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GKD Construction purchased a truck 6 years ago at a cost of $71600. Because the old truck required an overhaul of $4100 last year, and repairs of $2500 are needed in the current year, the company is now planning to purchase a new truck to replace the old one. The old truck has a trade-in value of $5400. The cost of the new truck is $82400. What amount of these costs represent sunk costs? $83600 O $71600 $81100 O $75700 SUP

Reveille, Inc., purchased Machine #204 on April 2021, and placed the machine into production on April 3, 2021. The following information is relevant to Machine #204: Price P60,000 Freight-in costs 2,500 Preparation and installation costs 3,900 Labor costs during regular production operation 10,200 Credit terms 2/10, n/30 Total productive output 138,500 units The company expects that the machine could be used for 10 years, after which the salvage value would be zero. However, Reveille, Inc., intends to use the machine only eight years, after which it expects to be able to sell it for P9,800. The invoice for Machine #204 was paid April 10, 2021. The number of units produced in 2021 and 2022 were 23,200 and 29,000, respectively. Reveille computes depreciation to the nearest whole month. Required Compute the depreciation for the years indicated, using the following methods (round your answer to the nearest peso): 2021: Units of productions 2022: Sum-of-the-years’- digits method

Required information Skip to question   [The following information applies to the questions displayed below.]   Fancy Furniture produced a batch of 2,000 coffee tables at a cost of $355,000.  It was discovered that the entire batch was finished improperly.  Fancy can sell the tables as seconds for $305,000 or spend an additional $315,000 to refinish them and sell them for $605,000.     In deciding whether to rework the tables or sell them as is, management should:

Pigs-R-Us is trying to decide whether or not to automate their meat packing process. The machine costs $200,000, has a useful life of 10 years and a salvage value of $10,000. It will require a $60,000 overhaul after 5 years of use. The machine costs $9,000 per year to operate and maintain, but it will save the company $50,000 per year in labor costs. Pigs-R-Us has asked you to evaluate the economics of this purchase and tell them what do to. If their MARR is 14%, what would you recommend? Use External Rate of Return Method.

can you please help me answer this problem... Fleet Sports purchased a production machine with a cost of $180,000 at the beginning of 2019. Transportation costs to get the machine ready were $5,000. An additional $15,000 of labor costs were incurred to assemble the machine. The equipment has an estimated life of 10 years or 100,000 snowboards (units of product). The estimated residual value is $20,000. During 2019, 17,000 snowboards (units of product) were produced with this machinery. Determine the following, and show your work: What is the depreciation expense per unit of production using the units-of-production depreciation?   What is the total depreciation expense at December 31, 2019, using units-of-production depreciation?   What journal entry is needed at the end of 2019 to record depreciation expense using straight-line depreciation?    What is the book value of the equipment at the end of 2020 using straight-line depreciation?   What is depreciation expense for the equipment…

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Rufiel Corporation purchased a new machine on JULY 1, 2020. The machine cost $40,000 and had an estimated salvage value of $4,000. (NOTE THE PURCHASE DATE IS JULY 1, 2020) Inverness estimated that the machine will have a useful life of 6 years or 100,000 units. Inverness uses the machine in its manufacturing operations and produces 20,000 units in Year 1, 33,000 units in Year 2 and 19,000 units in Year 3, 17,000 units in Year 4 and 6,000 units in Year 5 and 5,000 units in Year 6. a) Compute depreciation expense for Years 1 through 3 using the following methods: straight line units-of-production double declining balance

Rufiel Corporation purchased a new machine on JULY 1, 2020. The machine cost $40,000 and had an estimated salvage value of $4,000. (NOTE THE PURCHASE DATE IS JULY 1, 2020) Inverness estimated that the machine will have a useful life of 6 years or 100,000 units. Inverness uses the machine in its manufacturing operations and produces 20,000 units in Year 1, 33,000 units in Year 2 and 19,000 units in Year 3, 17,000 units in Year 4 and 6,000 units in Year 5 and 5,000 units in Year 6. b) Indicate what is the balance of Accumulated Depreciation at the end of each year using the Units-of-Production Method

C16Q3 Need help  The studs are sold as​ rough-cut lumber after emerging from the sawmill operation without further processing by Hoover Sawmill.​ Also, the posts require no further processing beyond the splitoff point. The decorative pieces must be planed and further sized after emerging from the sawmill. This additional processing costs $120,000 per month and normally results in a loss of​ 10% of the units entering the process. Without this planing and sizing​ process, there is still an active intermediate market for the unfinished decorative pieces in which the selling price averages $60 per unit.

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6 Franklin Moran manages the cutting department of Greene Gibson Company. He purchased a tree-cutting machine on January 1, year 2, for $430,000. The machine had an estimated useful life of 5 years and zero salvage value, and the cost to operate it is $90,000 per year. Technological developments resulted in the development of a more advanced machine available for purchase on January 1, year 3, that would allow a 35 percent reduction in operating costs. The new machine would cost $270,000 and have a 4-year useful life and zero salvage value. The current market value of the old machine on January 1, year 3, is $210,000, and its book value is $344,000 on that date. Straight-line depreciation is used for both machines. The company expects to generate $233,000 of revenue per year from the use of either machine. Required a. Recommend whether to replace the old machine on January 1, year 3. b. Prepare income statements for four years (year 3 through year 6) assuming that the old machine is…

A business purchased a delivery truck 5 years ago at a cost of $45,000. It is now planning to replace that truck with a newer one, which would cost $60,000. The old truck has a trade-in value of approximately $12,500.(a1) How much of these truck costs represent sunk costs?

On March 10, 2025, Oriole Company sold to Blue Spruce Hardware 200 tool sets at a price of $47 each (cost $30 per set) with terms of n/60, f.o.b. shipping point. Oriole allows Blue Spruce to return any unused tool sets within 60 days of purchase. Oriole estimates that (1) 10 sets will be returned, (2) the cost of recovering the products will be immaterial, and (3) the returned tools sets can be resold at a profit. On March 25, 2025, Blue Spruce returned 7 tool sets and received a credit to its account. (a) Prepare journal entries for Oriole to record (1) the sale on March 10, 2025, (2) the return on March 25, 2025, and (3) any adjusting entries required on March 31, 2025 (when Oriole prepares financial statements). Oriole believes the original estimate of returns is correct. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts. List all debit…

Heyer Appliances assembles dishwashers at its plant in Tuscaloosa, Alabama. In February 2017, 60 circulation motors that cost $110 each (from a new supplier who subsequently went bankrupt) were defective and had to be disposed of at zero net disposal value. Heyer Appliances was able to rework all 60 dishwashers by substituting new circulation motors purchased from one of its existing suppliers. Each replacement motor cost $125. Q. What other costs might Heyer Appliances include in its analysis of the total costs of rework due to the circulation motors purchased from the (now) bankrupt supplier?

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1. Rufiel Corporation purchased a new machine on January 1, 2023. The machine cost $300,000 and had an estimated salvage value of $40,000. Inverness estimated that the machine will have a useful life of 8 years or 100,000 units. Inverness uses the machine in its manufacturing operations and produces 20,000 units in Year 2023, 33,000 units in Year 2024 and 19,000 units in Year 2025, 17,000 units in Year 2026 and 6,000 units in Year 2027 and 5,000 units in Year 2027. Required: a) Compute depreciation expense for Years 2023 and 2024 using the following methods: • straight line • units-of-production • double declining balance ■ DEPRECIATION EXPENSE 2023 DOUBLE STRAIGHT- YEAR LINE METHOD UNITS OF PRODUCTION DECLINING BALANCE METHOD METHOD 2024 b) Indicate what is the balance of Accumulated Depreciation at the end of each year using the Units-of-Production Method YEARS ACCUMULATED DEPRECIATION 2023 2024 c) What is the book value at the end of 2024 using the Unit-of- Production Method?