Business, 25.03.2021 21:10 nicog94

Assume Organic Ice Cream Company, Inc., bought a new ice cream production kit (pasteurizer/homogenizer, cooler, aging vat, freezer, and filling machine) at the beginning of the year at a cost of $20,000. The estimated useful life was four years, and the residual value was $2,360. Assume that the estimated productive life of the machine was 9,800 hours. Actual annual usage was 3,920 hours in Year 1; 2,940 hours in Year 2; 1,960 hours in Year 3; and 980 hours in Year 4. Required:
Complete a separate depreciation schedule for each of the alternative methods.
a. Straight-line.
b. Units-of-production.
c. Double-declining-balance.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 18:10

Classifying inflows and outflows of cash classify each of the following items as an inflow (i) or an outflow (o) of cash, or as neither (n). lg 2 lg 2 item change ($) item change ($) cash +100 accounts receivable −700 accounts payable −1,000 net profits +600 notes payable +500 depreciation +100 long-term debt −2,000 repurchase of stock +600 inventory +200 cash dividends +800 fixed assets +400 sale of stock +1,000

Answers: 1

Answer

Business, 21.06.2019 18:10

Grace period is a period of time before the credit card company starts charging late fees.truefalse

Answers: 1

Answer

Business, 21.06.2019 19:30

Consider the following ethical argument. which of the three statements represents the moral statement about a moral principle? statement 1: a dealership advertised a car at a very low price, but only had a similar higher priced model in stock. statement 2: it is wrong to perform a bait and switch. statement 3: the dealership was wrong to advertise the car on special sale when in actually it was not available.

Answers: 3

Answer

Business, 22.06.2019 11:00

Which ranks these careers that employers are most likely to hire from the least to the greatest?

Answers: 2

Answer

You know the right answer?

Assume Organic Ice Cream Company, Inc., bought a new ice cream production kit (pasteurizer/homogeniz...

Questions