What is the maximum locked-rotor

Cheyenne Corp. purchased a piece of equipment for $58,800. It estimated a 9-year life and $3,400 salvage value. At the end of ye

bogdanovich [222]

Answer:

the revised depreciation is $ 3,753

Explanation:

<em>Straight Line Method of Depreciation charges the same amount of depreciation over the useful life of the asset.</em>

Depreciation Charge (Straight line) = (Cost - Salvage Value) / Useful life

Year 1

Depreciation Charge = ( $58,800 - $3,400) / 9 years

= $6,156

Year 2

Depreciation Charge = $6,156

Year 3

Make the adjustment as if the adjustment happened at the beginning of the year

Make the following changes

(1) Adjast the Depreciable Amount (numerator)

(2) Adjast the Useful life (denominator) to 11 years

Depreciation Charge = (Cost - Previous Depreciation Charges - New Residual Value) / Revised Number of Useful life

Depreciation Charge = ($58,800 - $6,156 - $6,156 - $5,200)/ 11 years

= $ 41,288/ 11 years

= $ 3,753

5 0

3 years ago

Shockglass Company had a beginning inventory of $15,000. During the year, the company recorded inventory purchases of $45,000 an

Otrada [13]

Answer:

A. $10,000

Explanation:

We know that :

cost of goods sold = opening inventory + purchases - ending inventory

hence,

Ending Inventory = opening inventory + purchases - cost of goods sold

therefore,

Ending Inventory = $15,000 + $45,000 - $50,000

= $10,000

The ending inventory must equal: $10,000

8 0

3 years ago

A marketing manager decides what combination of variables is needed to satisfy customers' needs for a general type of product. W

VMariaS [17]

Answer:

a. Product, price, distribution, and promotion variables

Explanation:

As a customer requires various attributes of the product, that is for which the customer will not compromise in, these include:

The product needed, as for the customer is hungry he shall ask for a pizza, now pizza is a product.

The price of the product, if the price is in the budget of the customer he shall buy it else he shall not buy it.

Distribution associated with it basically the method in which it will be distributed, the packaging extracts.

Promotion variables includes extra benefits like offered with the product, cash backs as for example, etc:

8 0

3 years ago

A shift from labor to equipment is:

leva [86]

Answer:

In summary, labor supply is the total hours that workers or employees are willing to work at a given wage rate. Changes in income, population, work-leisure preference, prices of related goods and services, and expectations about the future can all cause the labor supply to shift to the right or left.

6 0

3 years ago

Sherriane Baby Products’ salaries expense was $15.1 million. Required: What is the amount of cash Sherriane paid to employees du

beks73 [17]

Answer:

Summary entry is shown below

Explanation:

The preparation of the summary entry is shown below

Salary expense $15.1 million

To Cash $9.4 million

To Salary payable $5.7 million

(Being the salary expense is recorded)

Simply we debited the salary expense by $15.1 million as the expenses account is debited while on the other hand, the cash is paid for $9.4 million and the salary payable is credited for $5.7 million

6 0

4 years ago