subject
Business, 12.03.2021 15:10 Jasten

At the beginning of the year, Oakmont Company bought three used machines from American Manufacturing, Inc. The machines immediately were overhauled, were installed, and started operating. Because the machines were different, each was recorded separately in the accounts. Machine AMachine BMachine C Amount paid for asset$20,700 $11,200 $10,900 Installation costs 850 1,000 300 Renovation costs prior to use 650 800 700 Repairs after production began 520 2,000 580 By the end of the first year, each machine had been operating 4,000 hours. Required: Compute the cost of each machine. Prepare the journal entry to record depreciation expense at the end of year 1, assuming the following: Estimates MachineLifeResidual ValueDepreciation Method A5years$1,600 Straight-line B20,000hours 1,600 Units-of-production C10years 1,600 Double-declining-balance

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 07:30
Which of the following is an example of an unsought good? a. cameron purchases a new bike. b. jordan buys paper towels. c. taylor buys cupcakes from her favorite bakery. d. riley buys new windshield wipers for her car.
Answers: 3
question
Business, 22.06.2019 14:30
Amethod of allocating merchandise cost that assumes the first merchandise bought was the first merchandise sold is called the a. last-in, first-out method. b. first-in, first-out method. c. specific identification method. d. average cost method.
Answers: 3
question
Business, 22.06.2019 21:10
This problem has been solved! see the answerthe xyz corporation is interested in possible differences in days worked by salaried employees in three departments in the financial area. a survey of 23 randomly chosen employees reveals the data shown below. because of the casual sampling methodology in this survey, the sample sizes are unequal. research question: are the mean annual attendance rates the same for employees in these three departments? days worked last year by 23 employees department days worked budgets (5 workers) 278 260 265 245 258 payables (10 workers) 205 270 220 240 255 217 266 239 240 228 pricing (8 workers) 240 258 233 256 233 242 244 249 picture click here for the excel data filefill in the missing data. (round your p-value to 4 decimal places, mean values to 1 decimal place and other answers to 2group mean n std. dev variancesbudgets payables pricing total one factor anova source ss df ms f p-value treatment error total
Answers: 2
question
Business, 22.06.2019 22:00
As a general rule, when accountants calculate profit they account for explicit costs but usually ignorea. certain outlays of money by the firm.b. implicit costs.c. operating costs.d. fixed costs.
Answers: 2
You know the right answer?
At the beginning of the year, Oakmont Company bought three used machines from American Manufacturing...
Questions
question
Computers and Technology, 25.09.2019 19:00
question
Computers and Technology, 25.09.2019 19:00
question
Mathematics, 25.09.2019 19:00
Questions on the website: 13722362