Mathematics, 05.07.2021 01:00 kohat485
In recent years, Jayme Company has purchased three machines. Because of frequent employee turnover in the accounting
department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods have
been used. Information concerning the machines is summarized in the table below.
Machine
Acquired
Salvage
Value
Cost
Useful Life
(in years)
Depreciation
Method
1
Jan. 1, 2020
$96,000
$12.000
8
Straight-line
2
July 1, 2021
85.000
10,000
5
Declining-balance
3
Nov. 1, 2021
66,000
6.000
6
Units-of-activity
For the declining balance method, Jayme Company uses the double declining rate . For the units of activity method, total machine hours are expected to be 30,000. Actual hours of use in the first 3 years were: 2021,800; 2022, 4,500; and 2023, 6,000.
Accumulated depreciation at December 31:
Machine 1 ?
Machine 2. ?
Machine 3 ?
If machine 2 was purchased april 1 instead of July 1, what would the depreciation expense for this machine in 2021? I’m 2022?
Depreciation expense:
2021: ? 2022: ?
Answers: 2
Mathematics, 21.06.2019 18:00, bvaughn6477
Clara schumann is buying bagels for her coworkers, she buys a dozen bagels priced at $5.49 a dozen. the bakery's cost for making the bagels is $2.25 per dozen. what is the markup rate based on selling price on a dozen bagels?
Answers: 1
Mathematics, 22.06.2019 02:00, divagothboi
Thirteen bowlers were asked what their score was on their last game. the scores are shown below 190,150,154,194,181,190,170,151,170 ,178,161,180 find the range of the bowlers score a.56 b.44 c.34 d.23
Answers: 1
Mathematics, 22.06.2019 02:00, lanashanabJHsbd1099
Keith runs 5 miles in 38 minutes. at the same rate, how many miles would he run in 57 minutes
Answers: 1
In recent years, Jayme Company has purchased three machines. Because of frequent employee turnover i...
Mathematics, 15.09.2020 01:01
History, 15.09.2020 01:01
History, 15.09.2020 01:01
Mathematics, 15.09.2020 01:01
Mathematics, 15.09.2020 01:01
Mathematics, 15.09.2020 01:01
Mathematics, 15.09.2020 01:01
Mathematics, 15.09.2020 01:01
Mathematics, 15.09.2020 01:01
Mathematics, 15.09.2020 01:01