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Vlada [557]
3 years ago
11

Concord Company purchased a new machine on October 1, 2020, at a cost of $115,900. The company estimated that the machine will h

ave a salvage value of $13,900. The machine is expected to be used for 10,000 working hours during its 5-year life.Compute the depreciation expense under units-of-activity for 2020, assuming machine usage was 1,910 hours.
Business
1 answer:
Kazeer [188]3 years ago
7 0

Answer:

$4,870.5

Explanation:

Annual Depreciation Expense:

= [(Cost - Salvage Value) × Machine Usage in 2020] ÷ Total Estimated Working Hours

Depreciation Expense for 2020 (for 3 months only - October to December):

= [($115,900 - $13,900) × 1,910] ÷ (10,000) × (3/12)

= ($102,000 × 1,910) ÷ (10,000) × (1/4)

= $19,482 × (1/4)

= $4,870.5

Notes:

Depreciation will be calculated for only 3 months since the asset has been acquired on 1st October 2020.

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The answer is (B) typically follows the same path as the company’s organization chart.

Explanation:

Formal communication in a business refers to a type of communication that is intended to follow a certain agenda or written or expressed verbally in a formal tone. Because of its form and adherence to standards, it usually requires the approval of multiple parties within the organization, and thus follows the same lines as a company’s organization chart.

4 0
2 years ago
if it was determined that the movement of exchange rates was not related to previous exchange rate values, this implies that a i
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10 months ago
When an interest-bearing note is dishonored at maturity and ultimate collection is expected, the entry for the dishonoring, assu
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Answer:

The correct answer is C. a credit to Notes Receivable and Interest Revenue.

Explanation:

When this registration is made, what occurs is to decrease the obligation they have with our organization, and an increase in income due to the recognition of the interests effectively recognized at the expiration of the obligation. Dishonoring the note means recognizing that we no longer have a callable value, and that the value receivable is extinguished as a result of the end of the agreed period of permanence.

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3 years ago
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1. An assembly line with 30 activities is to be balanced. The total amount of time to complete all 30 activities is 60 minutes.
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a. What are the maximum and minimum cycle times?

The maximum cycle time is 60 minutes and the minimum cycle time is 2.4 minutes.

b. How much daily output will be achieved by each of those cycle times?

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For max CT = 480/60 = 8 units per day

For min CT = 480/2.4 = 200 units per day.

2. In problem 1, suppose the line is balanced using 14 workstations and a finished product can be produced every 4.5 minutes.

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he natural level of output is the amount of real gdp produced a. when the economy is at the natural level of aggregate demand. b
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