Duluth Ranch, Inc. purchased a machine on January 1, 2018. The cost of the machine was $26,000. Its estimated residual value was $8,000 at the end of an estimated 5-year life. The company expects to produce a total of 20,000 units. The company produced 1,000 units in 2018 and 1,450 units in 2019. Required: a. Calculate depreciation expense for 2018 and 2019 using the straight-line methoo. b. Calculate the depreciation expense for 2018 and 2019 using the units-of-production method c. Calculate depreciation expense for 2018 through 2022 using the double-declining balance method
Answers: 1
Another question on Business
Business, 22.06.2019 05:30
Suppose jamal purchases a pair of running shoes online for $60. if his state has a sales tax on clothing of 6 percent, how much is he required to pay in state sales tax?
Answers: 3
Business, 22.06.2019 05:30
In most states, a licensee must provide a(n) of any existing agency relationships to all parties
Answers: 3
Business, 22.06.2019 07:00
Ireally need with these questions.6. what level of job security do athletes and sports competitors have? why do you think this is? 22. do you think a musician has more job security than an athlete? explain.37. what is the difference between a public relations specialist and a marketing professional? 47. do you think gender inequalities still exist in the sports industry? explain.50. what are the advantages and disadvantages of labor unions? do you think labor unions are fair to employers? how might they be taken advantage of?
Answers: 1
Business, 22.06.2019 13:10
Lin corporation has a single product whose selling price is $136 per unit and whose variable expense is $68 per unit. the company’s monthly fixed expense is $32,400. required: 1. calculate the unit sales needed to attain a target profit of $5,000. (do not round intermediate calculations.) 2. calculate the dollar sales needed to attain a target profit of $8,400.
Answers: 3
You know the right answer?
Duluth Ranch, Inc. purchased a machine on January 1, 2018. The cost of the machine was $26,000. Its...
Questions
Mathematics, 29.03.2020 22:09
Mathematics, 29.03.2020 22:09
Law, 29.03.2020 22:09
Mathematics, 29.03.2020 22:09
History, 29.03.2020 22:09
Mathematics, 29.03.2020 22:09
Mathematics, 29.03.2020 22:09
Mathematics, 29.03.2020 22:09
English, 29.03.2020 22:09
Mathematics, 29.03.2020 22:09
