Prepare a complete depreciation table under 1) Straight line 2) 200 percent declining balance 3) 150 percent declining balance with a switch to straight line when it will maximize depreciation.

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Answer 1

Question

Chapter 9, Problem 4E

a)

To determine

Prepare a complete depreciation table under

1) Straight line

2) 200 percent declining balance

3) 150 percent declining balance with a switch to straight line when it will maximize depreciation.

b)

To determine

Comment on significant differences or similarities among the patterns of depreciation expense recognized under each of these methods.

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GENERAL ACCOUNT

Algers Company produces dry fertilizer. At the beginning of the year, Algers had the following standard cost sheet: Direct materials (5 lbs. @ $2.60) $ 13.00 Direct labor (0.75 hr. @ $18.00) 13.50 Fixed overhead (0.75 hr. @ $4.00) 3.00 Variable overhead (0.75 hr. @ $3.00) 2.25 Standard cost per unit $ 31.75 Algers computes its overhead rates using practical volume, which is 54,000 units. The actual results for the year are as follows: Units produced 53,000 Direct materials purchased 275,000 pounds at $2.50 per pound Direct materials used 270,200 pounds Direct labor Fixed overhead Variable overhead 40,100 hours at $17.95 per hour $ 1,61,600 $1,21,900 Compute the price variance for direct materials.

Algers Company produces dry fertilizer. Compute the usage variance for direct materials. At the beginning of the year, Algers had the following standard cost sheet: Direct materials (5 lbs. @ $2.60) $ 13.00 Direct labor (0.75 hr. @ $18.00) 13.50 Fixed overhead (0.75 hr. @ $4.00) 3.00 Variable overhead (0.75 hr. @ $3.00) 2.25 Standard cost per unit $ 31.75 Algers computes its overhead rates using practical volume, which is 54,000 units. The actual results for the year are as follows: Units produced 53,000 Direct materials purchased 275,000 pounds at $2.50 per pound Direct materials used 270,200 pounds Direct labor 40,100 hours at $17.95 per hour Fixed overhead Variable overhead $1,61,600 $1,21,900

Answer 2

Question

Chapter 9, Problem 4E

a)

To determine

Prepare a complete depreciation table under

1) Straight line

2) 200 percent declining balance

3) 150 percent declining balance with a switch to straight line when it will maximize depreciation.

b)

To determine

Comment on significant differences or similarities among the patterns of depreciation expense recognized under each of these methods.

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Answer 3

Question

Chapter 9, Problem 4E

a)

To determine

Prepare a complete depreciation table under

1) Straight line

2) 200 percent declining balance

3) 150 percent declining balance with a switch to straight line when it will maximize depreciation.

b)

To determine

Comment on significant differences or similarities among the patterns of depreciation expense recognized under each of these methods.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 9, Problem 4E

a)

To determine

Prepare a complete depreciation table under

1) Straight line

2) 200 percent declining balance

3) 150 percent declining balance with a switch to straight line when it will maximize depreciation.

b)

To determine

Comment on significant differences or similarities among the patterns of depreciation expense recognized under each of these methods.

Expert Solution & Answer

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Answer 5

Chapter 9, Problem 4E

a)

To determine

Prepare a complete depreciation table under

1) Straight line

2) 200 percent declining balance

3) 150 percent declining balance with a switch to straight line when it will maximize depreciation.

b)

To determine

Comment on significant differences or similarities among the patterns of depreciation expense recognized under each of these methods.

Answer 6

Chapter 9, Problem 4E

a)

To determine

Prepare a complete depreciation table under

1) Straight line

2) 200 percent declining balance

3) 150 percent declining balance with a switch to straight line when it will maximize depreciation.

Answer 7

Chapter 9, Problem 4E

a)

To determine

Prepare a complete depreciation table under

1) Straight line

2) 200 percent declining balance

3) 150 percent declining balance with a switch to straight line when it will maximize depreciation.

Answer 8

b)

To determine

Comment on significant differences or similarities among the patterns of depreciation expense recognized under each of these methods.

Answer 9

b)

To determine

Comment on significant differences or similarities among the patterns of depreciation expense recognized under each of these methods.

Answer 10

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Answer 11

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Answer 12

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Answer 13

Ch. 9 - Prob. 1STQ Ch. 9 - 2. Which of the following statements is (are)...Ch. 9 - 3. On April 1 of the preceding (first) year,...Ch. 9 - 4. Evergreen Mfg. is a rapidly growing company...Ch. 9 - 5. Ladd Company sold a plant asset that originally...Ch. 9 - Prob. 6STQ Ch. 9 - 1. Coca-Cola’s distinctive trademark is more...Ch. 9 - 2. Identify the basic “accountable events” in the...Ch. 9 - Prob. 3DQ Ch. 9 - 4. What is the distinction between a capital...

Prepare a complete depreciation table under 1) Straight line 2) 200 percent declining balance 3) 150 percent declining balance with a switch to straight line when it will maximize depreciation.

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Prepare a complete depreciation table under

1) Straight line

2) 200 percent declining balance

3) 150 percent declining balance with a switch to straight line when it will maximize depreciation.

Comment on significant differences or similarities among the patterns of depreciation expense recognized under each of these methods.

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