dbegay36

13.10.2020 • 

Business

On September 1, 2011, a company purchased a weaving machine for $239,800. The machine has an estimated useful life of 8 years and an estimated residual value of $17,800. Additionally, it is estimated that the machine would produce 740,000 bolts of woven fabric over its useful life. The company ended up selling the machine in 2018 after 1 month of use. The following budgeted and actual activity levels were provided to support your work:

Consider the above information and the below statements and select the answer choice below that shows the number of true statements. If applicable, round your intermediate calculations to 3 decimals and your final answer to the nearest $1.

1. in the year of disposal, the company will record a gain if they sell the asset for more than $17,800.
2. over the life of the asset, the company will record the same total amount of depreciation no matter if they use straight line or units-of-production.
3. the company will report more net income in 2011 under the units of production method than under straight line.
4. under US GAAP, when recording depreciation using the units-of-production method, the company should use the budgeted activity level as it will smooth the expense and avoid fluctuations in net income.

a. 0
b. 2
c. 1
d. 3
e. 4

Ответ:

daniel1480

10.12.2022

Business

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I would give excellent customer service to every customer that walks in so they will spread the word that this store has great service, this will bring in more customers that need parts. I would also recommend to the manager to market the store by offering free gifts if they spend 50 dollars or more, or give out some sort of incentives, maybe a punch card, if you get 10 punches, you can have 50% off your next order.

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