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Computing Depreciation under Alternative Methods
Putty Ice Cream Company bought a new ice cream maker at the beginning of the year at a cog,/ 59,000. The estimated useful life was four years, and the residual value was $1,000. Assume that the c; mated productive life of the machine was 16,000 hours. Actual annual usage was 5,500 hours in ye: ,800 hours in year 2; 3,200 hours in year 3; and 3,500 hours in year 4.frig ttired:Complete a separate depreciation schedule for each of the alternative methods. Round your answers to the nearest dollar.
a. Straight-line.b. units-of-production (use four decimal places for the per unit output factor).c. Double-declining-balance.
If a manager wants to implement team building approach, what does he or she need to learn?
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Determine the number of grooming kits Scott must sell per show to break even.
Sherman Brothers, Inc., sold 4 million shares in its IPO, at a price of $18.50 per share. Management negotiated a fee (the underwriting spread) of 7% on this transaction.
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