![bladencharles8845](/avatars/12670.jpg)
bladencharles8845
06.05.2021 •
Business
Which of the following accounts would normally have a debit balance and appear in the income statement?
A. Dividends.
B. Salary expense.
C. Revenue.
D. Unearned revenue.
E. Accounts receivable.
Solved
Show answers
More tips
- S Science and Technology Why is there no gravity on other planets?...
- F Food and Cooking Deflope: What is it and how does it work?...
- B Business and Finance How to Create a Business Plan? Your Ultimate Guide...
- F Food and Cooking Unusually Delicious Shashlik - Follow the Etiquette of Proper Preparation!...
- C Computers and Internet Make Easy Accessible Screenshots on iPad in Just a Few Minutes...
- T Travel and tourism Lost in the Catacombs: What to Do?...
- F Family and Home Protect Your Home or Apartment from Pesky Ants...
- H Health and Medicine How to Treat Styes: Causes, Symptoms, and Home Remedies...
- L Legal consultation What Documents Are Required for a Russian Passport?...
- F Family and Home How to Properly Use a Water Level?...
Ответ:
the kids will have a great day at the beach fl I am so
Ответ:
a) Calculate the amount of depreciation expense that Evers should record each year of its useful life under the following assumptions. Show your workings.
(1) Straight-line method
depreciable value = $180,000 - $10,000 = $170,000 / 4 = $42,500 per year (same for each year)
(2) Double declining balance method
depreciation expense year 2014 = $180,000 x 1/4 x 2 = $90,000
depreciation expense year 2015 = $90,000 x 1/4 x 2 = $45,000
depreciation expense year 2016 = $45,000 x 1/4 x 2 = $22,500
depreciation expense year 2017 = $22,500
(3) Units-of-activity method and estimates that the useful life of machine is 125,000 units. Actual usage is as follows: 2014, 45,000 units; 2015, 35,000 units; 2016, 25,000 units; 2017, 20,000 units.
depreciation expense per unit = $170,000 / 125,000 units = $1.36
depreciation expense year 2014 = $1.36 x 45,000 = $61,200
depreciation expense year 2015 = $1.36 x 35,000 = $47,600
depreciation expense year 2016 = $1.36 x 25,000 = $34,000
depreciation expense year 2017 = $1.36 x 20,000 = $27,200
b) Which method used to calculate depreciation reports the highest amount of depreciation expense in year 1?
double declining balance
The highest in year 4?
straight line method
The highest total amount over the 4-year period?
double declining balance