A machine with a cost of $65,000 has an estimated residual value of $5,000 and an estimated life of 5 years or 15,000 hours. it is to be depreciated by the units-of-production method. what is the amount of depreciation for the second full year, during which the machine was used 5,000 hours? $8,000 $12,000 $20,000 $21,667
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A machine with a cost of $65,000 has an estimated residual value of $5,000 and an estimated life of 5 years or 15,000 hours. it is to be ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Mary and her sister Amanda want to go into business together selling beauty products. They have agreed to share the risks and profits associated with their new business endeavor, what type of business ownership should they set up?
Answers (2)
Taylor bank lends guarantee company $150,000 on january 1. guarantee company signs a $150,000, 8%, 9-month note. the entry made by guarantee company on january 1 to record the proceeds and issuance of the note is
Answers (1)
In the context of the Blake/Mouton leadership grid, which of the following is a similarity between leaders using the team management leadership style and leaders using the authority-compliance leadership style? a. Both have a low concern for people.
Answers (1)
Meredith would like a job in the arts where she is self-employed. Which job would give her the best chance of working for herself? photographer actress sound engineering technician broadcast news analyst
Answers (2)
During its first year of operations, Natzke & Slates Mfg, Inc. paid $29,000 for direct material and $24,000 in wages for production workers. Rent and utility expense on the production facilities amounted to $17,000.
Answers (1)
New Questions in Business
Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $1,500 of direct materials and used $3,000 of direct labor.
Answers (1)
During January 2017 General Fund supplies ordered in the previous fiscal year and encumbered at an estimated amount of $2,000 were received at an actual cost of $2,200. The entry to record this transaction will require a debit to: A.
Answers (1)
An organization estimated that in a particular year the population of a country spent $10.4 trillion in personal consumption. The major categories of these expenditures are durable goods ($1.
Answers (1)
Extreme Protection, Inc. manufactures helmets for skiing and snowboarding. The fixed costs for one model of helmet are $7000 per month.
Answers (1)
institution ID Institution II 1. finances budget deficits. 1. loans funds to the banking system. 2. Sells newly issued government bonds. 2. It creates money out of thin air. 3. It issue money. 3. It control the money supply. 4.
Answers (1)