Answer and Explanation:
The computation of the depreciation expense using straight line method is shown below:
Formula to be used:
= (Purchase cost - salvage value) ÷ (estimated service life)
For 2021
= ($35,000 - $5,000) ÷ (10 years)
= $3,000
For 4 months, it would be
= $3,000 × 4 months ÷ 12 months
= $1,000
And, for the year 2021, it would be the same i.e. $3,000
Answer:
The ending balance in the Allowance for Bad Debts is 20,500 CREDIT
Explanation:
The ending balance of Allowance for bad debts would be the 2.5% of sales
The adjustment is made to get the allowance for Bad Debt match the estimate uncollectible ammounts.
Notice it state <em>"company adjusted for bad debt expense"</em>
This means<u> it debit this account as much as it needed to be</u> to make allowance match the estimate allowance.
The write-off are transaction durign the period. They are irrelevant
So the ending balance is:
<em>2.5% of credit sales of 820,000 = $20,500</em>
It is important to remember that <u>Allowance is a counter-asset account</u>. His <em>normal balance is credit</em>, so the<u> final balance is credit.</u>
Foreign markets. because the cycle still depends on it
Answer:
it depends on the job but it is a Anesthesiologists
Answer:
235,000 total overhead
Explanation:
First we calculate the rate for activity
![\left[\begin{array}{cccc}&Cost&Pool&Rate\\Setups&60,000&24,000&2.5\\Inspections&120,000&24,000&5\\Assembly&280,000&28,000&10\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7D%26Cost%26Pool%26Rate%5C%5CSetups%2660%2C000%2624%2C000%262.5%5C%5CInspections%26120%2C000%2624%2C000%265%5C%5CAssembly%26280%2C000%2628%2C000%2610%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Next, we apply this rate to desk lamp
![\left[\begin{array}{cccc}&Rate&Desk&Overhead\\Setups&2.5&16,000&40,000\\Inspections&5&15,000&75,000\\Assembly&10&12,000&120,000\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7D%26Rate%26Desk%26Overhead%5C%5CSetups%262.5%2616%2C000%2640%2C000%5C%5CInspections%265%2615%2C000%2675%2C000%5C%5CAssembly%2610%2612%2C000%26120%2C000%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Total Overhead will be the sum of each activity overhead
40,000.00 + 75,000.00 + 120,000.00 = 235,000 total overhead
