1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ahrayia [7]
3 years ago
12

On January 1, 2021, the Allegheny Corporation purchased equipment for $150,000. The estimated service life of the equipment is 1

0 years and the estimated residual value is $18,000. The equipment is expected to produce 240,000 units during its life. Required: Calculate depreciation for 2021 and 2022 using each of the following methods. 2. Double-declining-balance.
Business
1 answer:
Karolina [17]3 years ago
5 0

Answer:

Results are below.

Explanation:

Giving the following information:

Purchase price= $150,000

Useful life= 10 years

Salvage value= $18,000

<u>To calculate the depreciation expense under the double-declining balance, we need to use the following formula:</u>

Annual depreciation= 2*[(book value)/estimated life (years)]

2021:

Annual depreciation= 2*[(150,000 - 18,000) / 10]

Annual depreciation= $26,400

2022:

Annual depreciation= 2*[(132,000 - 26,400) / 10*

Annual depreciation= $21,120

You might be interested in
Contracts are a form of private law because the terms contained within a contract bind the relevant parties, not the public as a
sasho [114]

Answer:

The correct answer is the option A: True.

Explanation:

To begin with, the contracts inside the law are regulated by the Anglo-America common law that defines a contract as the agreement between two or more parties in which they establish the basis and principles of the agreement and the clauses that could cause to end the contract. Moreover, a contract is also part of the civil law and therefore that it does not implicate the public as a whole in any way due to the fact that in order to be a correct contract the parties must accept the bond between only them and nobody else.  

5 0
4 years ago
What technology uses a standard web browser to provide information, and gives the wireless user the opportunity to agree to a po
Lera25 [3.4K]

Answer:

Captive Portal Access Point

Explanation:

Based on the description provided it seems that the technology being mentioned is called a Captive Portal Access Point. This refers to a web page that is displayed as soon as you try to access a new Wi-Fi network. This web page requires the user to input login credentials (username and password) in order to gain access into the network and use all of the resources that the network can offer.

6 0
3 years ago
Theodore and James have formed TJ Soft, an entrepreneurial venture to develop games and other kinds of software for consumers. T
Kamila [148]

Answer:

a global strategic alliance

Explanation:

A global strategic alliance is established between two or more countries that are established on different countries. In this case, TJ's headquarters are in the US and the other game company's headquarters are in Thailand. This type of alliance is very common when companies want to enter new international markets. For example, Volkswagen Group is the largest car manufacturer in the world, even though its headquarters are located in Germany, around 50% of the cars it sells are produced in China through a series of strategic alliances with Chinese car manufacturers. It was the first western car manufacturer to start producing cars in China and it really paid off for them. Its share of the Chinese car market is currently around 25%.

7 0
3 years ago
The Beach Shack Company produced 5,500 cakes that require 3 standard pounds per unit at $3. 00 standard price per pound. The com
prohojiy [21]

Answer:

Explanation:

Standard pounds per cake = 3 pounds

Standard unit price = $3

Standard pounds 5500 cakes = 16,500 pounds

Actual pounds per 5500 cakes = 16,650

Variance = (16,650 - 16,500)=150

Cost of actual materials used = actual materials * standard price

=16,650*3 =49,950

Cost of work in progress = Standard materials * standard price = 16,500*3= 49.500

Direct material quantity variance = Quantity variance * 3

150*3 = 450

Journal entry

Debit work in progress = 49,500

Debit material quantity variance = 450

Credit Material = 49,950

4 0
4 years ago
What can I do to block out screaming/ fighting parents?
Triss [41]

Answer:

Tell them to shut up and let you do your work

Explanation:

5 0
4 years ago
Read 2 more answers
Other questions:
  • Sarah has rented a house from Frank. The house is only two years old, but the roof leaks every time it rains. The water that has
    5·1 answer
  • Bargain Central ​Furniture, Inc. completed the following treasury stock transactions in 2016​: LOADING...​(Click the icon to vie
    12·1 answer
  • Which of the following is an example of capital outflow for Germany?a. German company Haribo sells a production facility in Irel
    11·1 answer
  • A local sports team sends out messages to cell phones of loyal fans informing them about a tailgate event before the next home g
    9·1 answer
  • Will give brainliest
    8·1 answer
  • Amanda Sorenson is planning her retirement. She is presently investing in a 401(k) but needs an additional $500,000 to reach her
    6·1 answer
  • Capacity management, denominator-level capacity concepts. Match each of the following numbered descriptions with one or more of
    7·1 answer
  • Pension Plan Entries Yuri Co. operates a chain of gift shops. The company maintains a defined contribution pension plan for its
    11·1 answer
  • Fleet, Inc. manufactured 700 units of Product A, a new product, in 20Xl. Product Xs variable and fixed manufacturing costs per u
    10·1 answer
  • Christian Company manufactures a part for its production cycle. The annual costs per unit for 5,000 units of the part are as fol
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!