On january 1, year 7, colorado corp. purchased a machine having an estimated useful life of 8 years and no salvage value. the machine was depreciated by the double-declining-balance (ddb) method for both financial statement and income tax reporting. on january 1, year 9, colorado justifiably changed to the straight-line method for both financial statement and income tax reporting. accumulated depreciation at december 31, year 8, was $525,000. if the straight-line method had been used, the accumulated depreciation at december 31, year 8, would have been $300,000. the retroactive adjustment to the accumulated depreciation account on january 1, year 9, as a result of the change in depreciation method is a. $225,000
b. $525,000
c. $300,000
d. $0
Answers: 3
Other questions on the subject: Business
Business, 22.06.2019 10:30, natajaeecarr
Jack manufacturing company had beginning work in process inventory of $8,000. during the period, jack transferred $34,000 of raw materials to work in process. labor costs amounted to $41,000 and overhead amounted to $36,000. if the ending balance in work in process inventory was $12,000, what was the amount transferred to finished goods inventory?
Answers: 2
Business, 22.06.2019 11:30, brucewayne390
Schonhardt corporation's relevant range of activity is 2,500 units to 5,500 units. when it produces and sells 4,000 units, its average costs per unit are as follows: averagecost per unitdirect materials $ 7.60direct labor $ 2.90variable manufacturing overhead $ 1.65fixed manufacturing overhead $ 2.90fixed selling expense $ 0.95fixed administrative expense $ 0.65sales commissions $ 0.75variable administrative expense $ 0.65if 4,500 units are produced, the total amount of fixed manufacturing cost incurred is closest to: multiple choicea $16,800b $11,400c $11,600d $15,400
Answers: 3
Business, 22.06.2019 19:20, josh200508
Advertisers are usually very conscious of their audience. choose an issue of a popular magazine such as time, sports illustrated, vanity fair, rolling stone, or the like. from that issue select three advertisements to analyze. try to determine the audience being appealed to in each advertisement and analyze the appeals used to persuade buyers. how might the appeals differ is the ads were designed to persuade a different audience.
Answers: 2
Business, 23.06.2019 01:00, marioshadowman12
To travelers know what to expect researchers collect the prices of commodities
Answers: 2
You know the right answer?
On january 1, year 7, colorado corp. purchased a machine having an estimated useful life of 8 years...
Questions in other subjects:
History, 08.12.2020 03:30
History, 08.12.2020 03:30
Mathematics, 08.12.2020 03:30
Social Studies, 08.12.2020 03:30
