Answer: All three methods result in the same amount of total depreciation
Explanation:
Depreciation is when the value of an asset has been reduced because the asset has been used or due to wear and tear.
When considering total depreciation recorded over the entire life span of an asset, the method resulting in the highest total depreciation is the straight line method, the double declining balance method, and the activity method.
Therefore, option the answer will be that "all three methods result in the same amount of total depreciation". This is because the amount charged for depreciation can not exceed the cost involved and will be identical for the three methods
Answer:
The retained earnings balance on February 28, 2019 is $305.000.
Explanation:
Balance of the retained earnings account on February 1, 2019 = $315,000
Revenue for February 2019 = $61,000
Expenses for February 2019 = $65,000
Dividend declared in February 2019 = $6,000
Net Income = Revenue - Expenses = 61,000 - 65,000 = -4,000
Ending Balance of Retained Earning = Beginning balance of retained earning + net Income - dividend =
Ending Balance of Retained Earning = $315,000 + (-4000) - $6,000
Ending Balance of Retained Earning = $305,000
The retained earnings balance on February 28, 2019 is $305.000.
Answer:
Please see attached solution
Explanation:
a. Total manufacturing overhead costs allocated $356,400
b. Variable manufacturing overhead spending variance $40,500U
c. Fixed manufacturing overhead spending variance $17,600U
d. Variable manufacturing overhead efficiency variance $19,500F
e. Production volume variance $39,200F
Please find attached detailed solution to the above questions
A licensee who is operating in the capacity of a party's designated agent must notify any clients of the existence of the agency relationship in writing.
<h3><u>An agency agreement is what?</u></h3>
In a legal contract known as an agency agreement, the first party, known as the "principal," agrees that the activities of the second party, known as the "agent," bind the principal to later agreements made by the agent as if the principal had made them personally.
In law, the ability of the agent to bind the principal is known as authority. A person may be compelled to pay for purchases made by a close relative using their credit card if they provide their credit card to them, which is an example of implied authority generated by an agreement.
Learn more about agency agreement with the help of the given link:
brainly.com/question/15038930
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Explanation:
Probably the most obvious type of visual support is Microsoft PowerPoint. Best used, it can really support you for your presentation; it could have the reverse effect, but it was poorly used.
The concepts are as follows:
Do
Use a sufficiently big font (at least 20pt).
Keep your background straightforward.
If appropriate, use graphics.
Make things visual.
Use endless bullet point list slides that are all the same
Don't
You can not read it so small.
Use a picky image from the background.
The screen is white or black.
Do not over-do it – it's annoying.
Use neverending bullet point list slides that all look the same
Handouts are extremely helpful. Use a presentation if your data is too comprehensive for a slide, if you really want your spectators to have their findings fully recorded. Take into account the merits of your presentations at the start, middle and end. Given too long and a diversion they could show. Given too late, too many needless references may have been made by the audience. Provided in the midst and the viewers will read and not listen predictably. One powerful way to prevent these troubles is to give the key steps during your presentation incomplete presentations. The lost details can be highlighted vocally and your viewer can then fill up the gaps.
