At the beginning of the year, Grillo Industries bought three used machines from Freeman Incorporated. The machines immediately were overhauled, were installed, and started operating. Because the machines were different, each was recorded separately in the accounts. Machine A Machine B Machine C Cost of the asset $ 9,500 $ 38,700 $ 22,500 Installation costs 800 2,600 1,700 Renovation costs prior to use 600 2,200 2,700 Repairs after production began 600 600 1,200 By the end of the first year, each machine had been operating 8,000 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 Machine Life Residual Value Depreciation Method A 5 years $ 1,500 Straight-line B 20,000 hours 1,100 Units-of-production C 10 years 1,900 Double-declining-balance
Answers: 2
Business, 22.06.2019 20:50, aberiele1998
You are bearish on telecom and decide to sell short 100 shares at the current market price of $50 per share. a. how much in cash or securities must you put into your brokerage account if the broker’s initial margin requirement is 50% of the value of the short position? b. how high can the price of the stock go before you get a margin call if the maintenance margin is 30% of the value of the short position? (input the amount as a positive value. round your answer to 2 decimal places.)
Answers: 3
Business, 23.06.2019 02:00, raprocksbob
Andrea's opportunity cost rate is 12 percent compounded annually. how much must he deposit in an account today if he wants to receive $2,100 at the beginning of each of the next seven years? use the equation method to determine the amount.
Answers: 3
Business, 23.06.2019 10:20, stormhorn5108
Is quadrilateral jklm the result of a dilation of quadrilateralabcd by a scale factor of 2? why or why not? o yes, because sides jk and ml are twice as long assides ab and dc. yes, because both figures are parallelograms, socorresponding sides are parallelno, because sides jk and ml are not twice as long assides ab and dc. no, because sides jm and kl have different slopesfrom sides ad and bc.
Answers: 1
Business, 23.06.2019 11:00, SillyEve
If quotas on sugar were eliminated in the united states, domestic production of sugar would fall. why is this a benefit in economic terms for the united states? i. resources are freed up that could be used more efficiently elsewhere. ii. it is beneficial because it allows foreign producers of sugar to earn income and thus those countries are better off. iii. u. s. consumers are able to enjoy increased consumer surplus because of the lower prices of imported sugar.
Answers: 1
At the beginning of the year, Grillo Industries bought three used machines from Freeman Incorporated...
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