Henry's savings account has an APR of 3.65%

A company paid $517,000 to purchase equipment and $16,700 to have the equipment delivered to and installed in the company's prod

Maslowich

Answer:

Using the units-of-production method, the amount of depreciation expense would the company report in the income statement prepared for the year-ended October 31, 2018 = $ 228899

Explanation:

Given

Acquisition Cost of Equipment = $ 517,000+ $ 16700= $ 533,700

Total units of production= 29,700 hours

Residual Value = $ 6700

Units of Production= 12,900 hours

Formula:

Depreciation per unit= (Cost -Salvage value) / Total units of production* Units of Production

Depreciation per unit= ($ 533,700 - 6700/ 29700)*12900

Depreciation per unit=($ 52,7000 / 29700)*12900

Depreciation per unit=( 17.744)*12900

Depreciation per unit= 228898.98= $ 228899

As units of production are given we do not need to calculate it for half year. The depreciation is calculated for units of production.

5 0

2 years ago

Folsom Advertising, Inc. is considering an investment in a new information system. The new system requires an investment of $1,8

sveticcg [70]

Answer:

Payback period=2 years 5 months

Payback period=3 years 8 months

Explanation:

<em>The payback period is the estimated length of time in years it takes .</em>

<em>It is the number of years it takes the cash project to break-even</em>

a) Payback period

Total cash flow for two years = 750× 2 = 1500.000

Balance of cash flow required to make up= 1800000- 1500,000 300,000

Payback period = 2 years + 300,000/750,000× 12 months= 2 years 5 months

Payback period=2 years 5 months

b) Payback period

Total cash flow for 3 years = 450,000 + $225,000 +600,000=1,275 ,000

Balance o cash required to make up 1800,000 = 1,800,000 -1275,000= 525,000

Pay back period = 3 years + 525,000/750,000× 12 months

= 3 years 8 months

Payback period=3 years 8 months

5 0

2 years ago

Which form of print presentation is a paid medium?

PSYCHO15rus [73]

I would say the most common type of paid medium is C, a newspaper.
This is due to the fact that you can subscribe to your local newspaper for a fixed amount of money monthly or yearly. It also includes advertising, ads, and branded content for business looking to get profit and growth.

8 0

2 years ago

Economic capital is productive, so it does not include______? money buildings & equipment tools

katrin2010 [14]

Economic capital is productive, so it does not include Money.Economic capital is the amount of risk capital held by a financial services company to enable it to survive any difficulties such as market or credit risks. Money is used to purchase various factors such as raw materials, machinery, labor which help in the production of goods, but money itself does not directly help in the production of goods. The real capital consists of machinery, buildings, tools, factories, tractors, etc, which directly assist in the production of goods

7 0

2 years ago

Assigning manufacturing overhead costs and other indirect costs is called a:

Softa [21]

Answer:

Cost allocation

Explanation:

Cost allocation means the process where the identification, aggregation, and the allocating of the cost is made to the various cost objects. It plays an important role as the cost i.e. incurred for generating a particular product or rendering a service would be determined

So if the manufacturing overhead cost assigned and the other indirect cost so this we called cost allocation

6 0

2 years ago