1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Salsk061 [2.6K]
3 years ago
10

Albatross Company purchased a piece of machinery for $60,000 on January 1, 2019, and has been depreciating the machine using the

double-declining-balance method based on a five-year estimated useful life and no salvage value. On January 1, 2021, Albatross decided to switch to the straight-line method of depreciation. The salvage value is still zero and the estimated useful life did not change. Ignore income taxes.
Required:
a. What type of accounting change is this, and how should it be handled?
b. Prepare the journal entry to record depreciation for 2017. Show all calculations clearly.
Business
2 answers:
elena-14-01-66 [18.8K]3 years ago
7 0

rkslirs

itss

irslursu..zurxru

d

natita [175]3 years ago
3 0

Answer:

Currently, the income statement for company reflects a total period cost for depreciation of $7,876,000

You might be interested in
This rider allows for the insured to obtain additional insurance in between the specified ages including marriage and the birth
Soloha48 [4]

Answer:

guaranteed insurability rider

Explanation:

First of all, a rider is an insurance policy provision that allows customers to purchase insurance options that increase their coverage. Sometimes riders are given for free as a promotional free benefit.  

A guaranteed insurability (GI) rider grants a current policy holder the option to purchase additional life insurance with no underwriting.

8 0
3 years ago
Of the following companies, which one would not likely employ the specific identification method for inventory costing?
Schach [20]

Answer:

The correct answer is D

Explanation:

Specific identification method of inventory is the method which helps in finding the ending cost of the inventory. And this method need the detailed physical count, as it helps the company in making or knowing how many goods brought on particular dates which is remained at the end of the year inventory.

Under this method, the companies which could adopt this method, are antique shop, farm implement dealership and music store.

3 0
3 years ago
Broadway Corporation was granted a patent on a product on January 1, 2007. To protect its patent, the corporation purchased on J
Karolina [17]

Answer

The answer and procedures of the exercise are attached in image.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

4 0
3 years ago
The process that facilitates the placement of orders and identifies, attracts, and builds relationships with external customers
Papessa [141]

Answer:

customer relationship process

Explanation:

customer relationship process. a process that identifies, attracts, and builds relationships with external customers, and facilitates the placement of orders by customers, sometimes referred to as customer relationship management.

8 0
3 years ago
insurance companies expend a lot of effort marketing their offerings, mainly due to the fact that insurance is a(n) ________blan
Semenov [28]

Insurance companies expend a lot of effort marketing their offerings, mainly due to the fact that insurance is an unsought product that consumers don't normally think about much.

<h3>What are unsought products?</h3>

Although a buyer may feel pressured into purchasing a product they do not want, unsought commodities are frequently bought under certain circumstances, so a marketing strategy that harasses consumers into purchasing the product will be seen as immoral. A notable example of an unasked-for good is funeral services.

Unsought goods are those that consumers are unaware of or hardly ever think about purchasing and whose acquisition is motivated by a combination of risk or worry about harm and lack of desire. Examples of well-known but unpopular things are funeral services, encyclopedias, fire extinguishers, and reference books.

To learn more about unsought product, visit:

brainly.com/question/15124028

#SPJ1

7 0
2 years ago
Other questions:
  • How does process innovation improve the operational efficiency of an international parcel delivery business
    10·2 answers
  • At the end of January, Mineral Labs had an inventory of 735 units, which cost $8 per unit to produce. During February the compan
    9·1 answer
  • Mohave, Inc. produces approximately 4,000 units per month, and it places a quality assurance logo on each of its units. To use t
    14·2 answers
  • As a financial analyst, you are tasked with evaluating a capital budgeting project. You were instructed to use the IRR method an
    13·1 answer
  • On January 1, 2014, Ball Co. exchanged equipment for a $500,000 zero-interest-bearing note due on January 1, 2017. The prevailin
    5·1 answer
  • eal Angus Steakhouse purchased land for $75,000 cash. They also incurred commissions of $4,500, property taxes of $5,000, and ti
    10·1 answer
  • I want to know about basic procurement principles
    8·1 answer
  • Suppose Intel is considering building a new computer chip-making factory. Assuming that Intel needs to borrow money in the bond
    15·1 answer
  • How are maquiladoras similar to sweatshops? I. Workers are paid very low wages in both systems. II. Both are prevalent in underd
    11·1 answer
  • Given sales of $100,000 a contribution margin of $40,000, and fixed expenses of $50,000, the result is a ______.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!