Answer:
C. $31,000
Explanation:
The computation of the depreciation expense is shown below:
Net balance of the equipment on the year 20X5
= Original cost - accumulated depreciation
= $379,000 - $153,000
= $226,000
Net balance of the equipment on the year 20X4
= Original cost - accumulated depreciation
= $344,000 - $128,000
= $216,000
So, the difference is $10,000
And, in 20X5, the loss on sale of equipment is
= $50,000 - $9,000
= $41,000
Now the depreciation expense is
= $41,000 - $10,000
= $31,000
Answer:
b.$219,300
Explanation:
The computation of the amount of factory overhead applied in October is given below:
= Opening balance + direct material + direct labor - ending balance - good finished
= 24,900 + 94,400 + 197,000 - 212,900 - 322,700
= -$219,300
= $219,300
Hence, the option b is correct
Answer:
on Wednesday = 0.6
on Thursday = 0.8
on Friday =1.4
on Saturday = 1.2
Explanation:
Given that
business on Friday night = 35%
business on Saturday night = 30%
business on Thursday night = 20%
solution
we know restaurant open Wednesday through Saturday
so here on Wednesday business done = 100 - ( 35 +30 +20)
business on Wednesday = 15 %
and we consider here total production of sale in week is = 1
so here average sales in a week = = 0.25
and
now we get here seasonal relatives that is express as = .....................1
so
on Wednesday = = 0.6
on Thursday = = 0.8
on Friday = = 1.4
on Saturday = = 1.2
Answer:
The depreciation expense for year 2 is $13,469
Explanation:
Computing the depreciation expense for year 1 is:
Depreciation expense = Asset cost / Number of useful life
= $110,000 / 7
= $15,714.28
Computing the depreciation expense for year 2 is as:
Asset cost for year 2 = Asset cost - Depreciation expense for year 1
$110,000 - $15,714.28
= $94,285.72
So, depreciation expense would be:
Depreciation expense = Asset cost for year 2 / Number of useful life
= $94,285.72 / 7
= $13,469