ASSIGNED CH 8 PROBLEM statements 11 19 23

Wolfe Assembly Masters developed a new cost- and time-efficient assembly process that would be advantageous to many manufacturing companies. To protect their process, they applied for and obtained a patent. Which of the following costs associated with the assembly process should Wolfe amortize as an intangible asset? $12,000 in disposal fees to remove hazardous waste collected during research and development $1.56 million in development costs to develop the process $37,000 to apply for a patent for the process $914,000 in research costs to learn about the process

not use ai please

eBook Differential Analysis Report for Machine Replacement White Noise Technologies Inc. assembles circuit boards by using a manually operated machine to insert electronic components. The original cost of the machine is $57,900, the accumulated depreciation is $23,200, its remaining useful life is five years, and its residual value is zero. A proposal was made to replace the present manufacturing procedure with a fully automatic machine that will cost $109,000. The automatic machine has an estimated useful life of five years and no significant residual value. For use in evaluating the proposal, the accountant accumulated the following annual data on current and proposed operations:   CurrentOperations ProposedOperations Sales $183,500   $183,500   Direct materials $62,500   $62,500   Direct labor 43,400   14,500   Power and maintenance 4,100   6,900   Taxes, insurance, etc. 1,400   4,800   Selling and administrative expenses 43,400   43,400   Total expenses…

None

66

Hansaben

camdenccinstructure.com/courses/3788/asSignments/35976 Waterway Industries is contemplating the replacement of an old machine with a new one. The following information has been gathered: Old Machine New Machine $900000 $450000 Price 135000 Accumulated Depreciation -0- 10 years 0- Remaining useful life -0- 10 years Useful life Annual operating costs $360000 $270000 If the old machine is replaced, it can be sold for $36000. The company uses straight-line depreciation with a zero salvage value for all of its assets Which of the following amounts is relevant to the replacement decision? O $135000 O$90000 O$315000 $450000

Vinubhai

Required information [The following information applies to the questions displayed below.] Satellite Systems modified its model Z2 satellite to incorporate a new communication device. The company made the following expenditures: Basic research to develop the technology Engineering design work Development of a prototype device Testing and modification of the prototype Legal fees for patent application Legal fees for successful defense of the new patent Total $4,100,000 1,200,000 610,000 410,000 81,000 41,000 $6,442,000 During your year-end review of the accounts related to intangibles, you discover that the company has capitalized all the above as costs of the patent. Management contends that the device represents an improvement of the existing communication system of the satellite and, therefore, should be capitalized. Patont costs capitalized Required: 1. Determine the amount Satellite Systems should capitalize to the Patent account in the balance sheet.

Required information [The following information applies to the questions displayed below.] Satellite Systems modified its model Z2 satellite to incorporate a new communication device. The company made the following expenditures: Basic research to develop the technology Engineering design work Development of a prototype device Testing and modification of the prototype Legal fees for patent application Legal fees for successful defense of the new patent Total $ 3,500,000 1,100,000 550,000 350,000 75,000 35,000 $ 5,610,000 During your year-end review of the accounts related to intangibles, you discover that the company has capitalized all costs of the patent. Management contends that the device represents an improvement of the existing communication system of the satellite and, therefore, should be capitalized. 2. How much should Satellite Systems report as research and development expense in the income statement? Research and development expense

Solve all questions

Calculate below questions

man

No AI answershould not found plagiarism in your answer

k Required information [The following information applies to the questions displayed below] University Car Wash purchased new soap dispensing equipment that cost $234,000 including installation. The company estimates that the equipment will have a residual value of $27,000. University Car Wash also estimates it will use the machine for six years or about 12,000 total hours. Actual use per year was as follows: Year 1 Hours Used 2,800 2 1,900 3 2,000 4 2,000 5 6 1,800 1,500 t 3. Prepare a depreciation schedule for six years using the activity-based method. (Round your "Depreciation Rate" to 2 decimal places and use this amount in all subsequent calculations.) ] nces UNIVERSITY CAR WASH Depreciation Schedule-Activity-Based End of Year Amounts Depreciation Year Expense 1 2 3 4 5 6 Total $ Accumulated Depreciation Book Value

Please do not give solution in image format thanku

None

Required information [The following Information applies to the questions displayed below] Wardell Company purchased a minicomputer on January 1, 2022, at a cost of $56,000. The computer was depreciated using the straight-line method over an estimated five-year life with an estimated residual value of $8,000. On January 1, 2024, the estimate of useful life was changed to a total of 10 years, and the estimate of residual value was changed to $2,000. 2. Prepare the year-end journal entry for depreciation on December 31, 2024. Assume that the company uses the double declining- balance method instead of the straight-line method. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Round your final answers to nearest whole dollar. Answer is complete but not entirely correct. No Event 1 Depreciation expense Accumulated depreciation computer General Journal Debit Credit 4,680 x 4,680

Required information PA11-2 (Algo) Making Automation Decision [LO 11-1, 11-2, 11-3, 11-5) (The following information applies to the questions displayed below.) Beacon Company is considering automating its production facility. The initial investment in automation would be $6.78 million, and the equipment has a useful life of 5 years with a residual value of $1,080,000. The company will use straight- line depreciation. Beacon could expect a production increase of 48,000 units per year and a reduction of 20 percent in the labor cost per unit. Current (no Automation) 83,000 units Per Unit $ 94 Proposed (automation) 131,000 unita Per Production and sales volume Sales revenue Total Unit $94 Total $ 2 Variable costs Direct materials Direct labor Variable manufacturing overhead Total variable manufacturing $ 18 $18 25 10 10 53 costs Contribution nargin Fixed manufacturing conts $ 41 $ 46 7. $ 1,160,000 $2,330,000 Net operating income PA11-2 Part 2 2. Determine the project's accounting rate of…

Please provide answer in text (Without image)

Please do not give solution in image format thanku

h1

How much is the cost of the machinery?

Problem 33-11 (AICPA Adapted) West Company purchased two machines for P1,000,000 each at the beginning of current year. The machines were put into use immediately. Machine A has a useful life of 5 years and can be used only in one research project. Machine B will be used for 2 years on a research and development project and then used by the production division for an additional 8 years. The straight line method of depreciation is used. What total amount should be recognized as research and development expense for the current year? a. 2,000,000 b. 1,500,000 c. 1,100,000 d. 300,000