Problem 11-11 (Part Level Submission)On January 1, 2015, a machine was purchased for $101,700. The machine has an estimated salvage value of $6,780 and an estimated useful life of 5 years. The machine can operate for 113,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2015, 22,600 hrs; 2016, 28,250 hrs; 2017, 16,950 hrs; 2018, 33,900 hrs; and 2019, 11,300 hrs.(a)Compute the annual depreciation charges over the machine’s life assuming a December 31 year-end for each of the following depreciation methods. 1. Straight-line method 2. Activity Method 3. Sum of the years digits Method 4. Double Declining Balance Method (Round answers to 0 decimal places, e. g. 45,892.)(b)Assume a fiscal year-end of September 30. Compute the annual depreciation charges over the assets life applying each of the following methods. 1. Straight line Method 2. Sum of the years digits Method 3. Double Declining Method
Answers: 2
Another question on Business
Business, 21.06.2019 15:30
Historically, 12 percent of a mail-order firm's repeat charge-account customers have an incorrect current address in the firm's computer database. the number of customers out of 19 who have an incorrect address in the database is a binomial random variable with n = 19 and 2formula36.mml = 0.12.
Answers: 2
Business, 22.06.2019 05:50
Nichols inc. manufactures remote controls. currently the company uses a plantminuswide rate for allocating manufacturing overhead. the plant manager is considering switchingminusover to abc costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows: activities cost driver allocation rate material handling number of parts $5 per part assembly labor hours $20 per hour inspection time at inspection station $10 per minute the current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour. what are the indirect manufacturing costs per remote control assuming an method is used and a batch of 10 remote controls are produced? the batch requires 100 parts, 5 direct manufacturing labor hours, and 3 minutes of inspection time.
Answers: 2
Business, 22.06.2019 17:30
Four students are at an extracurricular activity fair at their high school and are trying to decide which clubs to join. some information about the students is listed in this chart: which describes which ctso each student should join?
Answers: 1
Business, 22.06.2019 18:00
Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan
Answers: 2
You know the right answer?
Problem 11-11 (Part Level Submission)On January 1, 2015, a machine was purchased for $101,700. The m...
Questions
Mathematics, 13.10.2019 21:30
Mathematics, 13.10.2019 21:30
History, 13.10.2019 21:30
Health, 13.10.2019 21:30
Mathematics, 13.10.2019 21:30
History, 13.10.2019 21:30
Biology, 13.10.2019 21:30
