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
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

You might be interested in
Jennifer is marketing manager for a major consumer goods firm. She is interested in determining if market opportunity exists for
Dmitry_Shevchenko [17]

Answer:

Answered

Explanation:

Here Jenifer is looking for customers within this market that are most likely to respond favorably to the new brand.

Apparently, Jennifer is interested in, how to best segment the ready-made dinner market. As she interested in determining the market opportunity exists for the sales of a new brand of organic, gluton free line of ready made dinners.

5 0
4 years ago
How did the 1973 oil crisis affect the United States?
iragen [17]

Answer:

A)

Explanation:

I hope this helps:)

6 0
3 years ago
Read 2 more answers
Production Processes Manufacturers use several different production processes to create goods and services. This activity is imp
iragen [17]

Answer:

Refining crude oil into gasoline requires the use of chemicals, pressure, and heat to change the chemical makeup of the crude oil into a finished product of gasoline. PROCESS MANUFACTURING: deals with formulas and manufacturing recipes.  

A production plant that serves as a point where workers and robotics bring together all of the components that create automobiles. ASSEMBLY PROCESS: manufactured units follow an assembly line.  

Making steel is a process that cannot be easily stopped and restarted. CONTINUOUS PROCESS: the manufacturing process cannot be easily stopped.  

Allen-Bradley builds motor starters. The machines that Allen-Bradley uses can make different types of starters without slowing down the process. FLEXIBLE MANUFACTURING: different models can be manufactured in the same process.

A tractor manufacturer looked at their production techniques and eliminated the activities in production that do not add value to the consumer. LEAN MANUFACTURING: very simple and lean manufacturing process.  

A bicycle company makes 18 models in more than 2 million combinations. The customer chooses the model, size, color, and design. MASS CUSTOMIZATION: high degree of product customization.

8 0
3 years ago
The pre-tax cost of debt for a firm: is based on the yield to maturity on the firm's outstanding bonds. is equal to the coupon r
Molodets [167]

Answer:im sorry i dont know

Explanation:

8 0
4 years ago
Which agency enforces laws concerning air and water pollution?
Vaselesa [24]
Epa should be the answer
3 0
3 years ago
Other questions:
  • If total liabilities decreased by $24,119 during a period of time and stockholders' equity increased by $33,952 during the same
    14·1 answer
  • Christine has purchased five bananas and is considering the purchase of a sixth. It is likely she will purchase the sixth banana
    6·1 answer
  • The level of aggregate supply in the long-run is not affected by:a) changes in technology.b) changes in the capital stock.c) cha
    10·1 answer
  • When increased raw material costs increase prices for consumers, the situation is known as _______ inflation. A. demand-pull
    8·1 answer
  • Winn Corp. currently sells 9,820 motor homes per year at $45,500 each, and 3,680 luxury motor coaches per year at $89,700 each.
    9·2 answers
  • predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginning of the most recently complete
    11·1 answer
  • A firm is considering purchasing an asset that will cost $1 million. Other depreciable costs include $100,000 in installation co
    14·1 answer
  • A sporting goods company has a distribution center that maintains inventory of fishing rods. The fishing rods have the following
    15·1 answer
  • Which of the following are reasons to write a business plan?
    8·2 answers
  • Briefly state and explain 6 major roles of CEO in an organisation​
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!