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- 9. Compute for the depreciation in the first year using double declining method. a. 40,000 c. 72,000 b. 36,000 d. 80,000 10. How much is the book value of the equipment as of end of second year using output method of depreciation? a. 360,000 c. 301,500 b. 341,500 d. 230,000Given the following information: Prime Costs $ 11000 Conversion Costs $ 30000 Direct Materials Purchased $ 51000 Direct Materials Used $ 11000 Change in finished goods inventory $ 30000 increase Change in WIP $ 25000 decrease Calculate the total manufacturing costs.On January 1, 2025, Waterway Company rearranged its production line to improve efficiency resulting in greater productivity. The costs to rearrange the plant layout amounted to $129000 and the costs to reinstall some of the machinery components were $82000. What amount of these costs should be capitalized? A. $82000 B. $211000 C. $129000 D. $0
- DescriptionMotor vehicles50 000 DtAccumulated depreciation on motor vehicles5 000 CrDebtors control45 000 DtBank: one 7 550 DtBank two:650 CrEquipment25 000 DtAccumulated depreciation on equipment2 100 CrCreditors control15 600 CrShare capital3 000 CrRetained earnings31 800 CrRental income13 000 CrInventory: Finished products8 500 DtSale of goods135 000 CrWater and electricity8 800 DtSalaries and wages55 000 CrPrinting and stationery6 300 Cr206 150(206 150) Adjustments:1. Rental income earned monthly amounts to R1 000.2. Printing and stationery on hand as at 31 December 2021 amounted to R800.3. Cleaning expenses of R250 was incorrectly posted to the salaries and wages account.4. Discount of R150 was given to a debtor who settled her account before due date.5. The municipal account for December 2021 was not yet received.…What is the depreciation rate of the factory? A 20% B 19.20% C 10% D 9.60% What is the amount of depreciation to be recognized in year 2022? A 768,000 B 1,228,800 C 1,280.000 D 1,536.000block d/2019/3 DD GmbH produces and sells drones. With a machine that is depreciated annually in the amount of € 344 thousand, you have produced a total of 564 multi-purpose drones in t1, of which 82 drones were still in use on 31.12. t1 are in stock. What significance does the previously made statement have with regard to the determination of the commercial production costs of the production costs of the goods made on 31.12. t1 drones in stock?
- You purchased a piece of equipment that cost 129,250.00The expected useful life is 6.00 The estimated salvage value is 12,250.00Estimated units of production are 175,500.00Year Units Produced1 35,000.002 35,000.003 30,000.004 30,000.005 25,000.006 25,000.00 180,000.00REQUIRED1. Compute the depreciation schedules below based on:a. Straight Lineb. Units of productionsc. Double Declining Balance5. We know the following data of the company Perfilados, S.A: a) It bought and consumed € 105,000 in raw materials for the manufactureof its product and, on average, maintained a stock level of them in thestock of € 9,250. Calculate the average storage period.Calculate the average storage period.b) The cost of its annual production is € 198,000, and the average value ofthe products under development is € 11,000. Calculate the averagemanufacturing period. Page 7c) Taking into account that the company exclusively sold all its annualproduction and that the average value of its stock in finished goodswarehouse was € 18,500, it calculates its average sales period.d) Assuming that the company sold its products for an amount of € 290,000and that the customers had on average a debt with the company of €17,000, it calculates the average collection period.e) With the data obtained in the previous points, it calculates the averageperiod of economic maturity of Perfilados, S.A.. Consider the following information: ITEM SALES(Units) SALES VARIABLE COST A 9000 $54000 5.95 B 12000 60000 3.75 C 15000 60000 3.50 D 25000 75000 1.75 Costs of the period are as follows (salaries $45000, rent $10000, depreciation $8000, furniture and computers $24000, raw materials $ 120,000, insurance $5000, periodic maintenance $4000, interest expense $3000, utilities (fixed) $4000, property tax $3000, advertising $9000 (set at the beginning of the year), and new cars $62000). What is the breakeven point for all items? How many units of item A, B, C, & D are needed to breakeven? Calculate the profit of item A.
- Assume the following PPE: Cost Residual Value Est. Useful Life (years) Building 10,000,000 500,000 20 Machinery 5,000,000 200,000 10 Delivery Equipment 2,000,000 200,000 5 Office Equipment 400,000 - 5 14. Using composite method, compute the composite life in years. Round off to two decimal places. Ex: 12.3415. Compute the composite depreciation rate. Round off to two decimal places. Ex.:12.34%16. How much is the annual depreciation as per table?17. Give the entry to record sale of delivery equipment at the end of the 4th year for P70,000.18. How much is the depreciation for the 5th year? (Use the rounded off rate)19. How much is the depreciation for the 5th year assuming a new delivery equipment is purchased for P2,200,000 at the beginning of the 5th year? (Use the rounded off rate) NOTE: SUBPARTS 17-19 ONLYAssume the following PPE: Cost Residual Value Est. Useful Life (years) Building 10,000,000 500,000 20 Machinery 5,000,000 200,000 10 Delivery Equipment 2,000,000 200,000 5 Office Equipment 400,000 - 5 14. Using composite method, compute the composite life in years. Round off to two decimal places. Ex: 12.3415. Compute the composite depreciation rate. Round off to two decimal places. Ex.:12.34%16. How much is the annual depreciation as per table?17. Give the entry to record sale of delivery equipment at the end of the 4th year for P70,000.18. How much is the depreciation for the 5th year? (Use the rounded off rate)19. How much is the depreciation for the 5th year assuming a new delivery equipment is purchased for P2,200,000 at the beginning of the 5th year? (Use the rounded off rate)The following data refer to Samsung Company for the year 2020: Sales Revenue P950,000 Work in process inventory, 12/31/20 30,000 Work in process inventory, 1/1/20 40,000 Selling and Administrative expenses 150,000 Income tax expense 90,000 Purchase of raw mateerials 180,000 Raw materials inventory, 12/31/20 25,000 Raw material inventory, 1/1/20 40,000 Direct Labor 200,000 Utilities: plant 40,000 Depreciation: Plant and Equipment 60,000 Finished Goods inventory, 12/31/20 50,000 Finished Goods inventory, 1/1/20 20,000 Indirect Material…
