<span>A scanner can be used in order to send hard-copy documents to a patient's electronic health record. A scanner is a device that digitizes documents into a format that is readable by computers.</span>
If the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2021 would be (D) $31,000.
<h3>
What is depreciation?</h3>
- Depreciation in accounting refers to two aspects of the same concept: first, the actual decrease in fair value of an asset, such as the decrease in value of factory equipment each year as it is used and worn, and second, the allocation of the original cost of the assets to periods in which the assets are used in accounting statements (depreciation with the matching principle).
- Thus, depreciation is the loss in asset value and the mechanism used to reallocate, or "write down," the cost of a tangible asset (such as equipment) throughout its usable life period.
To find If the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2021:
- Annual depreciation expense = (Cost - Salvage value) ÷ 10
- = (380,000 - 70,000) ÷ 10
- = 310,000 ÷ 10
- = $31,000
Therefore, if the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2021 would be (D) $31,000.
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The correct question is given below:
A factory machine was purchased for $380000 on January 1, 2021. It was estimated that it would have a $70000 salvage value at the end of its 5-year useful life. It was also estimated that the machine would be run 37000 hours in the 5 years. The company ran the machine for 3700 actual hours in 2021. If the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2021 would be
(A) $62000.
(B) $70000.
(C) $38000.
(D) $31000.
Answer:
Explanation:
Apr-30
Dr Felix Godwin, Capital 20,055
Dr Fees earned 381,030
Cr Wages expense 294,900
Cr Rent expense 70,800
Cr Supplies expense 26,540
Cr Miscellaneous expense 8,845
Apr-30
Dr Felix Godwin, Capital 38,000
Cr Felix Godwin, Drawing 38,000
Group of answer choices.
A. Is not warm enough to the applicants.
B. Is perceived as less credible because she is an HR specialist.
C. Does not give applicants enough information, leaving them with more questions than answers.
D. Comes off as being too professional for someone in the HR field.
E. Is not approaching the candidate with enough skepticism.
Answer:
B. Is perceived as less credible because she is an HR specialist.
Explanation:
Human resources (HR) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.
Hence, human resources managers are saddled with the responsibility of managing and improving the welfare and working conditions of the employees working in an organization.
In this scenario, Maria is well respected among her peers for her professional standards and understanding of the HR field. She noticed that when she recruits engineers for her company, they sometimes seem unresponsive to her. Thus, the most likely reason for this is because Maria is perceived as less credible because she is an HR specialist and as such is considered not to have a deep understanding of the field of engineering to recruit a qualified and experienced candidate.
Answer:
Amount to be borrowed = $21,600
Explanation:
Provided details,
Opening cash balance as on 31 March = $36,400
Add: Expected Receipts = $641,000
Less: Expected purchases = ($608,500)
Less: Cash Expenses = ($27,000)
Less: Selling and administration ($33,500)
Total balance = $8,400
Balance to be maintained = $30,000
Loan to be taken or amount to be borrowed = $30,000 - $8,400 = $21,600
