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 - Caterpillar purchased a machine with a cash price of $315000 on January 1, 2011. It also spent $10000 for installing the machine, $20000 for testing the machine and another $20000 for oil and lubricants. It was estimated that this machine would have a useful life of 6 years and a salvage value of $15000 at that time. The straight- line method of depreciation was considered the most appropriate to use with this type of machine. Depreciation is to be recorded at the end of each year. During 2014, the company's technician reconsidered their expectations and estimated that the equipment's useful life would probably be 10 years instead of 6 years. The estimated salvage value will be reduced by $3000. During 2017, the technician realized that they were using inappropriate depreciation method and considered to use double declining balance method from now on. In 2019, they changed their estimation of salvage value to $2000.
Required - Construct a table to show the amount of depreciation should be recorded each year during the lifetime of the machine.(Answer should include all necessary calculations and columns in the table).
Walston Company produces, Should Walston accept the special order? Why or why not? What could be a reason that a special order will not be accepted
Assume that the product manager of ABC Ltd is concerned about the apparent fluctuations, Find the indirect labor costs associated with 90 machine hours
What are the three management functions that management accounting information can be used to make them become more effective?
Determine What transfer price would recommend if there was no outside market for the transferred component and assembly division had spare capacity?
What is the volume of sales at which net income would be equal regardless of whether GCQ Company sell through agents (at a 20% commission rate)
Calculate the The internal rate of return, The net present value and The cash payback period. Ayub became a baseball enthusiast at a very early age.
Firms often provide supplemental disclosures that report and discuss income figures that do not necessarily equal bottom-line net income from the income statement. Discuss the merits and shortcomings of this managerial practice.
What is the number of professional models sold at breakeven? Xeller Company makes electronic keyboards. The practice model price is $220
At Designs by Deirdre, the budgeted income statement for December, 2011, indicated sales of $600,000 and cost of sales of $400,000.
Estimate the change in the company's operating income if it increased its total sales by $20,000. Calculate the break-even level of sales in dollar.
Which is true of a company that uses absorption costing? Unit product costs can change as a result of changes in the number of units manufactured.
How many meals must the Soons serve each night to earn their target income of 75,600? Should the couple open the restaurant? Support your answer.
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