Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Sarasota Manufacturing purchased a machine on January 1, 2020 for use in its factory. Sarasota paid $536,000 for the machine and estimated that it had a useful life of 10 years, at the end of which time the machine was expected to have a residual value of $30,000. During its life, the machine was expected to produce 440,000 units. During 2020, the machine produced 47,400 units, and produced 67,800 in 2021. The machine was subject to a 20% CCA rate, and Sarasota's year-end was December 31.
Required -
1. Calculate the annual depreciation amount for 2020 and 2021 under the straight-line method.
2. Calculate the annual depreciation amount for 2020 and 2021 under the activity method.
3. Calculate the annual depreciation amount for 2020 and 2021 under the double-declining balance method.
4. Calculate the annual depreciation amount for 2020 and 2021 under the capital cost allowance method.
Harold Manufacturing produces denim clothing. This year, it produced 5,240 denim jackets at a manufacturing cost of $42.00 each. Calculate incremental income
On December 31, 2014, goods in transit to customers, with terms FOB destination, amounted to $2,700 (expected delivery date January 10, 2015). Because the goods had been shipped, they were excluded from the physical inventory count.
Compute each of the following variances, showing all your work. Direct materials price variance and Direct material efficiency (quantity) variance
Jason earned 10,200 while working for Brown Company.
on april 15 hass corporation acquired land in exchange for 17500 shares of 20 par common stock with a current market
List and describe popular job finding Internet sites.
ethical code in cost amp management accountingcima has provided the following as elements of code of conduct to be
Improve control over stock ordering. A new system is required to manage this aspect of the business. The ability to order stock for the three businesses instead of individual ordering would ensure economies not being realised at the moment.
Supplies purchased on account for 36,400. Prepare, in good form, journal entries for each of the preceding transactions
Prepare a revised statement of profit or loss for Maplan Ltd for the year ended 30 June 2010 and a revised statement of financial position
On January 1, 2000, Rye Co. established a stock appreciation rights plan for its executives. Prepare a schedule that shows the amount of compensation expense
Prepare the entry to record the companys payroll tax expense, Prepare the necessary March 31 journal entry to record salaries and wages expense
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd