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A diesel-powered generator with a cost of $345,000 and estimated residual value of $18,000 is expected to have a useful operating life of 75,000 hours. During July, the generator was operated 1,250 hours. Determine the depreciation for the month using the units-of-production method.
Prior to adjustment at the end of the year, the balance in Trucks is $182,600 and the balance in Accumulated Depreciation-Trucks is $74,950. Details of the subsidiary ledger are as follows:
Truck
Estimated Residual
Estimated Useful
Accumulated Depreciation at
Miles Operated
No.
Cost
Value
Life
Beginning of Year
During Year
1
$68,000
$8,000
300,000 miles
$27,000
40,000 miles
2
48,600
6,600
200,000
39,900
12,000
3
38,000
3,000
8,050
36,000
4
28,000
4,000
120,000
-
21,000
a. Determine the depreciation rates per mile and the amount to be credited to the accumulated depreciation section of each of the subsidiary accounts for the miles operated during the current year.
b. Journalize the entry to record depreciation for the year.
Using 16 percent as the minimum required rate of return, compute the residual income for each division. Which division is more successful under this rate?
Using the high- low method, separate each mixed expense into variable and fixed elements. State the cost formula for each mixed expense.
eggzonmobul incorporated uses chemical x to manufacture oil products.nbsp variance data for the month follows f
problem 1balance sheetsdecember 31 20x6nbsppeonyltd.asterltd.assetsnbspnbspcashnbspnbspnbspnbsp 62500nbspnbspnbspnbsp
Part 1: Complete the table. Part 2: Write a detail document about the various business rules and define how the described scenario works with respect to entities and their relationships.
Explain why the income statement, statement of retained earnings, and statement of cash flows would be dated for the Year Ended December 31, 2015, whereas the balance sheet would be dated at December 31, 2015.
Total budget manufacturing overhead cost must be adjusted to determine the cash disbursements for manufacturing overhead.
Try to evaluate filings before, during, and after ERP systems were implemented. Summarize your findings. How would you describe reasons for the company's revenue and net Income trend to the average personal investor
i am new to the site and i would like to try it out before i settle on this site or another tutoring site i have
Gross margin is expressed as…
Since it was shipped as of 31 st December, does this represent a sale for the year ended on that date? What additional audit steps would be taken to evaluate that the sale is valid?
An employee regularly earns $15 per hour for an 8 hour day with time and a half for overtime hours. Assuming that the employee works a 12 hour day, the total amount of overtime premium is
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