A machine with a purchase value of 850,000 dollars and the productive life of the machine is 7 years. Calculate the annual depreciation of the machine and the book value for each year using the sum of the numbers of years of the productive life if you know that the book value of the machine at the end of its life is 150,000 dollars?
Q: The company’s building was appraised at the start of 2021. The report of the actuary indicated the…
A: Adjusting Entry: It is the entry to adjust correct amount of revenue and expenses to each…
Q: 3
A: The debt-to-income ratio (DTI) compares your monthly debt payments to your monthly income. It's the…
Q: Hume, Ltd had the following production data for August: Beginning Inventory, Raw Materials:…
A: The job costing computes the cost of jobs separately. The overheads are applied on the basis of…
Q: der the following data and determine w Domestic erating income $ 8,000,000 erage total assets…
A: The formula to calculate return on Investment is: Return on Investment = Operating Income/ Average…
Q: The following is the Balance Sheet of Lila Ltd. as on .31.12.2814. Liabilities Amount ($) Assets…
A: The term balance sheet refers to a financial statement that reports a company's assets, liabilities,…
Q: According to AASB 10/IFRS 10 Consolidated Financial Statements, a non-controlling interest is…
A: Non-controlling interest:- It is the minority interest where a shareholder owns less than 50% of the…
Q: On January 1, 2022, Smith Corp. issued 5-year 12% bonds with face amount of P5,000,000 at a price of…
A: Retirement of the bond is the process of repayment of the amount borrowed by issuing the bond.
Q: the use of "high powered" quarterly sales commissions, used by virtually every firm that sells…
A: Introduction: The curve, or degree of the curve, in the connection between borrowing costs and bond…
Q: How do your answers in parts (a) and (b) relate to the theory of constraints? Explain.
A: Introduction:- Constraints theory used to identifying the most important limiting factor that…
Q: On September 1, 2019, Eli Company purchased 35% of the outstanding ordinary shares of Long…
A:
Q: Pitino acquired 90 percent of Brey's outstanding shares on January 1, 2019, in exchange for $342,000…
A: A business combination is a transaction in which a buyer takes over control of another company (the…
Q: 3. On May 1, purchased $15 of restaurant equipment in cash. 4. Loaned $0.50 to employees for repairs…
A:
Q: Winter Sports manufactures snowboards. Its cost of making 1,700 bindings is as follows: (Click the…
A: Make cost is the cost incurred in producing the product. Buy cost is the cost of purchasing the…
Q: Corporation owns percent any's stock. On July 1, 20X4, Neptune sol e of equipment to Pluto for…
A: Consolidated financial statements give a complete picture of a company's financial health, including…
Q: How should we record the journal entry that was on question 4? We are somewhat confused regarding…
A: W.N.1 Calculation of Depreciation Expense based on Input Year Depreciable Amount…
Q: Fill in the table and made conclusions Calculation per 1 month Costs 500 700 Expected sales volume,…
A: The following working for direct cost is done;- Note 1: Total Direct Variable Cost I II III IV…
Q: Dean bought goods on credit from Easy Traders for 3600. A mark up of 20% on cost applied to these…
A: In order to earn Profit, goods are sold on Cost plus Markup.
Q: On January 1, 2022, Proton Company purchased a new machine or P2,100,000. The new machine has an…
A: The time period depreciation refers to an accounting technique used to allocate the value of a…
Q: SOP Corporation furnished you with the following information: Net income after taxes P18,000 Income…
A: Lets understand the basics. Times interest earned ratio indicates how many time EBIT is there in…
Q: Hi the volume variance portion is missing
A: A volume variance is the difference between the actual quantity sold or consumed and the budgeted…
Q: 1. In January, ordered and received new POS machines for restaurant use for which it signed a note…
A:
Q: Problem 1: On January 1, 2022, Smith Corp. issued 5-year 12% bonds with face amount of P5,000,000 at…
A: Gain or loss on the early retirement of bond will be equal to the difference between the amount paid…
Q: ABC Company uses a Materials Inventory account to record both direct and indirect materials. ABC…
A: Given, Beginning inventory = $50,000 Total material {Direct + Indirect} purchased = $90,000 Total…
Q: TRS Teleconcepts, Inc. manufactures and distributes three models of handheld devices: the Flame, the…
A: Inventory: Inventory is the raw materials used in production and available for sale. The inventory…
Q: Overhead (2 hours @ $18.50 per hour) Standard cost per unit 37 $ 101 The standard overhead rate…
A: The direct material variation is the difference between the standard cost of materials derived from…
Q: What is accounting?
A: Accounting : Accounting is the process of recording,analyzing, measuring and summarizing…
Q: 2.3 Bookkeeping systems - How do you record your cash sales and other money received in your…
A: As per rule we provide solution to the first three-subparts or one question only and you have asked…
Q: Sadie White receives an hourly rate of $30, with time and a half for all hours worked in excess of…
A: Formula used: Excess hours worked = Total hours worked - weekly working hours
Q: AN Daniel and Darnell are considering offering a doggy daycare service. After some research, Daniel…
A: As per our protocol we provide solution to one question only but as you have asked multiple…
Q: On January 2, 2019, Ulrich Co. purchased 75% of the outstanding shares of Neil Co. resulting to a…
A: A consolidated net revenue is the total income of a parent organization and its subsidiaries less…
Q: a. How much is the depletion charge in 2022? b. Assuming that of the 300,000 ounces of gold…
A: Depletion refers to the reducing in the value of natural resources of the earth from extraction of…
Q: ing pro lance Sheet showed the following position at the date of dissolution : Liabilities Assets…
A: When the Dissolution of a Partnership firm takes place all the assets are sold, all the liabilities…
Q: Hello Company had P400,000 budgeted fixed overhead costs and based its standard on normal activity…
A: The standard cost represents the estimated amount of cost whereas the actual cost is the costs…
Q: e a statement of owner's equity. Assume that there was an
A: Statement of owner's equity refers to the sum value of money invested by the owner into its…
Q: sabas company has issued abd outstanding 37000 shares of 100 par 1% preferred stock and 96000 shares…
A: The dividend is distributed first to the preference shareholders and then to the equity…
Q: Dividend policy and company value: You have just encountered two identical companies with identical…
A: A dividend policy is an important policy, it changes the valuation of a company. If a company is…
Q: If the interest rates on all bonds rise from 5 to 10 percent over the course of the year and stay at…
A:
Q: nadette Naldo has been considering investing in the bonds of ABD Industries. The bond: were issued 5…
A: Some bonds have conversion option that they can be converted into number of shares as fixed or may…
Q: One of the College of Engineering laboratories bought a machine for its purchasing value ($50000)…
A: Depreciation is an accounting technique for distributing a tangible or fixed asset's cost over its…
Q: The following are ABC’s balances for last month: sales, P2 million; variable expenses, P1.4 million;…
A: Operating leverage help in measuring the company by what degree its profit changes if there is a…
Q: Which of the following is true regarding the flow of information from the adjusted trial balance on…
A: The adjusted trial balance is prepared after making all the adjustment entries at year end.
Q: Can you help with the second part?
A: Cost of goods sold is the cost of the value of the inventory which has been sold during the period…
Q: s cannot contravene, much less overrid
A: The answer has been mentioned below.
Q: Accounts receivable Inventory Prepaid expenses Long-term investments Equipment Accumulated…
A: The cash flow statement is prepared to record the cash flow from transactions during the period. The…
Q: Shown below are units produced and total manufacturing costs for the past four months at Minda…
A: High low method: Variable cost per unit = (Highest activity cost - Lowest activity cost) / (Highest…
Q: Persistence Inc. provided the following information at year end: Share capital 15,000,0000 Share…
A: The total shareholders' equity refers to the total amount in the statement of the financial position…
Q: A company has two service departments (S1 and S2) and two production departments (P1 and P2).…
A: Here discuss about the details of the allocation of cost to the different service department and its…
Q: Prepare the trial balance as of 31st March 2021
A: Journal entries are the first entry which is made on every business transaction on the journal book…
Q: The net realizable value of account receivable at year end shall be
A: Net realizable value of accounts receivables are the net amount which has computed by the company…
Q: Q. No. 1. From the following information of Albert Company as on 31t December 2018: Noncurrent asset…
A: The statement of financial condition is another name for the balance sheet. As of the report date,…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
- (A machine with a purchase value of $850 t life of the machine is 7 years, calculate the of the machine and the book value for each of the sum of the number of years of usefu book value of the machine at the end of (150,000).the first cost of a machine is 50,000 and if has a depreciation of 4,500 per year. if the salvage value at the end of 10 years is 5000, the book value at the end of 5 years is?A certain machine has book value of P120,000 after 5 years and P80,000 after 7 years. The book value is computed using Straight Line Method. Determine the initial cost of the equipment.
- I have purchased a machine worth P1,622,721.00. And it needs maintenance at the end of every 6 months starting 5 years after its purchased date and maintenance will be needed for the next 10 years of its useful life. The maintenance cost is equivalent to the 2% of the total machine cost. How much money shoukd be prepare today to finance the requirement if the interest rate is 0,10 compounded quarterly?A company is considering purchasing a machine for $26,500. The machine will generate income of $3,400 per year. Annual depreciation expense would be $1,600. What is the payback period for the new machine? Multiple Choice 3.3 years. 5.3 years. 7.8 years. 16.6 years. 14.7 years.Consider a machine that costs $1000 to purchase. The machine creates an annual operating expense of $500 at the end of first year, which is going to increase by $50 in each year thereafter. The salvage value of this machine is $200, independent of the usage period. Find the economic life of this machine under nominal MARR 25%, compounding annually. A 8. B. 6.
- Calculate the equal, end-of-period, annual cost of a machine which costs $75000 initially and will have a $17000 salvage value after 11 years. The operating cost is $9000 at the end of year1 and amounts increasing by 8% each year. Use an interest rate of 10% per year.The data associated with operating and maintaining an asset are shown below. The company manager has already decided to keep the machine for 1 more year (i.e., until the end of year 1), but you have been asked to determine the cost of keeping it 1 more year after that. At an interest rate of 10% per year, estimate the AW of keeping the machine from year 1 to year 2. Operating Cost, $ per Year Market Value, $ 30,000 25,000 14,000 10,000 Year 0 1 2 3 -15,000 -15,000 -15,000The machine bought for P60, 000 is expected to last for 30 years. If the book value after 20 years is P20,000. How much is the depreciation each year, and the book value after 10 years.
- The 1st cost of a certain machine is P900,000.00 . After 8 years, it will have a salvage value of P 180,000.00. Compute the book value at the end of 3 years.Suppose you purchase a tangible asset with a book value of $700,000. The salvage value is $ 100,000. The useful life of the asset is 30 years. How much accumulated depreciation will there be (assume that you're using the "straight line" amortization method) after 10 years?A new machine will cost P17000 and will have an estimated salvage value of P11000 in five years. Special tools for the new machine will cost P5000 and will have a resale value of P2500 at the end of five years. Maintenance costs are estimated at P200 per yr. What will be the average annual cost of ownership during the next five years if interest is 6%?