The cost of equipment purchased by Concord, Inc., on June 1, 2020, is $98,700. It is estimated that the machine will have a $6,300 salvage value at the end of its service life. Its service life is estimated at 7 years, its total working hours are estimated at 46,200, and its total production is estimated at 616,000 units. During 2020, the machine was operated 6,360 hours and produced 58,300 units. During 2021, the machine was operated 5,830 hours and produced 50,800 units. Compute depreciation expense on the machine for the year ending December 31, 2020, and the year ending December 31, 2021, using the following methods.
Answers: 1
Business, 22.06.2019 10:00
mary's baskets company expects to manufacture and sell 30,000 baskets in 2019 for $5 each. there are 4,000 baskets in beginning finished goods inventory with target ending inventory of 4,000 baskets. the company keeps no work-in-process inventory. what amount of sales revenue will be reported on the 2019 budgeted income statement?
Answers: 2
Business, 22.06.2019 14:40
Which of the following statements about revision is most accurate? (a) you must compose first drafts quickly (sprint writing) and return later for editing. (b) careful writers always revise as they write. (c) revision is required for only long and complex business documents. (d) some business writers prefer to compose first drafts quickly and revise later; others prefer to revise as they go.
Answers: 3
Business, 22.06.2019 17:00
Dan wants to start a supermarket in his hometown, and wants to get into the business only after finding out about the market and how successful his business might be. the best way for dan to gain knowledge is to:
Answers: 2
The cost of equipment purchased by Concord, Inc., on June 1, 2020, is $98,700. It is estimated that...
Mathematics, 04.02.2021 23:00
English, 04.02.2021 23:00
Mathematics, 04.02.2021 23:00
Social Studies, 04.02.2021 23:00
English, 04.02.2021 23:00
Mathematics, 04.02.2021 23:00
Mathematics, 04.02.2021 23:00
Mathematics, 04.02.2021 23:00
Mathematics, 04.02.2021 23:00
Arts, 04.02.2021 23:00
Physics, 04.02.2021 23:00
Mathematics, 04.02.2021 23:00