Answer:
The accumulated depreciation at 31 December 2019 is $144000
Explanation:
When recording the purchase of a fixed asset, the asset should be recognized at cost at which the asset is purchased plus all the necessary costs that are incurred to bring the asset to the location and in the condition necessary to use as required and intended by the management.
The equipment purchased by Mather should be recorded as,
Cost of equipment = 336000 + 6000 + 30000 = $372000
The freight and installation are non recurring and necessary expenses to bring the asset to the location and in the condition for use as intended by management. So, these expenses are capitalized.
The straight line depreciation charges a constant depreciation expense every year through out the useful life of the asset.
Straight line depreciation = (Cost - Salvage Value) / estimated useful life
Straight line depreciation per year = (372000 - 12000) / 5
Straight line depreciation per year = $72000
So, the accumulated depreciation at 31 December 2019 is,
Accumulated depreciation = 72000 + 72000 = $144000
Director, National security agency chief, central security service DIRNSA/CHCSS provides CI functional services and analysis in support of international arms control agreements.
<h3>What does Director, National security agency chief, central security service DIRNSA/CHCSS do?</h3>
The highest senior member of the National Security Agency, a defense organization under the Department of Defense of the United States, is the director (DIRNSA). The chief of the Central Security Service (CHCSS) and commander of U.S. Cyber Command are both simultaneously held by the NSA director (USCYBERCOM). The officeholder reports to the under secretary of defense for intelligence as the director of the NSA and as the head of the CSC, and as the commander of U.S. Cyber Command, directly to the secretary of defense.
To learn more about NSA visit:
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Answer: The answer is JOINT TENANCY
Explanation: What is joint tenancy?
This is a legal arrangement whereby two or more people jointly own a property, in this arrangement, all owners have equal rights and obligations to the property. When one of the owners die, that owner's stake in the property goes to the surviving owners without having to pass through the court, because of the right of survivorship.
So the type ownership between Sam and Bridget above is a Joint Tenancy.
Answer:
Option B
Cost of goods reported =$ 125,000
Explanation:
<em>Overheads are charged to units produced by the means of using an estimated overhead absorption rate. This rate is computed using budgeted overhead and budgeted activity level.
</em>
As a result of this, overhead charged to total units product might be over or under absorbed compared to the actual amount incurred.
<em>The under applied overhead implies that the applied overhead is less than the actual overhead. </em>
This implies that the cost of the goods are under valued. Hence, to accurately valued them, the under applied overhead would be added to the cost of the goods.
Cost of goods reported = cost of goods + under applied overhead
= 120,000 + 5,000 = 125,000
Cost of goods reported =$ 125,000
Answer:
Shortage cost for May is $71,000
Explanation:
The expected demand for the month of May is 5000 units.
Shortages for month are carried to next month.
Shortage cost is $10 per month.
(Working days per month x hrs/day x # of workers)
20 days * 8 hours * 23 workers = 3680
Jan : 3680 - 3500 = +180
Feb : 3680 + 180 - 4500 = -640
Mar : 3680 - 640 -6000 = -2980
Apr : 3680 - 2980 -6500 = 5780
May : 3680 - 5780 -5000 = 7100
