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
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According to the law of demand, there is an inverse relationship between price and quantity demanded. that is, the demand curve for goods and services slopes downward. why?
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Mcdonald's fast-food restaurants have a well-designed training program for all new employees. each new employee is supposed to learn how to perform standardized tasks required to maintain mcdonald's service quality. due to labor shortages in some areas, new employees begin work as soon as they are hired and do not receive any off-the-job training. this nonconformity to standards creates
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Duluth Ranch, Inc. purchased a machine on January 1, 2018. The cost of the machine was $26,000. Its...
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