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Andrei [34K]
3 years ago
10

First, we will start with annual depreciation. We will always use straight-line depreciation in this course Consider a firm that

purchased an equipment for $165,891 and incurred an additional $42,172 for shipping and installation. What will be the annual depreciation expense if the equipment is expected to last 13 years and have a salvage value of $4,018 (using straight-line depreciation)
Business
1 answer:
NARA [144]3 years ago
6 0

Answer:

Annual Depreciation expense = $15695.7692  rounded off to  $15695.77

Explanation:

We first need to calculate the cost of the equipment. The cost at which an equipment or asset should be recorded should include all the costs incurred to bring the asset into the place and condition necessary for its use as intended by the management. Thus the cost of the equipment will be,

Cost = 165891 + 42172

Cost = $208063

Now we can calculate the depreciation expense per year based on the straight line depreciation method using the following formula,

Annual Depreciation expense = (Cost - Salvage Value) / Estimated useful life

Annual Depreciation expense = (208063 - 4018) / 13

Annual Depreciation expense = $15695.7692  rounded off to  $15695.77

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A study by carnegie mellon university showed that drivers talking on cell phones can miss seeing ......% of their driving enviro
vazorg [7]

(Strayer, D. L. 2007), A study by Carnegie Mellon University showed that drivers talking on cell phones can miss seeing<u> 50 % </u>of their driving environment, including pedestrians and green lights.

<h3>What are the risks of using cell phones while driving?</h3>

There are studies, which have found that drivers who use cell phones while driving are more likely to face accidents resulting in injuries and there is a correlation that exists between phone use and accountability for crashes.

Therefore, (Strayer, D. L. 2007), A study by Carnegie Mellon University showed that drivers talking on cell phones can miss seeing<u> 50 % </u>of their driving environment, including pedestrians and green lights.

learn more about risks of cell phones:

brainly.com/question/4733015

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5 0
2 years ago
Dove, Inc., had additions to retained earnings for the year just ended of $637,000. The firm paid out $70,000 in cash dividends,
Viktor [21]

Answer:

the earning per share is $1.02

Explanation:

The computation of the earning per share is shown below;

Earnings per share = (additions to retained earnings + cash dividends) ÷ (No of common stock outstanding )

= ($637,000 + $70,000) ÷ $690,000

= $1.02

hence, the earning per share is $1.02

We apply the above formula so that the correct per share value could come

8 0
3 years ago
When managing your human resources, _____________ is the process of deciding who should be hired, under legal guidelines, to ser
LenaWriter [7]
I guess there should be an options to choose. Anyway, I think correct answer is: When managing your human resources, selection is the process of deciding who should be hired, under legal guidelines, to serve the best interests of the individual and the organization. Selection is the process of choosing someone who fits the best by the particular criteria. 
8 0
4 years ago
Alphabet Company, which uses the periodic inventory method, purchases different letters for resale. Alphabet had no beginning in
Slav-nsk [51]

Answer: $51

Explanation:

A, B, C, D, E, F, G were purchased for $2.50 per letter which means they cost;

= 7 * 2.50

= $17.50

H to L were purchased at $4.50 per letter which means they cost;

= 5 * 4.5

= $22.50

M to R were purchased at $5.50;

= 6 * 5.5

= $33

Total inventory cost = 17.50 + 22.50 + 33 = $73

Inventory sold = 2.5 + 2.5 + 2.5 + 4.5 + 4.5 + 5.5

= $22

Ending Inventory = Total inventory - inventory sold

= 73 - 22

= $51

8 0
3 years ago
Selling price $220 per unit
kramer

Answer:

Net operating income= $207,500

Explanation:

The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).

<u>First, we will determine the total unitary variable overhead:</u>

total unitary variable overhead= 90 + 25= $115

<u>Now, we can calculate the total contribution margin:</u>

Total CM= 11,500*(220 - 115)

Total CM= $1,207,500

<u>Finally, the net operating income:</u>

Net operating income= 1,207,500 - 600,000 - 400,000

Net operating income= $207,500

6 0
3 years ago
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