Company XYZ bought a machine that helps them produce widgets. The machine cost $30,000 and is expected to last 10 years. Its "salvage value" (the amount the machine is worth after 10 years of use) is $3,000. What will be the asset's annual depreciation?
Q: Calculate the gross profit
A: Step 1: Introduction to income statementIncome statement is referred to as the financial statement…
Q: What is the expected average rate of return on financial accounting question?
A: Step 1: Definition of Average Rate of Return (ARR)The Average Rate of Return (ARR) is a financial…
Q: provide correct answer
A: Step 1: Definition of Contribution Margin and Operating IncomeThe contribution margin is the…
Q: What is the value of the ending inventory
A: Concept of Full CostingFull costing, also known as absorption costing, is a method of inventory…
Q: hello tutor please help me
A: Step 1: Definition of Total Cost of a New Office BuildingThe total cost of a new office building…
Q: None
A: Net Income = Return on Assets * Total AssetsNet Income = 12%*5,200,000Net Income = $624,000 Total…
Q: please solve this problem answer
A: a. Gross Profit CalculationGross profit is calculated as:Gross Profit=Sales Revenue−Cost of Goods…
Q: I want to this question answer general Accounting
A: Step 1: Define Net IncomeNet income is the profit a company earns after all expenses—including…
Q: Do fast answer of this general accounting question
A: Step 1: Definition of Book Value of LiabilityThe book value of a liability represents the net amount…
Q: What is the average collection period for accounts receivable in days on these general accounting…
A: Step 1: Define Average Collection PeriodThe Average Collection Period measures how many days, on…
Q: 4 POINT
A: Step 1: Use the Discount FormulaThe discount on a note is calculated using the formula:…
Q: provide correct answer
A: Step 1:First calculate the average accounts receivable: Average accounts receivable = (Beginning…
Q: ??!!!
A: Explanation of Total Cost of Work in Process (WIP):The Total Cost of Work in Process (WIP)…
Q: hello tutor please help me correct answer
A: Step 1: Analysis of information givenProfit = $30,000Variable cost per unit = $99Fixed costs =…
Q: Answer✅
A: 1. What distinguishes integrated control frameworks from isolated checks? Answer:(a) Systematic…
Q: Answer? ? Financial accounting question
A: Step 1: Define Receivables Turnover RatioThe Receivables Turnover Ratio measures how efficiently a…
Q: Hey tutor please answer the financial accounting question
A: Step 1: Definition of Net New Stock IssuesNet New Stock Issues refer to the portion of a company's…
Q: Give solution
A: 1. Marginal income per unit is the contribution margin per unit.Marginal income per unit = Selling…
Q: can you help me with account
A: Step 1: Definition of Variance AnalysisVariance analysis is a financial tool used to measure the…
Q: Subject: financial accounting
A: Step 1: Define Net IncomeNet income is the excess of revenues over expenses for a given period.…
Q: The cost base using the absorption-cost approach is
A: Concept of Absorption CostingAbsorption costing is a cost accounting method where all manufacturing…
Q: Please help financial question solve
A: Key Financials:Total Assets: $2,800,000Total Liabilities: $1,100,000Equity (Calculated as Assets -…
Q: expert of general account answer
A: Step 1: Definition of Degree of Operating Leverage (DOL)The degree of operating leverage (DOL) is a…
Q: Subject general accounting
A: Explanation of Return on Assets (ROA):The Return on Assets (ROA) is a financial metric that measures…
Q: Don't want AI answer
A: Step 1: Points Highest point = March - $4,500,000 at 50,000 unitsLowest point = January - $2,500,000…
Q: Determine the asset turnover for all three companies
A: Explanation of Asset Turnover Ratio:The Asset Turnover Ratio is a financial metric that measures how…
Q: Don't use ai given answer accounting questions
A: Step 1: Definition of Profit MarginProfit margin is a financial metric that measures the percentage…
Q: Accurate answer
A: Net Sales is the actual revenue a company earns from sales after deducting sales-related reductions…
Q: Remo Corp's
A: Percentage Capital Gain Calculation The **capital gain percentage** is calculated using the formula:…
Q: Solve this
A: :
Q: Sunderland Company has budgeted total factory overhead for the year at $520,000, divided into two…
A: Explanation of Factory Overhead:Factory overhead refers to all indirect costs incurred in the…
Q: Please solve this problem general Accounting
A: Step 1: Define Gross ProfitGross Profit is the difference between the selling price of a product and…
Q: hello tutor please help me answer
A: Step 1: Definition of Degree of Operating Leverage (DOL)Degree of Operating Leverage (DOL) measures…
Q: I want A B answer general accounting question
A: Step 1:A. The direct material price variance is calculated as follows: Direct material price…
Q: ???
A: Question 1: Cross-Dimensional Analysis vs. Single-Focus ReviewCorrect Answer: a) Interrelated…
Q: The cash proceeds to Charleston co.
A: Calculation of Cash Proceeds from the Discounted NoteThe formula for calculating the **discount…
Q: MCQ
A: Explanation of Interest on a Note Payable:The Interest on a Note Payable is the cost incurred by a…
Q: What must be the expected return on this stock for financial accounting question?
A: The expected return on the stock can be calculated using the Capital Asset Pricing Model (CAPM):…
Q: Manac ltd
A: Step 1: Materials price variance Materials price variance = Actual material cost - (Standard price x…
Q: Get correct answer general accounting question
A: Step 1:First calculate the total cost per pair of skies: Cost per pair of skies = Direct material…
Q: Hy expert please help me this question solution
A: Step 1: Definition of Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) refers to the direct costs…
Q: help me to solve this questions
A:
Q: How much gross profit
A: To determine the required gross profit, we use the gross profit formula: Gross Profit=Net…
Q: hello tutor please help me answer
A: Given:Shares = 80,000Total stockholder equity = $22,750,000Par value = $100Issue price = $102.5 1.…
Q: Assets Liabilities Earth 302,376.77 ΚΕΦΑΛΑΙΟ / CAPITAL 565,500.00 Machinery…
A: The balance sheet provided gives us a snapshot of the company's financial position. It lists the…
Q: Kindly help me with accounting questions
A: Step 1:The return on investment shows the relationship between the net operating income and…
Q: Give me solution with calculation step by step
A: Step 1: Definition of Standard Quantity, Price Variance, and Usage VarianceStandard Quantity Allowed…
Q: Get accurate answer this financial accounting question
A: Step 1: Definition of Residual Dividend Policy Residual Dividend Policy is a method where dividends…
Q: Need help with this question solution general accounting
A: Step 1: Definition of Credit SalesCredit Sales refer to sales where the payment is deferred and…
Q: MetroTech Solution
A: Step 1:The new time-tracking system does not affect the cost calculation so, the Total Cost can be…
can you please solve this
Step by step
Solved in 2 steps
- What will be the assets annual depreciation?AnsYour plant manager wants you to buy a new lathe for $410000. The lathe should be useful to your company for 8 years at which point you plan to replace. The estimated salvage value at the end of the useful life is $20000. Using straight line depreciation what is the Book value when the asset is sold?
- A manufacturing company is considering investing in a new machine that costs $50,000. The machine is expected to have a useful life of 5 years. The company estimates that the salvage value of the machine at the end of its useful life will be $10,000. If the company uses straight-line depreciation, what will be the capitalized cost of the machine? A) $7,000 B) $7,500 C) $8,000 D) $8,500A machine now in use, which was bought five years ago for $4,000, has been fully depreciated. It can be sold for $2,500 but could be used for three more years (remaining useful life), at the end of which time it would have no salvage value. The annual operating and maintenance costs for the old machine amount to $10,000. If you decide to retain the old machine for now, what will be the opportunity cost for gains taxed at 25%?The XYZ company is thinking about upgrading their 5-year-old machine with a new one. The machine was initially purchased for $50,000, with a projected lifespan of 10 years. The operation and maintenance cost of the old machine began at $500 in year 1 and has increased by $100 each year. This is predicted to continue until the end of the machine's useful life. The estimated salvage value if sold now is $15,000, or $10,000 at the end of year 10. The current yearly revenue with this machine is $15000The new machine will initially be purchased for $60,000 with a lifespan of 8 years. The first year's operating and maintenance cost will be $1500 due to installation, will be to $500 in the second year, then increase by $50 per year until the end of useful life. The yearly revenue is estimated at $17000 for the new machine, with a salvage value of $15000 at the end of 8 years. Both machines are depreciable with CCA (30%), MARR is 20%, and the tax rate is 40%. Should the XYZ company replace the…
- ← Daily Enterprises is purchasing a $10.5 million machine. It will cost $55,000 to transport and install the machine. The machine has a depreciable life of five years and will have no salvage value. If Daily uses straight-line depreciation, what are the depreciation expenses associated with this machine? The yearly depreciation expenses are $. (Round to the nearest dollar.)Daily Enterprises is purchasing a $10.0 million machine. It will cost $50,000 to transport and install the machine. The machine has a depreciable life of five years and will have no salvage value. If Daily uses straight-line depreciation, what are the depreciation expenses associated with this machine? The yearly depreciation expenses are $ (Round to the nearest dollar.)The great tech company is considering replacing one of its machines with a more efficient one. The old machine has a book value of $60,000 and a remaining useful life of 5 years. It can sell the old machine now for $ 265,000. The old machine is being depreciated by 120,000 per year straight line. The new machine has a purchase price of $ 1,175,000 an estimated useful life and 5 years MACRS class life and salvage value of $145,000. Annual economic savings is $255,000 if new machine is installed. Taxes 35% and WACC is 12. Calculate the NPV and IRR of the project and make a decision on accepting the project and why? If expected life of existing machine decreased what effect does this have on the cash flow, discuss only? No calculations needed, just discuss.
- Daily Enterprises is purchasing a $9.6 million machine. It will cost $46,000 to transport and install the machine. The machine has a depreciable life of five years and will have no salvage value. If Daily uses straight-line depreciation, what are the depreciation expenses associated with this machine? The yearly depreciation expenses are $___________ (Round to the nearest dollar.)A robotics firm decides to install the latest computer server at a cost of $2 million which is going to increase its computational capacity. The installation cost is $200,000. The firm decides to use the server for the next eight years and then sell it at a price of $200,000. Using a straight line method, what will be the annual depreciation amount?Which values am I supposed to use for the depreciation?