Chapter 16, Problem 49P

Velocity Industries acquired a machine for $310,000, with a salvage value of $25,000 and a useful life of 8 years. The total expected production capacity is 450,000 units. The machine produced 45,000 units in year 1 and 38,000 units in year 2. Using the units of activity method, determine the depreciation expense for year 2.

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A company has a total cost of $50.00 per unit at a volume of 100,000 units. The variable cost per unit is $20.00. What would the price be if the company expected a volume of 120,000 units and used a markup of 50%?

Please provide correct answer this financial accounting question not use chatgpt please don't

A business has $210,000total liabilities. At start-up, the owners invested $500,000 in the business. Unfortunately, the business has suffered a cumulative loss of $200,000 up to the present time. What is the amount of its total assets at the present time?

Net change in working capital is

When a company receives cash in advance from a customer for services to be provided in the future, which account is credited?a) Accounts Receivableb) Cashc) Unearned Revenued) Revenue

If you give me wrong answer this accounting question I will give you unhelpful rate

Company X sets price equal to cost plus 60%. Recently , Company X charged a customer a price of $42 for an item. What was the cost of the item to Company X?