Business, 26.11.2019 23:31, hanchinsko12
On january 1, 2018, tyson manufacturing corporation purchased a machine for $ 40 comma 500 comma 000. tyson's management expects to use the machine for 31 comma 000 hours over the next six years. the estimated residual value of the machine at the end of the sixth year is $ 44 comma 000. the machine was used for 4 comma 000 hours in 2018 and 5 comma 000 hours in 2019. what is the depreciation expense for 2018 if the corporation uses the method of depreciation? (round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
Answers: 2
Business, 23.06.2019 14:50, ineedhelp2285
If massachusetts has a sales tax of 6 percent and new hampshire has no sales tax, how much money can be saved by buying a $1,000 television in new hampshire? $6 $16 $60 $600
Answers: 1
Business, 23.06.2019 17:30, nourmaali
The ledger of laurie rental agency on march 31 of the current year includes the following selected accounts before adjusting entries have been prepared. debit credit prepaid insurance $ 5,400 supplies $ 4,500 equipment 40,000 accumulated depreciation—equipment $12,600 notes payable 25,000 unearned rent revenue 11,100 rent revenue 90,000 interest expense –0– salaries and wages expense 20,000 an analysis of the accounts shows the following. 1. the equipment depreciates $600 per month. 2. two-thirds of the unearned rent revenue was earned during the quarter. 3. the note payable is dated january 1 and bears 12% interest. 4. supplies on hand total $800. 5. the insurance policy is a two-year policy dated january 1. instructions: a. prepare the adjusting entries at march 31, assuming that adjusting entries are made quarterly. additional accounts are: depreciation expense, insurance expense, interest payable, and supplies expense. b. compute the ending balances for prepaid insurance, unearned rent revenue, and rent revenue, and indicate in which financial statement those items will be reported.
Answers: 1
On january 1, 2018, tyson manufacturing corporation purchased a machine for $ 40 comma 500 comma 000...
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