Business, 02.08.2019 19:30 alexabbarker9781

Equipment purchased at the beginning of the fiscal year for $360,000 is expected to have a useful life of 5 years, or 14,000 operating hours, and a residual value of $10,000. compute the depreciation for the first and second years of use by each of the following methods: (a) straight-line (b) units-of-output (1,200 hours first year; 2,250 hours second year) (c) double-declining-balance

Answers: 1

Show answers

Answers

Answer from: elena1057

For (A) year 1 and year 2 is $70,000 respectively.

For (B) year 1 is $30,000 and year 2 is $56,250

For (C) year 1 is $140,000 and year 2 is $84,000 respectively.

Explanation:

Straight Line method : In straight line method, the amount of depreciation is remain same over a useful life.

Units of output: In this method, the depreciation is charged based on the material output or labor output rather than useful life.

Double Declining method : In this method, the depreciation is charged double on the amount which is come from straight line method.

(a). Straight Line method Formula :

= (Purchase price - Residual value ) ÷ Useful life

= ($360,000 - $10,000) ÷ 5

= $70,000

Since in straight line method, the depreciation amount is same for all years. So, for year 1 and for year 2 the depreciation is $70,000 respectively.

(b). Unit of output Formula

= (Purchase price - Residual Hours) ÷ total number of hours × Per year Hours )

For year 1 = ($360,000 -10,000 ) ÷ 14000 × 1200

= $30,000

For year 2 = ($360,000 -10,000 ) ÷ 14000 × 2250

= $56,250

For year 1 = 2 × year 1 straight line method depreciation

= 2 × 70,000

= $140,000

For year 2 = 2 × (cost of asset - residual value - year 1 double declining method depreciation) × Rate

= 2 × ($350,000 - 10,000 - 140,000 ) × 40%

=$84000

where rate = (1 ÷ useful life) × 100 × 2 = (1 ÷ 5)× 100×2 = 40%

Hence, for (A) year 1 and year 2 is $70,000 respectively.

For (B) year 1 is $30,000 and year 2 is $56,250

For (C) year 1 is $140,000 and year 2 is $84,000 respectively.

Answer from: Quest

answer: b) the us is the leading importer but not the leading exporter.

extra info:

the u.s is the largest importer but it is not the largest exporter as china sits on the top of the table when it comes to leading exporters.

but u.s is not far from first,

they rank in 2nd globally as the worlds largest exporter.

happy to

pls mark as brainliest

Answer from: Quest

the answer is d

brainliest! ?

Another question on Business

Business, 21.06.2019 21:00

The market price of cheeseburgers in a college town increased recently, and the students in an economics class are debating the cause of the price increase. some students suggest that the price increased because the price of beef, an important ingredient for making cheeseburgers, has increased. other students attribute the increase in the price of cheeseburgers to a recent increase in college student enrollment.1. the first group of students thinks the increase in the price of cheeseburgers is due to the fact that the price of beef, an important ingredient for making cheeseburgers, has increased. (what happened to demand and supply, shift to the right or left)2. the second group of students attributes the increase in the price of cheeseburgers to the increase in college student enrollment. (what happens to demand and supply, shift to the right or left)3. suppose that both of the events you analyzed above are partly responsible for the increase in the price of cheeseburgers. based on your analysis of the explanations offered by the two groups of students, how would you figure out which of the possible causes was the dominant cause of the increase in the price of cheeseburgers? (choose a, b,c, or d)a)if the price increase was small, then the supply shift in the market for cheeseburgers must have been larger than the demand shift.b)if the equilibrium quantity of cheeseburgers decreases, then the demand shift in the market for cheeseburgers must have been larger than the supply shift.c)if the equilibrium quantity of cheeseburgers decreases, then the supply shift in the market for cheeseburgers must have been larger than the demand shift.d)whichever change occurred first must have been the primary cause of the change in the price of cheeseburgers.

Answers: 2

Answer

Business, 22.06.2019 05:00

Xie company identified the following activities, costs, and activity drivers for 2017. the company manufactures two types of go-karts: deluxe and basic. activity expected costs expected activity handling materials $ 625,000 100,000 parts inspecting product 900,000 1,500 batches processing purchase orders 105,000 700 orders paying suppliers 175,000 500 invoices insuring the factory 300,000 40,000 square feet designing packaging 75,000 2 models required: 1. compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. 2. in january 2017, the deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. assign overhead costs to each model using the single plantwide overhead rate.

Answers: 3

Answer

Business, 22.06.2019 11:10

The green fiddle has declared a $5 per share dividend. suppose capital gains are not taxed, but dividends are taxed at 15 percent. new irs regulations require that taxes be withheld at the time the dividend is paid. green fiddle stock sells for $71.50 per share, and the stock is about to go ex-dividend. what will the ex-dividend price be?

Answers: 2

Answer

Business, 22.06.2019 21:50

Search engines generate revenue through pay-per-click (each time a user clicks a link to a retailer’s website); pay-per-call (each time a user clicks a link that takes the user to an online agent waiting for a call); or pay-per-conversion (each time a website visitor is converted to a customer)

Answers: 3

Answer

You know the right answer?

Equipment purchased at the beginning of the fiscal year for $360,000 is expected to have a useful li...

Questions