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krek1111 [17]
3 years ago
11

Sunland Company purchased a new machine on October 1, 2017, at a cost of $80,360. The company estimated that the machine has a s

alvage value of $7,910. The machine is expected to be used for 70,800 working hours during its 7-year life. Compute the depreciation expense under the straight-line method for 2017 and 2018, assuming a December 31 year-end. (Round answers to 2 decimal places, e.g. 5,275.25.) 2017 2018 The depreciation expense under the straight-line method
Business
1 answer:
Ahat [919]3 years ago
8 0

Answer:

2017 = $2,587.50

2018 = $10,350

Explanation:

The computation of the depreciation expense using the straight line method for the year 2017 and 2018 are shown below:

As we know that

The formula to compute the depreciation expense under the straight-line method is

= (Purchased Cost - salvage value) ÷ useful life

For 2017 year

= ($80,360 - $7,910) ÷ 7 year

= $10,350

For 3 months, it is

= $10,350 × 3 ÷ 12

= $2,587.50

And, for 2018, it is $10,350

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Todco planned to produce 3,000 units of its single product, Teragram, during November. The standard specifications for one unit
Cerrena [4.2K]

Answer:

C. the actual cost of materials was less than the standard cost.

Explanation:

As it can be seen from the given information that

The Favorable material purchase price is $380

And, non-favorable material quantity variance is $120

So, the total favorable price variance is

= $380 - $120

= $260

This represents that the actual material cost would be lower than the standard cost

hence, the option C is correct

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3 years ago
What is a living will?
yarga [219]
A Living Will is a legal document in which a person specifies what actions should be taken for their health if they are no longer able to make decisions for themselves because of illness or incapacity.
5 0
3 years ago
Katie had a high monthly food bill before she decided to cook at home every day in order to reduce her expenses. She starts to s
LekaFEV [45]

Answer: $13,464.23‬

Explanation:

Kate is saving a constant amount of $1,410 per year so indeed it is an annuity.

The amount she will have in the account after 8 years is the future value of the annuity after 8 years.

The formula is;

Future Value of Annuity = Annuity * (future value factor of annuity, 8 years, 5%)

= 1,410 * 9.5491

= 13,464.231‬

= $13,464.23‬

3 0
3 years ago
Is decaf coffee as bad for you as regular coffee on my esophagus?
dalvyx [7]
Decaf coffee is bad for you but not as bad as regular coffee.
3 0
3 years ago
Bonds that hold two adjacent nucleotides together are called __________________ bonds.
Murrr4er [49]

Bonds that hold two adjacent nucleotides together are called "phosphodiester bond."

<h3>What is phosphodiester bond?</h3>

The phosphodiester bonds are created as a result of a condensation reaction between two sugar groups' phosphate and hydroxyl groups.

Some key features regarding the phosphodiester bond are-

  • The hydroxyl group is a like-group formed by bonding of one oxygen atom and a hydrogen atom.
  • The carbon that the hydroxyl group would be attached is represented by the "-."
  • Furthermore, phosphate groups are molecules that contain an atom of phosphorus covalently bonded to four oxygen atoms.
  • The phosphodiester bond is also known as the phosphoester bond.
  • A phosphodiester bond is a chemical bond formed when two hydroxyl groups throughout phosphoric acid react with hydroxyl groups on other molecules, resulting in the formation of ester bonds.
  • It can be found in the backbones of DNA and RNA.

To know more about the phosphodiester bond, here

brainly.com/question/23660733

#SPJ4

7 0
2 years ago
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