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snow_tiger [21]
2 years ago
13

Ryan attends a seminar on environmental conservation, and afterward decides to contribute to the conservation of the environment

. What can Ryan do to achieve his objective?
Business
1 answer:
Nostrana [21]2 years ago
6 0

Answer: 1) Planting trees around him 2) Using bio and solar powered appliances

Explanation:

They are many ways to conserve the environment. Conserving the environment helps the earth and nature to grow better. Amongst all Ryan would have learnt from the training, here are some things he would do when he's back;

- Planting of trees; this helps preserve and purify the air around, reducing cabon monoxide as the plant takes it in, then gives oxygen.

- Use bio and solar powered appliances; fuel(petrol) has had a long run in the industry for energy, although it has it's advantages but it's disadvantages is more as it's the major contributor to the depreciation of the environment based on lots of toxic element it emits to the society

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Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $3,500 of dir
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Answer:

18,500 WIP balance at September 30th

Explanation:

Job A3B

3,500 direct materials

5,000 direct labor

10,000 Overhead (200% of labor = 5000 x 200%)

18,500 WIP balance at September 30th

The cost added during October will be part of October calculation, on September we should work with September values.

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3 years ago
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Answer:

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5 0
3 years ago
Waterway Corporation purchased a new machine for its assembly process on August 1, 2020. The cost of this machine was $162,900.
satela [25.4K]

Answer:

(a) Straight Line Depreciation for 2020 $  28,800

(b) Activity Method of Depreciation for 2020 $ 5,616

(c) Sum of the years Depreciation for 2021 $ 38,400

(d) Double declining balance depreciation for 2021 $ 39,096

Explanation:

Computation for requirement (a) - Straight Line Depreciation for 2020

Straight line method considers depreciation on adepreciable base after considering a salvage value and spreads it evenly over the life of the asset.

Cost of machine                                     $ 162,900

Estimated Salvage Value                       <u>$   18.900</u>

Depreciable Basis                                   $ 144,000

Estimated Life                                             5 years

Straight Line Depreciation for 2020 = $ 144,000/5 = $ 28,800      

Computation for requirement (b) - Activity Method  Depreciation for 2020

Activity method depreciation considers depreciation over the estimated usage of the asset and multiplies by the usage in a given period. The depreciable basis is after considering the salvage value.

Depreciable basis - same as SL depreciation                       $ 144,000

Usage Life of the machine                                                         20,000 hours

Machine usage for 2020                                                                  780 hours

Depreciation on a per hour basis      $ 144,000/ 20,000 = $ 7.2 per hour

Depreciation for 2020 on a usage of 780 hours = 780 * $7.20 = $ 5,616      

Computation for requirement (c) - Sum of the years digits for 2021    

In a sum of the years depreciation method, the sum of the life of the assets are added and considered as a depreciable life. The salvage value is considered in determining the depreciable basis.

Depreciable basis - same as SL depreciation                       $ 144,000            

Estimated life of the asset                                                      5 years

Sum of the years, (5+4+3+2+1)                                                  15

so the first year depreciation shall be 5/15, the next year 4/15 and so on,

We need to compute the depreciation for 2021 which is the second year, so the formula shall be:

4/15 (remaining useful life) * $ 144,000(depreciable basis) = $ 38,400

Computation for requirement (d) - Double declining balance  for 2021

In a double declining balance method the depreciation rate (%) is double that of a straight line method. The subsequent years depreciation is on a reduced balance. No salvage value is considered

The first year's depreciation is calculated

Cost of Machine* (2 * Straight Line depreciation %)

$ 162,900* (2 * 20 %) so the depreciation for 2020 would be

$ 162,900 * 40 % = $ 65,160.

For 2021, which is the requirement in our question, the cost would be the reduced value.

Original Cost of the machine                                    $ 162,900

Double Declining balance Depreciation  2020       <u>$  65,160</u>

Declining Cost basis for 2021 depreciation             <u>$   97,740</u>  

Depreciation @ 40 %                                                 $  39,096                                                    

6 0
3 years ago
Equipment was acquired on January 1, 2019 at a cost of $190,000. The equipment was originally estimated to have a salvage value
Sophie [7]

Answer:

Journal:

Dec. 31, 2022:

Debit Depreciation Expense $18,600

Credit Accumulated Depreciation $18,600

To record depreciation expense for the year.

Explanation:

a) Depreciation charge for each of the 3 years, calculated as ($190,000 - $22,000)/10 = $16,800

2019: $16,800

2020: $16,800

2021: $16,800

Accumulated Depreciation to date = $50,400 ($16,800*3)

b) Book Value on January 1, 2022 = $139,600 ($190,000 - $50,400)

c) New Depreciation charge from 2022 = $18,600 ($139,600 - $28,000) /6 years, the remaining useful life based on the revised estimate.

d) There is adjusting journal entry.  Depreciation is an estimate based on judgement and past events.  Judgement can change to address current events.  So, there is no need adjusting the entries for the previous three years.

6 0
3 years ago
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