Chapter 2, Problem 2.11E

Please explain the solution to this financial accounting problem using the correct financial principles.

On March 1, 20X1, your company, which uses Units-of-Production (UOP) depreciation, purchases a machine for $300,000. You estimate the machine will have a useful life of 3,000,000 units and a residual value of $15,000. In 20X1, the machine produces 110,000 units; in 20X2, it produces 130,000 units. What is the balance in Accumulated Depreciation at the end of 20X2?

Can you explain this general accounting question using accurate calculation methods?

Account Question answer wanted.

Dylan Manufacturing had an estimated 90,000 direct labor hours, $360,000 manufacturing overhead, and 30,000 machine hours. The actual results were 91,200 direct labor hours, 32,500 machine hours, and $415,000 manufacturing overhead. Overhead is applied based on machine hours. Calculate the predetermined overhead rate. Help

Accounting problem and solution

general accounting

Charleston Co. issued a $60,000, 150-day, discounted note to Heritage Bank. The discount rate is 8%. Assuming a 360-day year, the cash proceeds to Charleston Co. are: Provide answer

provide answer plz