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Alex_Xolod [135]
2 years ago
6

On April 1, Cyclone's Co. purchases a trencher for $314,000. The machine is expected to last five years and have a salvage value

of $57,000. Exercise 8-11 Straight-line, partial-year depreciation LO C2 Compute depreciation expense at December 31 for the first and second year assuming the company uses the straight-line method.
Business
1 answer:
djverab [1.8K]2 years ago
3 0

Answer:

Annual depreciation= $51,400

Explanation:

Giving the following information:

Purchase price= $314,000

Salvage value= $57,000

Useful life= 5 years

<u>To calculate the depreciation expense under the straight-line method, we need to use the following formula:</u>

<u />

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (314,000 - 57,000) / 5

Annual depreciation= $51,400

<u />

<u>The depreciation expense is the same every year.</u>

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3 years ago
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Cash dividends of $83,126 were declared during the year. Cash dividends payable were $9,151 at the beginning of the year and $15
morpeh [17]

Answer:

option (b) $76,642

Explanation:

Data provided in the question:

Cash dividends declared = $83,126

Cash dividends payable at the beginning of the year = $9,151

Cash dividends payable at the end of the year = $15,635

Now,

Cash payment of dividends

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= $83,126 + $9,151 - $15,635

= $76,642

Hence,

the answer is option (b) $76,642

7 0
3 years ago
Sam takes a five-dollar bill from his wallet. He exchanges the bill for four quarters and four one-dollar bills. He then uses th
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Answer: Acceptability, portability and divisibility of money.

Explanation:

The question illustrates the acceptability, portability and the divisibility of money. The acceptability of money means that money is widely accepted as a medium for transaction, divisibility of money means that money can be broken down to smaller denominations and the portability of money means that money is easy to carry about.

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What is the main difference between regular work hours and overtime​
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Answer:

regular work hour- employee are expected to on the basis of their employment contract.

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3 0
3 years ago
Carmen manufactures a unit called A2. Variable manufacturing costs per unit of A2 are as follows:The Don Company has offered to
myrzilka [38]

Answer:

Accepted

Explanation:

In this question, we have to compare the make or buy options which are shown below:

Particulars                                                    Make                    Buy

Direct materials (5,000 units × $1)           $5,000

Direct labor (5,000 units × $10)               $50,000

Variable manufacturing overhead

(5,000 units × $5)                                     $25,000

Fixed manufacturing overhead              $60,000           $110,000 (5,000 units  × $22)                                                                                  

Total                                                        $140,000                $110,000

Since in buy decision, the cost is minimum. So, the company should accept this offer

8 0
3 years ago
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