Business, 09.12.2021 15:40, robloxlover1987

Marigold Corp. purchased a new machine on October 1, 2022. Compute the depreciation expense under units-of-activity for 2022, assuming machine usage was 1,670 hours. , at a cost of $116,000. The company estimated that the machine will have a salvage value of $11,000. The machine is expected to be used for 10,000 working hours during its 5-year life. Compute the depreciation expense under straight-line method for 2022. Compute the depreciation expense under declining-balance using double the straight-line rate for 2022 and 2023

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 23:00, montecillolinda

The company financial officer was interested in the average cost of pcs that had been purchased in the past six months. she took a random sample of the price of 10 computers, with the following results. $3,250, $1,127, $2,995, $3,250, $3,445, $3,449, $1,482, $6,120, $3,009, $4,000 what is the iqr?

Answers: 2

continue

Business, 22.06.2019 09:30, kingtrent81

Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $385,000; cash paid for rent, $49,000; cash paid to employees for services rendered during the year, $129,000; cash paid for utilities, $59,000. in addition, you determine that customers owed the company $69,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,900 at year-end, and the rent payment was for a two-year period.

Answers: 1

continue

Business, 22.06.2019 13:50, tinasidell1972

The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?

Answers: 2

continue

Business, 22.06.2019 20:00, kylewinfrey2638

If an investment has 35 percent more nondiversifiable risk than the market portfolio, its beta will be:

Answers: 1

continue

Do you know the correct answer?

Marigold Corp. purchased a new machine on October 1, 2022. Compute the depreciation expense under un...