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Margaret [11]
3 years ago
15

g A machine costing $58,944 with a 6-year life and $55,853 depreciable cost was purchased January 1. Compute the yearly deprecia

tion expense using straight-line depreciation. Round your answer to the nearest whole dollar.
Business
1 answer:
Solnce55 [7]3 years ago
7 0

Answer:

$9,309

Explanation:

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

DEPRECIABLE COST / USEFUL LIIFE

$55,853 / 6 = $9,309

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For long-term contracts, the cost recovery method under IFRS requires recognizing equal amounts of revenue and cost until all co
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Answer:

The answer is letter A. TRUE

Explanation:

Because under IFRS firms tipically use the cost recovery method iif they conclude that the percentage of completion method is not appropriate to account for a long term contract.

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3 years ago
Current Attempt in Progress
Kamila [148]

Answer:

units

Explanation:

                                                            Units   Unit Cost      Total Cost

April 1 inventory                                    250  $28      $ 7,000  

April 15 purchase                                  350  34       11,900  

April 23 purchase                                  400        36       14,400

                                                          1,000                          $33,300

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3 years ago
The CEO of a heavy equipment manufacturing company suspects that a member of the company’s senior staff has been selling confide
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Answer: c. The senior staff member cannot be fired for refusing to take the polygraph test.

Explanation: For refusing to take a polygraph test on the grounds of selling confidential business information to a competitor, the senior staff member cannot be fired. Under the Employee Polygraph Protection Act (EPPA) of 1988, private employers are prohibited from administering polygraph tests to their employees, to request results from the polygraph test, and also to or discharge, discipline, or discriminate against them for refusing to take the test whether for employment purposes or during the course of employment. However, there are exceptions for security firms and employees of the federal, state or local government agencies.

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3 years ago
Ophelia, the new CEO at Odyssey Inc., plans to implement a highly effective systematic process of regulating organizational acti
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Answer: (A) Organizational control

Explanation:

 According to the question, the organizational control is one of the type of business system process in which the resources are get evaluating and regulating for accomplished the company goals.

There are mainly three types of organizational control that are:

  • Clan control
  • Output control
  • Performance control

The organizational control is one of the important factor in terms of business as identifying all the problem and also prevents from all the frauds in the business. It also improve the communication channel in an organization.

Therefore, Option (A) is correct.

4 0
4 years ago
Eve Cosmetics Company consists of two departments, Blending and Filling. The Filling Department received 41,400 ounces from the
Mandarinka [93]

Answer:

39,300 ounces

Explanation:

Calculation for How many ounces were started and completed during the period

Using this formula

Numbers of ounces started and completed during the period= Filling Department completed ounces during the period - Work in process at the beginning of the period

Let plug in the formula

Numbers of ounces started and completed during the period=46,800 ounces -7,500 ounces

Numbers of ounces started and completed during the period=39,300 ounces

Therefore How many ounces were started and completed during the period is 39,300 ounces

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3 years ago
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