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Leya [2.2K]
3 years ago
12

Suppose a manufacturing plant purchased a new heating system in December, 2015 and, after installing and testing the equipment,

it was put into service on January 1, 2016. The total cost to put the equipment into service was $55,000; it is expected to have a useful life of 5 years and a salvage value of $5,000.
Required:
Using the straight-line method of depreciation, what will the entry be to record depreciation for the 6 months ending June 30, 2016?
Business
1 answer:
Andreas93 [3]3 years ago
3 0

Answer:

Depreciation for 6 months ending June 30, 2016 is $ 5,000 and the accounting entry to record the transaction is:

Depreciation Expense  - Debit                    $ 5,000

Allowance for Depreciation  - Credit           $ 5,000  

Explanation:

pls branliest! :)

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A high Power Distance Index score implies that the people who hold power in a country are entitled to privileges.
ladessa [460]

Answer:

a. True

Explanation:

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Thus according to the high power distance index score, individuals with high power are entitled to number of privileges in a country or in society.

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Bass Accounting Services expects its accountants to work a total of 26 comma 000 direct labor hours per year. The​ company's est
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Answer:

C) $ 15.00 per hour

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total labor hours 26,000 per year

total indirect costs $390,000

if the company allocates indirect costs according to labor hours employed, the cost allocation rate should be:

$390,000 / 26,000 = $15 per direct labor hour

This means that for every labor hour employed, $15 will be allocated as indirect costs, e.g. a client requires 50 labor hours per year and $750 (= 50 x $15) in indirect costs.

8 0
3 years ago
Read 2 more answers
Bistrol Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the f
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Answer:

$21.44

Explanation:

Calculation for the cost per equivalent unit for materials for the month in the first processing department

First step

Units completed and transferred out $7,500

Ending inventory($800+$8,400-$7,500)*70% Ending inventory =1,700*70%

Ending inventory =$1,190

Equivalent units for Materials $8,690

($7,500+$1,190)

Total materials costs $186,300

Second step

Cost per equivalent unit for materials=Total materials costs÷ Equivalent units for Materials

Cost per Equivalent unit for Materials $186,300÷$8,690

Cost per Equivalent unit for Materials=$21.44

Therefore the cost per equivalent unit for materials for the month in the first processing department is closest to $21.44

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4 years ago
What are 2 examples of variable expenses?
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