CengageNOWV21 Assignmee CengageNOW2| Onlin X+v2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker3D&takeAssignmentSessionLocator%-D&inprogress%3falseCalculatorEquipment with a cost of $154,708 has an estimated residual value of $9,391 and an estimated life of 4 years or 14,267 hours. It is to be depreciated bythe straight-line method. What is the amount of depreciation for the first full year, during which the equipment was used for 3,671 hours?Oa. $36,329.25Ob. $37,391.09Oc. $38,677.00Od. $37,430.68PreviousNext8:22 AMINAPA

Depreciation: It is the reduction in the value of an asset due to factors like wear and tear,…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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=https%253A%252F%252Flms.mheducation.com%252Fmghmiddlewar... r 13 Homework i Saved Help Save & Exit Submit Check my work Lake Corporation is considering the elimination of one of its segments. The segment incurs the following fixed costs. If the segment is eliminated, the building it uses will be sold. Advertising expense Supervisory salaries Allocation of companywide facility-level costs Original cost of building Book value of building Market value of building Maintenance costs on equipment Real estate taxes on building $140,000 300,000 130,000 220,000 100, өөө 160,000 112, 0өө 12,000 0:50 Required Determine the amount of avoidable cost associated with the segment. ces Avoidable cost o search
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
Using the mAcrs rates what is book value of $2500 computer after 1 year
* CengageNowv2 |Online teachin X +. ignment/takeAssignmentMain.do?invoker%3&takeAssignmentSessionLocator=&inprogress=false eBook Show Me How Calculator Print Item Entries for sale of fixed asset Chart of Accounts First Question Journal Instructions Equipment acquired on January 8 at a cost of S168,000 has an estimated useful life of 18 years, has an estimated residual value of $15,000, and is depreciated by the straight-line method. A. What was the book value of the equipment at December 31 the end of the fourth year? B. Assuming that the equipment was sold on April 1 of the fifth year for 5125,000, journalize the entries to record (1) depreciation for the three months until the sale date and (2) the sale of the equipment.
WBS Element Planned Value(PV) Earned Value(EV) Actual Cost(AC) 2.01 Airframe 48000 48000 50000 2.02 Engines 22000 21000 23000 2.03 Avionics 80000 60000 45000 2.04 Communications 30000 30000 30000 2.05 Tech. Manuals 42000 42000 48000 2.06 Spares 40000 35000 42000 2.07 Training 80000 80000 86000 Project Total 342000 316000 324000 Figure 14.1 Drug Surveillance Aircraft Project - Monthly Performance Report (October 31, 20XX) Consider the project performance report presented in figure 14.1. What valid conclusion can you draw regarding the project cost performance as of October 31, 20XX? Select one: a. The project is $26,000 under budget. b. The project is $8,000 over budget. c. The project is $18,000 over budget. d. The project is on budget.
d fleet01-xythos.content.blackboardcdn.com/blackboard.learn.xythos.prod/57a090368aef4/748202?X-Blackboard-Expin ision%20Making%20Assignmont decy Edits will not be automatically saved. Unsaved changes MOLI anes Calibri 三 = Problem 4 Jones Paper Company produces many colors of paper. The current popular color is grey. To increase the production of grey paper, a decision must be made to determine what color must be dropped. The following information is available to make the decision Peach Sales Variable cost 00000 00 00 00000 Allocated common fixed cost 0000 I What is the total income if all colors were produced? If Peach was dropped, what would be the effect bn Net Income? How much did Peach paper contribute to Fixed Costs? Determine the cost and the amount that will remain even if Peach is dropped. Which costs and amount will be eliminated if Peach is dropped?
TB MC Qu. 7-107 Kansas Enterprises purchased equipment for... Kansas Enterprises purchased equipment for $79,000 on January 1, 2021. The equipment is e of $7,950 at the end of ten years. Using the straight-line method, the book value at December 31, 2021, would be: Multiple Cholce $71,895. $71,050.
9 exercise #8 - Compatibility Mode – Saved to my Mac Layout References Mailings Review O Tell me View A A Aa v A - Dv A v AaBbCcDdEe AaßbCcDdEe AaBbCcD AaBbCcDa AaBbCcD AaBbCcDdEe Normal No Spacing Heading 1 Heading 2 Title Subtitle Selling Fixed Assets Jaguar Corporation purchased a machine that had an original cost of $60,000 and an estimated residual value of $10,000. The useful life was expected to be 8 years and straight-line depreciation is used. At December 31, 2006 (Jaguar's annual year-end), the book value of the machine was $35,000. Jaguar Corporation sold the machine for $32,000 cash on October 1, 2007. Required: (A) Prepare the journal entry to record depreciation expense for 2007 at Oct 1, 2007 for the machine. Round the amount to the nearest dollar. (B) Prepare the journal entry to record the sale of the machine on Oct. 1, 2007. O Focus IT English (United States) MacBook Pro A 三 I & $ % 7 4 5 3 * CO !! < CO
Cengage X Cengage X Cengage X Cengage X MindTap X MindTap x G module S ACC202 mow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress-false eBook Show Me How Depletion Earth's Treasures Mining Co. acquired mineral rights for $70,000,000. The mineral deposit is estimated at 40,000,000 tons. During the current year, 9,600,000 tons were mined and sold. a. Determine the depletion rate. If required, round your answer to two decimal places. per ton b. Determine the amount of depletion expense for the current year. c. Journalize the adjusting entry on December 31 to recognize the depletion expense. If an amount box does not require an entry, leave it blank. Dec. 31 Check My Work Previous 6:32 (? 55°F 11/27
CengageNOWv2| Online teachin X m/takeAssignment/takeAssignmentMain.do?invoker3&takeAssignmentSessionLocator=&inprogress=false ☆ 国。 Paused Calculator EPrint Item Alfredo Company purchased a new 3-0 printer for $960,000. Although this printer is expected to last for ten years, Alfredo knows the technology will become old quickly, and so they plan to replace this printer in three years. At that point, Alfredo believes it will be able to sell the printer for $10,000. Calculate yearly depreciation using the double-declining-balance method. Round final answers to nearest whole dollar amount. Year 1 Year 2 Year 3 Y Check My Work The double-declining balance uses 'double' the straight-line rate for depreciation. The 'base' that is used to apply that rate is the book value of the asset (determined by subtracting the balance in the accumulated depreciation account from the original cost of the asset). *** Previous Next Check My Work Save and Exit Submit Assignment for Grading All work saved.…
Plz don't copy answer without plagiarism please i humble request plz little different answers
CengageNOWv2| Online teachir x b d21 mnsu - Bing -2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSes.. On January 1, a company sold a machine for $5,000 that it had used for several years. The machine cost $11,000, and had accumulated depreciation of $4,500 at the time of sale. What gain or loss will be reported on the income statement for the sale of the machine for the year ended December 317 Oa. gain of $5,000 Ob. loss of $6,500 Oc. gain of $1,500 Od. loss of $1,500 11:05 AM 4/6/2021 a

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