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brilliants [131]
3 years ago
11

Assume that an asset costing $72,000 is expected to produce 500,000 units and have a salvage value of $6,000. The first year, 90

,000 units are produced; the second year, 82,000 units are produced; the third year, 94,000 units are produced. Using the units-of-production method, complete the following:
Year Depreciation Expense Book Value
0 — $72,000
1 fill in the blank 1 fill in the blank 2
2 fill in the blank 3 fill in the blank 4
3 fill in the blank 5 fill in the blank 6
Business
1 answer:
anyanavicka [17]3 years ago
3 0

Answer:

depreciable value = $72,000 - $6,000 = $66.000

depreciation expense per unit produced = $66,000 / 500,000 units = $0.132 per unit

depreciation expense year 1 = 90,000 x $0.132 = $11,880

depreciation expense year 2 = 82,000 x $0.132 = $10,824

depreciation expense year 3 = 94,000 x $0.132 = $12,408

Year          Depreciation expense          Book value

0                              $0                             $72,000

1                          $11,880                          $60,120

2                         $10,824                         $49,296

3                         $12,408                         $36,888

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On July 1, 2019, Noble, Inc. issued 9% bonds in the face amount of $10,000,000, which mature on July 1, 2025. The bonds were iss
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$322,400

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Calculation for At June 30, 2021, Noble's unamortized bond discount

First step is to calculate unamortized bond for 2019-2020

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Unamortized bond 2019-2020=$9,560,000 + [($9,560,000 - $900,000)]

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Second step is to calculate Unamortized bond for 2020-2021

Unamortized bond 2020-2021= $9,616,000+ [( × $9,616,000.1) - ($10,000,000 × .09)]

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Answer with Explanation:

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The companies whose products are in growth phase or the company is cash cow which has a well diversified products does not have to invest in adding a new product line because their earnings are already stable enough or that they don't have to invest much because sufficient profits are left after extracting for investments. Increase in dividends has two meanings that either the management is confident enough that they think that the company will be able to earn more in the future and they will achieve better position in future which is a good news in the stock exchange and for investors as well and investor invest more in the company's ordinary stock.

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