On March 31, 2021, the Herzog Company purchased a factory complete with vehicles and equipment. The allocation of the total purchase price of $1,070,000 to the various types of assets along with estimated useful lives and residual values are as follows:

Asset Cost Estimated Residual Value Estimated Useful Life in Years
Land $100,000 - -
Building 500,000 0 25
Machinery 240,000 10% of cost 8
Equipment 160,000 13,000 6
Total $1,000,000

On June 29, 2014, machinery included in the March 31, 2013 purchase that cost $100,000, was sold for $80,000. Herzog uses the straight-line depreciation method for buildings and machinery and the sum-of-the-years'-digits method for equipment. Partial-year depreciation is calculated based on the number of months an asset is in service.

Required:

1. Compute the depreciation expense on the building, machinery and equipment for 2013.
2. Prepare the journal entry to record the depreciation on the machinery sold on June 29, 2014 and the sale of machinery.
3. Compute the depreciation expense on the building, remaining machinery and equipment for 2014.

Henry crouch's law office has traditionally ordered ink refills 7070 units at a time. the firm estimates that carrying cost is 4545% of the $1212 unit cost and that annual demand is about 245245 units per year. the assumptions of the basic eoq model are thought to apply. for what value of ordering cost would its action be optimal? a) for what value of ordering cost would its action be optimal? its action would be optimal given an ordering cost of $nothing per order (round your response to two decimal place

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Suppose that a firm is considering moving from a batch process to an assembly-line process to better meet evolving market needs. what concerns might the following functions have about this proposed process change: marketing, finance, human resources, accounting, and information systems?