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Afina-wow [57]
2 years ago
11

Equipment was purchased for $51,000 on January 1, 2012. Freight charges amounted to $2,100 and there was a cost of $6,000 for bu

ilding a foundation and installing the equipment. It is estimated that the equipment will have a $9,000 salvage value at the end of its 5-year useful life. What is the amount of accumulated depreciation at December 31, 2013, if the straight-line method of depreciation is used? Group of answer choices $20,040 $10,020 $8,580 $17,160
Business
1 answer:
ELEN [110]2 years ago
5 0

Answer: $20040

Explanation:

The amount of accumulated depreciation at December 31, 2013, will be calculated thus:

Cost = $51000 + $2100 + $6000 = $59100

Less: Salvage value = $9000

Depreciable cost = $50100

Annual depreciation will then be:

= $50100/5

= $10020

Accumulated depreciation at Dec 31,2013 will then be:

= $10020 × 2

= $20040

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Month July August September The third quarter

Flour budget (pound) 938 pounds 1,108 pounds 996 pounds 3,042 pounds

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Explanation:

Flour needs to produces organic bread:

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In August = 1,880 x 1/2 = 940 pounds

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In October = 1,560 x 1/2 = 780 pounds

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Total flour needs:

In July = 750 + 188 = 938 pounds

In August = 940 + 168 = 1,108 pounds

In September = 840 + 156 = 996 pounds  

In the third quarter = 3,042 pounds

The bakery pays $2.50 per pound of the organic flour used in its loaves.

In July = 938 pounds x $2.50 = $2,345

In August = 1,108 pounds $2.50 = $2,770

In September = 996 pounds  $2.50 = $2,490

In the third quarter = $7,605

Data Table

Month July August September The third quarter

Flour budget (pound) 938 pounds 1,108 pounds 996 pounds 3,042 pounds

Flour budget (USD) $2,345 $2,770 $2,490 $7,605

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2 years ago
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