Business, 29.05.2021 01:00 jjelzy

Kaia Co. purchased a new manufacturing machine for $605,000. The machine was shipped from Europe at a cost of $11,000. Kaia also paid $7,000 in custom fees. The machine was secured to the building foundation at a cost of $2,000. It is estimated that the machine will have a $25,000 salvage value at the end of its 4-year useful service life. The maximum estimated production is 30,000: 12,000 in year one, 8,000 in year two, 6,000 in year three, and 4,000 in year four, respectively. Instructions: Compute the total cost, then using the straight line, units of activity, prepare a schedule that shows the 1) annual depreciation expense, 2) annual accumulated depreciation, and 3) net book value on the machine for each of the years in its 4-year life.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 19:40, farrellandnandi

Which of the following is false regarding the links between jit and quality? a. jit increases the cost of obtaining good quality. b. as quality improves, fewer inventory buffers are needed; in turn, jit performs better. c. jit reduces the number of potential sources of error by shrinking queues and lead times. d. inventory hides bad quality; jit immediately exposes it. e. if consistent quality exists, jit allows firms to reduce all costs associated with inventory.

Answers: 3

continue

Business, 21.06.2019 20:30, bale4

Which of the following best describes how the federal reserve bank banks during a bank run? a. the federal reserve bank regulates exchanges to prevent the demand for withdrawals from rising above the required reserve ratio. b. the federal reserve bank acts as an insurance company that pays customers if their bank fails. c. the federal reserve bank has the power to take over a private bank if customers demand too many withdrawals. d. the federal reserve bank can provide a short-term loan to banks to prevent them from running out of money. 2b2t

Answers: 2

continue

Business, 21.06.2019 22:50, nourmaali

Which of the following statements is true? a job costing system will have a separate work in process account for each of the major processes. a process costing system will have a single work in process account. a process costing system will have a separate raw materials account for each of the major processes. a process costing system will have a separate work in process account for each of the major processes.

Answers: 3

continue

Business, 22.06.2019 12:50, cece4874

Suppose the real risk-free rate and inflation rate are expected to remain at their current levels throughout the foreseeable future. consider all factors that affect the yield curve. then identify which of the following shapes that the u. s. treasury yield curve can take. check all that apply.

Answers: 2

continue

You know the right answer?

Kaia Co. purchased a new manufacturing machine for $605,000. The machine was shipped from Europe at...