In a business, the useful life of a machinery depends on its usage.
Let us assume that the useful life of the machine is 5 years.
cost of 500,000 ; useful life - 5 years ; further assume that there is no salvage value and no section 179 election and no out of bonus depreciation.
We will use the straight line method of depreciation. It is dividing the cost by its useful life.
500,000 / 5 years = 100,000 depreciation expense per year.
Since he only bought it on July 1, it can only be depreciated for 6 months.
100,000 * 6/12 = 50,000 depreciation expense for year 2015.
Answer: proportional personal income tax
Explanation: because it gives everyone the same about of tax no matter the income
Answer:
Since the average variable cost curve lies below the average total cost curve, this implies that the average variable cost is the lowest price at which the producer can sell.
If there is no possible output where the price would be at least equal to the average variable costs, the firm should cease production, because it is not going to recover its costs, not to talk about making a profit.
Explanation:
A firm's average variable cost is the total variable cost divided by the total output. For example, if the total variable cost for a particular product is $4,500 with a total output of 450 units, then the average variable cost is $10 ($4,500/450).
Answer:
Cost per unit of widget produced = $6.52
Explanation:
As for the provided information:
Total units produced = 4,600 units
Total cost of production = costs for Department 1 + Department 2 + Department 3
= $18,000 + $8,000 + $4,000 = $30,000
It does not matter how many units are sold as the cost of sales will include, selling and administrative cost also.
Therefore, all the cost will be considered.
Thus total cost of production = $30,000 for 4,600 units.
Cost per unit of widget =
The railroads have an impact on contemporary business methods corporate boards are created.
In the United States, an extensive network of railroads was built starting in the nineteenth century, allowing for the movement of products and people over significant distances, the settlement of sizable areas of the country, the development of towns and cities, and the unification of a country. Early railroads were a long cry from the vast train network that was constructed in the nineteenth century and is still in use today. In the early days of railroad construction in the United States, horses transported cargo to adjacent waterways along short, wooden railways constructed by quarries and mines.
In Quincy, Massachusetts, and Mauch Chunk, Pennsylvania, quarry and mine owners built the first full-size railroads in 1827. In 1829, the first locomotive to be used on a railroad was purchased from England.
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