Job order costing is used to achieve higher quality cost information from the assignment of overhead costs to products manufactured. Job order costing replaced the use of a predetermined overhead rate.
In business, job costing generally can be described as an accounting which tracks the costs and revenues by "job" and enables standardized reporting of profitability by job. Job costing must allow job numbers to be assigned to individual items of revenues and expenses for an accounting system to support job costing. There are several aspect of job order costing, such as direct labor, direct materials, and overhead to each production unit.
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the timing of the kickoff meeting is critical for which of the following reasons? team members must know what they are expected to complete before beginning project work. the project cannot begin unless the scoping phase is complete. the project manager needs to ensure governance processes are in place before beginning. the project manager needs time to select the best team members once the scope is done.
The timing of the kickoff meeting is critical for the project manager needs time to select the best team members once the scope is done.
What is manager ?A business manager is a supervisor who manages and oversees the team members and operations of a company or division. They make an effort to maintain the business's productivity, efficiency, and organization at all times by establishing operating plans, carrying out performance evaluations, and monitoring all daily activities.A manager is a person who oversees the distribution of resources or the coordination of personnel efforts within an organization. A manager is therefore someone who engages in management operations.Maintaining the essential quality standards for the firm is one of management's fundamental goals.To establish, implement, and sustain quality, the team members in conjunction with other departments, managers, and team members.To learn more about manager from the given link :
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mesa homes just paid a per share annual dividend of $1.50. the company is planning on paying $1.62, $1.68, $1.75, and $1.80 per share over the next four years, respectively. after that, the dividend will be a constant $2.00 per share per year. what is the market price of this stock if the market rate of return is 15 percent?
A simple fee of return is calculated by subtracting the preliminary cost of the investment from its present day value, and then dividing it by using the initial value.
To file it as a %, the result is improved by using 100.
How do you calculate price of return example?It's generally expressed as a proportion of the investment's initial cost. For example, if the modern price of an investment you sold six months in the past is $50,000, and its preliminary cost was $40,000, then the fee of return on the asset would be $10,000 (net profit) over $40,000 or 25%
Can you invest 20% return?A 20% return is possible, but it's a distinctly good sized return, so you both want to take dangers on volatile investments or spend greater time invested in safer investments.
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https://brainly.com/question/1789817#SPJ410. which of the following is the best description of special damages? a. damages which are calculated as the difference between the value of a contract and the value (if any) of the defendant's performance of the contract. b. quality of life damages in a contract case. c. easily calculated documented damages in a tort case. d. damages which are calculated based on financial losses that are caused by the defendant's breach of contract.
The best description of special damages is easily calculated documented damages in a tort case.
What are special damages contract?Special damages, often known as "consequential damages," protect against any harm brought on by a contract breach due to unique or unforeseeable circumstances. These are actual losses brought on by the breach, though not immediately and directly.The compensation you receive for intangible losses resulting from an injury, such as pain and suffering and mental anguish, is known as general damages in a personal injury case. Special damages, in contrast, cover losses that are easier to quantify, such as medical costs and missed wages.A notification of unique circumstances impacting a contract may be given to a party. If he violates the contract in such circumstances, he is responsible for both ordinary and exceptional damages.To learn more about special damages contract refer to:
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a local business group stages a series of protests against the proposed city tax on soft drinks. soon, local media are covering the protests. the local business group is an example of:
The local business group is an example of an interest aggregation. According to Almond, Powell, Dalton, and Strom, interest aggregation is the process through which the political demands of many groups and individuals are merged into policy plans.
Special interest groups known as "business interest groups" represent the interests of businesses or entire industries through associations and organisations. The National Association of Home Builders, the U.S. Chamber of Commerce, and the Better Business Bureau are a few examples (NAHB). A group of individuals without any other relationship to one another who just happen to be in the same area at the same time is known as an interest aggregation.
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use the following bond quotation: issuer symbol callable coupon maturity rating price yield walmart wmt.im no 4.875 7/8/2040 aa2 104.09 4.54 attempt 1/10 for 10 pts. part 1 what is the yield to maturity? 4 decimals attempt 1/10 for 10 pts. part 2 if the bond has a face value of $1,000, how much does it currently cost (in $, and ignoring accrued interest)? 0 decimals
The bond's current value is $1402.1.
According to the question,
Face value = 1000
Coupon rate = 4.875%
Interest paid per year = 1000*4.875%
= 48.75
Current yield = Annual coupon paid /Price
Price of bond = 1000*140.21%
= 1402.1
Current yield = 48.75/1402.1
= 3.48%
In terms of finance, when any interest payment is received by the holder of the bond from the date the bond is issued until the bond is matured. Coupons are normally described in terms of the "coupon rate", the coupon-rate is calculated by adding the sum of all coupons which is to be paid per year, and then it is divided by the face value of the bond. The various types of bonds include fixed-rate bonds, zero-coupon bonds, perpetual bonds, and more.
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the opec oil crisis in 1971 increased the us inflation rate, which led to negative effects on the trade position, and this led to a(n) blank in the value of the dollar. multiple choice question. increase
The OPEC oil crisis in 1971 increased the us inflation rate, which led to negative effects on the trade position, and this led to a decrease in the value of the dollar.
What caused OPEC crisis?When the Organization of Arab Petroleum Exporting Countries (OAPEC), led by Saudi Arabia, declared an oil embargo in October 1973, the 1973 oil crisis, also known as the first oil crisis began. The 12 nations that made up OPEC at the time ceased selling oil to the United States during the OPEC oil embargo. Gas costs skyrocketed as a result of the embargo. Prices increased by more than treble between 1973 and 1974. Stagflation resulted from the embargo. Two specific occurrences in the Middle East, the Yom-Kippur War in 1973 and the Iranian Revolution in 1979, contributed to the oil crisis of the 1970s.
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last october, a large nationwide grocery chain announced a recall on their chile lime chicken burgers, due to potential foreign material (bone) in their products. this is an example of
This is an example of Prevention cost of quality. As part of the cost of quality, prevention expenditures are incurred in order to avoid product faults. Employee training and supplier certification are typically included in the cost of prevention.
Generally speaking, Prevention defects is what leads to the biggest increases in product quality. Before operations, activities that ensure good quality and prevent poor quality products or services are planned and designed. Examples include quality improvement teams, education and training, supplier surveys, process reviews, and evaluations of new expenditures. Any business expense made with the goal of lowering the frequency of product or service errors is referred to as a prevention cost.
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sarah and louise are best friends. they like to go out and dine in trendy restaurants. sarah prefers restaurants that have good food quality and does not really care about the atmosphere. in contrast, louise cares most about the location and price, and does not care about the atmosphere or food quality. therefore, the two friends may have different ratings for the same restaurant. this is because:
Sarah prefers restaurants with good food quality and Louise cares about the location and price. Therefore, the two friends may have different ratings for the same restaurant because they view products as bundles of attributes.
A product is a bundle of attributes of functions, features, uses, location and benefits. The bundle of attributes is a mix of tangibles and intangibles and is capable of exchange and use. The attributes are different in various stages of production. The attributes of the firms or businesses are bundled together to present the overall appearance in a precise way.
The company decides which attribute must be displayed to investors, customers, or in the market. Product benefits are one of the attributes that are displayed to the customers.
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when bennett was job hunting, he focused on salaries when he researched potential companies because he had school loans to repay. this demonstrates which of the four basic rights under capitalism?
This demonstrates that Bennet was emphasizing the right to freedom of choice, which is one of the four basic rights under capitalism.
What is the right to freedom of choice?The right to freedom of choice is described as the right of an individual to allow him or her to choose his living pattern or his course of action. It is important to mention that the main requirement is that the freedom of choice must not impinge on violating the freedom of choice of other individuals.
In this scenario, Bennet is focusing his research on the companies that will provide with m more salaries. This is because he had to repay his loans and such an action is deemed as the freedom of a person to choose his course of action.
It can be concluded that this demonstrates that Bennet was emphasizing the right to freedom of choice, which is one of the four basic rights under capitalism.
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when using competitive bidding to determine prices, the purchaser should ensure that the bidders are:
When using competitive bidding to determine prices, the purchaser should ensure that the bidders are qualified to make the item or service in accordance with the buyer's specification, able to deliver it by the desired date, sufficiently reliable, and numerous enough to ensure a truly competitive price
What is competitive bidding?
The technique of requesting several suppliers to submit bids for the same material, product, or service in accordance with the needs of the company is known as competitive bidding. Companies that distribute goods or services on a broad scale typically choose this option.
What is competitive pricing?
The practice of choosing strategic price points to take advantage of a product- or service-based market in relation to competition is known as competitive pricing.
Once a price for a good or service has stabilized, competitive pricing is typically used.
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question mode multiple choice question which of the following is the correct statement about fixed costs? multiple choice question. the fixed cost per unit will increase when volume increases. the fixed cost per unit will decrease when volume decreases. the fixed cost per unit does not change when volume changes. the fixed cost per unit will decrease when volume increases.
Answer:
The fixed cost per unit will decrease when volume increases.
Explanation:
The fixed cost per unit will decrease when volume increases.
What is a fixed cost?
The costs which don't change even with an increase or decrease in the number of goods or services produced or sold are known as fixed costs.
However, the fixed cost changes with a change in the volume of production. The fixed cost per unit will decrease when the volume of production increases for that particular product.
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lauren buys groceries every month from walmart and rarely does much research on the products she buys. what is the marketing term for this type of consumer behavior?
Lauren buys food from Walmart once a month and rarely does research on the things she buys. Routine response is the marketing phrase for this type of consumer behavior.
Wal-Mart Stores is an American multinational retail firm headquartered in Bentonville, Arkansas that operates a chain of hypermarkets (also known as supercenters), discount department stores, and grocery stores throughout the United States.
The company was established in 1962 by Sam Walton in the nearby town of Rogers, Arkansas, and on October 31, 1969, it was incorporated in Delaware under the General Corporation Law.
Additionally, it owns and runs Sam's Club retail locations. Walmart has annual revenues of almost $570 billion, making it the greatest firm in the world by revenue, according to the May 2022 Fortune Global 500. It is also the largest private employer in the world with 2.2 million workers. It is a publicly traded family business because the Walton family owns and controls the corporation. In 1972, Walmart debuted on the New York Stock Exchange.
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a company purchased property for $100,000. the property included a building, a parking lot, and land. the building was appraised at $55,500; the land at $50,200, and the parking lot at $19,300. land should be recorded in the accounting records with an allocated cost of:
A company purchased property for $100,000 . Land should be recorded in the accounting records with an allocated cost of: $40,160
Calculating the problem:Total appraisal value = $55,500 + $50,200 + $19,300
= $125,000
Weight of land in the appraisal value = $50,200 ÷ $125,000
= 40.16%
Amount to include in the accounting record = $100,000 × 40.16%
= $40,160
Why are accounting records consequential?A record of the means and arrears of the company. Where the company's business involves dealing in goods, the account records must enable the company to establish the statement of stock at the end of each fiscal time end including the stock clasping records.
Accounting records:
Account records are crucial sources of information and substantiation used to prepare, corroborate and/ or inspection the fiscal statements. They also include attestation to prove asset power for creation of arrears and evidence of financial and non financial deals.
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the growth of a particular industry within a local area can create specialized resources for that industry leading to a production cost advantage in that locality. this advantage is known as
The growth of a particular industry within a local area can create specialised resources for that industry leading to a production cost advantage in that locality. This advantage is known as industry economies of scale.
Economies of scale are cost advantages that businesses enjoy as a result of efficient production. In order to attain economies of scale, businesses must increase production while reducing expenses.This happens because costs are divided among a wider range of commodities.
Examples of economies of scale:
Bulk purchases allow a big box retailer to keep costs down per item.A larger manufacturing company can afford to invest in more effective production technologies than a smaller manufacturing company can.To know more about economies of scale:
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fao schwarz is unique children's toy store where customers can play with toys in each department prior to purchasing them, can step on an oversized piano, can walk through elaborate lego castles, and can meet characters from their favorite cartoons during their visit. families typically visit the store together and stay for several hours to get the complete experience. the store can best be described as a:
The store can be described by Destination store. A destination store is a retail establishment that attracts customers for specific reasons, leading them to make extraordinary travel arrangements just to purchase there.
What is Destination store?
A destination store is a retail establishment that attracts customers for specific reasons, leading them to make extraordinary travel arrangements just to purchase there. Destination businesses typically offer something special to draw customers in, despite the inconvenience of the distance or location. Smaller merchants frequently locate themselves close to a destination store in the hopes that customers would eventually visit their stores as well.
Most individuals frequently consider leisure destinations like lakes, zoos, or amusement parks when considering a day vacation destination. However, some shops take great satisfaction in encouraging customers to travel long distances merely to explore their merchandise, have fun, and hopefully make a purchase.
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Identify the economic goal of sales management.
Every nation aims for economic growth and
employment _________ for all its citizens.
The correct economic goal of sales management is: “Every nation aims for economic growth and employment Rights for all its citizens.”
What does economic goal mean?Economic stability is the most crucial objective. This is because maintaining economic stability makes it possible to accomplish other macroeconomic goals.
Price fluctuations due to an unstable economy may cause inflation or deflation, which will affect the currency effect. Economic goals are not always compatible with one another.
The cost of achieving any one goal or set of goals is having fewer resources available to devote to the other goals. Every country strives for economic development and equal job opportunities for all of its residents.
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what is the difference between free slack and total slack? why is slack important to a project manager?
The amount of time that a task can be put off without affecting the one that follows after it is known as free slack. Total slack is the amount of time that work can be postponed without affecting the project's delivery.
A project manager can create a realistic project timeline including slack time. When teams have idle time, they are less likely to miss deadlines. When spare time is included in project timelines, projects tend to be of higher quality and stay under budget.
It's difficult to see the relative importance of tasks without a strong concept of slack. This can cause project activities to diverge and have a detrimental impact on other operations. When there is no spare time, delays or increased resource requirements frequently occur.
In addition to the costs of additional staff or equipment, delays can increase costs by adding interest on loans or necessitating expedited shipping. This can have an impact on the overall success of the project and determine whether it meets its objectives.
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question workspace check my work an investor invests $50,000 in a new business. in three years, the investor sells her interest in the business for $75,000. what is her return on investment?
50% is her return on investment.
The computation of the return on investment is shown below:
As we know that
Return on investment is
= Return ÷ investment made
= ($75,000 - $50,000) ÷ ($50,000)
= ($25,000) ÷ ($50,000)
= 50%
Hence, the return on investment is 50%.
In a financial outlook, funding is the acquisition of products that are not consumed these days but are used in the future to generate wealth. In finance, funding is a monetary asset sold with the concept that the asset will provide earnings further or will later be bought at a higher price rate for an income.
Investments are usually bucketed into three major categories: stocks, bonds, and coins equivalents. there are many special forms of investments within each bucket. here are six sorts of investments you may not forget for a lengthy-term boom, and what you must realize about everyone.
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the implied warranty that food and drink served by restaurants, grocery stores, fast-food outlets, coffee shops, bars, vending machines, and other purveyors of food and drink be safe for human consumption is called the
The implied warranty that food and drink served by restaurants, grocery stores, fast-food outlets, coffee shops, bars, vending machines, and other purveyors of food and drink be safe for human consumption is called the implied warranty of fitness for human consumption.
Food is any substance commonly eaten via residing matters. The term food also includes liquid drinks. food is the primary supply of strength and of vitamins for animals and is common in animal or plant starting places. There are four (4) simple meal strength assets: fats, proteins, and carbohydrates.
And while excellent meals are nutrient-dense it's also tasty and visually attractive. proper meals mean that it enhances the condition of its clients and growers; its manufacturing maintains the fitness of the surroundings whilst producing earnings for the grower.
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prior to recording adjusting entries, the supplies account has a $450 debit balance. a physical count of supplies shows $125 of unused supplies still available. the required adjusting entry is:
Prior to recording adjusting entries, the supplies account has a $450 debit balance. a physical count of supplies shows $125 of unused supplies still available. the required adjusting entry is, supplies used = 450 - 125 = 325
When storing multiple types of items, the plural form of supply is supplies. Supplies are used as current assets until they are consumed, at which point they are expenses. Supplies used by businesses frequently include office supplies like pens, paper clips, and printer ink. The balance in banking and accounting refers to the amount owed on an account. In accounting, the term "balance" refers to the difference between the total of debit entries and the total of credit entries made into an account during a given financial period. A debit balance is displayed when there are more total debits than total credits.
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If the annual interest paid on a $500 loan is $25, the nominal interest rate is _____ percent per year. If the nominal interest rate is 5 percent per year and the inflation rate is 2 percent a year, the real interest rate is _____ per year.
If the annual interest paid on a $500 loan is $25, the nominal interest rate is 5 percent per year. If the nominal interest rate is 5 percent per year and the inflation rate is 2 percent a year, the real interest rate is 3% per year.
What is interest rate?
An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed (called the principal sum).
How to calculate the first question, the nominal interest rate?
Nominal interest rate = interest paid / face value
= 25 / 500 = 0.05 = 5%
How to calculate the second question, the real interest rate?
Real interest rate = nominal interest rate - inflation
= 5% - 2% = 3%
Therefore, the nominal interest rate is 5% per year and the real interest rate is 3% per year.
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an investor has purchased a bond from you today that will pay that investor $10,000 in 2 years. if the interest rate on this bond is 5%, how much did the investor pay you today (i.e. what is the price of the bond today, aka its present value)?
You sold a bond to an investor today, and in two years, that investor will receive $10,000. If this bond carries a 5% interest rate, the investor will pay you $4762 today.
Is bond pricing at present value?Bond price is calculated as the future cash flow from the bond, discounted to its present value. The par value at maturity is added to the sum of the projected coupon payments' present values. Simple discounting is required to obtain the bond price from the known future cash flows.
A bond's future cash payments are discounted by the going market interest rate to get its present value. The sum of the following factors determines a bond's present value: plus the discounted value of the interest payments due every two years. the principal payment's current value on the bond's maturity date.
In the above query,
Future value= $10,000
Time= 2 years
Interest Rate= 5%
10,000= (x + 0.05x) + (x + 0.05x)
10,000= 2.1x
Present value= $4,762
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which of the following is a reason why the aggregate demand curve slopes downward? a.) balance of payments b.) solow growth curve c.) trade surplus d.) interest rate effect
The aggregate demand curve slopes downward because the reason is interest rate effect.
In an economy, the total amount of demand for all finished goods and services is measured as aggregate demand. A measure of aggregate demand is the total amount of money spent on those goods and services at a particular price level and time.
The total demand for goods and services at any given price level over a specific period is referred to as aggregate demand in macroeconomics. Since the two metrics are calculated in the same way, aggregate demand over the long run equals gross domestic product (GDP). A country's gross domestic product (GDP) reflects all the goods and services that are produced there, whereas aggregate demand refers to consumer demand for those same goods.
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when creating and maintaining an ethical culture, corrective action involves rewarding employees who comply with company policies and standards and punishing those who do not. group of answer choices true false
It is TRUE that, When creating and maintaining an ethical culture, corrective action involves rewarding employees who comply with company policies and standards and punishing those who do not.
According to Muel Kaptein, a professor of business ethics and integrity management at Rotterdam School of Management, ethical culture can be described as a collection of experiences, presumptions, and expectations of managers and employees about how the company discourages them from acting unethically and encourages them to do so. A variety of elements, including formal and informal systems, are included in the ethical context, which also includes ethical culture. In contrast to informal systems, which are unwritten policies, practices, and values that are pertinent to ethics, formal systems are the tangible organisational elements related to ethics that are purposefully designed and implemented (such as ethics programs). Since ethical culture is deeply ingrained in an organisation and its workforce, it is harder to measure than the formal components of ethics programmes (such as a code of ethics, helpline, and training).
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An arena receives $1,000 per event for 16 concerts. If the administrative costs for this sponsorship total $12,000, what is the profit margin for the concert sponsorship?.
For 16 concert events, the profit margin for the concert sponsorship is 25%.
Profit margin is usually expressed in percentage or ratio to total revenues.
The formula for the profit margin is:
PM = [(Revenue - total cost ) / revenues] x 100%
Data from the problem:
The revenue per event = $1,000
number of events = 16
Hence,
total revenue = 16 x $1,000 = $16,000
total cost = $12,000
Profit = $16,000 - $12,000 = $4,000
Therefore,
Profit margin = 4,000/16,000 x 100% = 25%
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fenland co. plans to retire $270 million in bonds in five years, so it wishes to fund a savings account at the beginning of each year during that period for which it expects to earn 12% annually. at the end of the five years, there will be enough money in the account to pay off the bonds. what amount does fenland need to invest each year? (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s)
At the end of the five years, there will be enough money in the account to pay off the bonds. $37946931 fenland need to invest each year.
What is Appropriate factor(s) ?Credential Factor In the case of any Class of Regular Certificates as of any Distribution Date, a fraction, expressed as a decimal carried to six places, the numerator of which is the aggregate Certificate Principal Balance of such Class of Certificates on such Distribution Date (after taking into account any distributions of principal and allocations of Realized Losses in reduction of the Certificate Principal Balance (or the Notional Amount in the case of the Class CE Certificates) (or the Notional Amount, in the case of the Class CE Certificates)
The investment's value at a specific future date called its future value. It adheres to the idea of time value of money, which holds that today's value of money will be higher than tomorrow's. Because investments generate interest, this is true.This is the amount in the future value of an annuty due formula, where $270 = investment amount * Factor from FVAD of $1 table where n = 5 and i = 12% .
So investment amount = $270 million / 7.1152 = $37946931
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a borrower pays $200,000 for a home and gets a fixed-rate loan from his lender at 5.75%. he puts $40,000 down. what is the ltv on this loan, and does the buyer have to pay pmi?
The loan-to-value on this loan will be 80%.
The loan-to-value (LTV) ratio can be described as measure comparing the value of your mortgage with the appraised number of the property. If your down payment increase, your LTV ratio would improve too.
To calculate the loan-to-value (LTV), we should know the value of mortgage amount.
Mortgage amount is equal to purchase price of the home minus down payment.
The price of the home is $200,000.
Down payment = $40,000
Hence,
Mortgage amount = price of the home - down payment
Mortgage amount = $200,000 - $40,000
Mortgage amount = $160,000
Then we plug it into the loan-to-value formula:
Loan-to-value ratio = mortgage amount : home
Loan-to-value ratio = $160,000 : $200,000
Loan-to-value ratio = 0.8 = 80%
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coffeewk inc.'s bonds currently sell for $1,267 and have a par value of $1,000. they pay a $107 annual coupon and have a 20-year maturity, but they can be called in 7 years at $1,080. what is their yield to call (ytc)?
7.17% is their yield to call (ytc). A bondholder will earn a return if they hang onto the bond until the call date, which happens before it matures, according to the financial term yield to call (YTC).
Yield to call
RATE (NPER,PMT,-PV,FV)x2
= 7.17%
=RATE (7,105,-1240,1100)×1
The return a bondholder obtains if they keep the securities until the call date, which is before the date of maturity, is referred to as "yield to call."
Callable bonds, which are securities that enable bond holders to redeem their bonds early at the call price (or for the bond issuer to repurchase them), are subject to yield to call.
Utilizing computer tools, yield to call can be mathematically determined.
This figure is the compound interest rate at which the present value of a bond's future coupon payments and call price equals the bond's current market price.
Yield to call refers to callable bonds, which are debt instruments that permit bondholders to repurchase bonds from bondholders at a price known as the call price on a date known as the call date. By definition, a bond's call date comes first in the timeline, then it matures.
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when substantially all the assets of the target corporation are received in exchange for voting stock and selected liabilities, the restructuring can qualify as a
When all the assets of a target corporation are received substantially in exchange for selected liabilities and voting stock, the restructuring can qualify as a 'Type C-reorganization'.
A 'Type C-reorganization', occurs when a target corporation, called the target, transfers 'substantially' all of its assets/properties to an acquiring corporation, called the acquirer, solely in exchange for the acquirer's voting stock and selected liabilities. That is why the 'Type C-reorganization' is often known as an 'asset acquisition.'
In the 'Type C-reorganization', the acquiring corporation acquires 'substantially all of the properties of the target corporation. If the target corporation transfers less than 'substantially' all of its assets, the transaction does not qualify as the 'Type C-reorganization'.
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copy equipment was acquired at the beginning of the year at a cost of $72,000 that has an estimated residual value of $9,000 and an estimated useful life of 5 years. it is estimated that the machine will output an estimated 1,000,000 copies. this year, 315,000 copies were made. what is the units-of-output depreciation for the year?
According to the given information, the units-of-output depreciation for the year is $19845
Given:
Purchase price = $72,000
Residual value = $9,000
Useful life = 5 years
a) Depreciable cost = $72,000 - $9,000 = $63,000
b) Depreciation rate = Depreciation expense / Depreciable cost
Depreciation expense = [tex]\frac{63,000}{5}[/tex] = $12,600
Depreciation rate = [tex]\frac{12,600}{6,300}[/tex] × 100 = 20%
c) Units of output method =
Depreciation per copy of output = [tex]\frac{63,000}{1,000,000}[/tex] = 0.063 per copy
Depreciation in the current year = $0.063 × 31,5000 = $19,845
The accounting technique of spreading out the cost of a tangible asset over its useful life is known as depreciation. The amount of depreciation shows how much of an asset's value has been utilized. By purchasing assets over a predetermined period of time, it enables businesses to generate income from the assets they own.Comparable to amortization, which takes into account the increase in value of intangible assets over time, is depreciation.Learn more about Depreciation, here
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