Acquisition Cost and Depreciation Reveille, Inc., purchased Machine #204 on April 1, 2016, and placed the machine into production on April 3, 2016. The following information is relevant to Machine #204: Price $60,000 Freight-in costs 2,500 Preparation and installation costs 3,900 Labor costs during regular production operation 10,200 Credit terms 2/10, n/30 Total productive output 138,500 units The company expects that the machine could be used for 10 years, after which the salvage value would be zero. However, Reveille intends to use the machine only 8 years, after which it expects to be able to sell it for $9,800. The invoice for Machine #204 was paid April 10, 2016. The number of units produced in 2016 and 2017 was 23,200 and 29,000, respectively. Reveille computes depreciation expense to the nearest whole month. Required: Compute the depreciation expense for 2016 and 2017, using the following methods. Round your answer to the nearest dollar. Straight-line method: 2016 depreciation = $ 2017 depreciation = $ Sum-of-the-years'-digits method: 2016 depreciation = $ 2017 depreciation = $ Double-declining-balance method: 2016 depreciation = $ 2017 depreciation = $ Activity method (units of production): 2016 depreciation = $ 2017 depreciation = $
In: Accounting
Prepare a statement of stockholders' equity for Oakwood for the year ended December 31, 2016 based on the following information:
Oakwood Inc. is a public enterprise whose shares are traded in the over-the-counter market. At December 31, 2015, Oakwood had 6,000,000 authorized shares of $10 par value common stock, of which 2,000,000 shares were issued and outstanding. The shareholders' equity accounts at December 31, 2015, had the following balances: Common stock $20,000,000 Additional paid-in capital on common stock 7,500,000 Retained earnings 6,470,000 Transactions during 2016 and other information relating to the shareholders' equity accounts were as follows: On January 5, 2016, Oakwood issued at $54 per share, 100,000 shares of $50 par value, 9%, cumulative convertible preferred stock. Each share of preferred stock is convertible, at the option of the holder, into 2 shares of common stock. Oakwood had 600,000 authorized shares of preferred stock. On February 2, 2016, Oakwood reacquired 20,000 shares of its common stock for $16 per share. Oakwood uses the cost method to account for treasury stock. On April 27, 2016, Oakwood sold 500,000 shares (previously unissued) of $10 par value common stock to the public at $17 per share. On June 18, 2016, Oakwood declared a cash dividend of $1 per share of common stock, payable on July 13, 2016, to shareholders of record on July 2, 2016. On November 9, 2016, Oakwood sold 10,000 shares of treasury stock for $21 per share. On December 14, 2016, Oakwood declared the yearly cash dividend on preferred stock, payable on January 14, 2017, to shareholders of record on December 31, 2016. On January 18, 2017, before the books were closed for 2016, Oakwood became aware that the ending inventories at December 31, 2015, were understated by $300,000 (the after-tax effect on 2015 net income was $210,000). The appropriate correcting entry was recorded the same day. After correcting the beginning inventory, net income for 2016 was $4,500,000. Required: 1. Prepare a statement of stockholders' equity for Oakwood for the year ended December 31, 2016. Assume that only single-period financial statements for 2016 are presented.
In: Accounting
Find the subgroup of d4 and the normal and non normal subgroups of d3 and d4 using u and v, u being the flips and v being the rotations.
In: Advanced Math
Show that dg = -sdT + vdp is equivalent to dg = v(dp/dv)dv + (v(dp/dt)-s)dt gibbs energy equation
In: Chemistry
In: Advanced Math
If the cell potential for a voltaic cell is 0.250 V, and the reduction potential for the oxidation reaction is ⎯0.150 V, what is the reduction potential for the reaction occurring at the cathode?
In: Chemistry
2. Identify the type of sampling used: self-response, random, systematic, convenience,
stratified, or cluster.
a. DTE survey 20 households in every city in
the County to learn about the costumer
satisfying level.
b. A sample consists of students with even
number Student’s ID.
c. A market researcher selects 100 people
from each state in the USA.
d. A pollster uses a computer to generate 500
random numbers, then interviews the voters
corresponding to those numbers.
e. To check the alcohol level of drivers,
police officers stopped every seventh car
passing through a side street near a
famous bar.
f. A University committee wants to know the
percentage of students who drive and text.
They survey all students majoring in History
and English.
g. A restaurant decided to give free
dessert for every 50th costumer dining
there.
h. A reporter writes the name of each US
senator on a separate card, shuffles the
cards, and then draws five names.
i. There are 4 bags of M&M in a box. One
consists of blue M&M, another bag has
red only M&M, the other two consists of
chocolate and yellow M&M respectively.
Lisa takes out 5 M&M from each bag to
create a sample of M&M.
j. A researcher conducts a survey by asking
100 randomly selected workers from each
category: no high school degree, high school
degree, more than high school degree.
k. A researcher wants to determine the
percentage of first grader still believe in
Santa Claus. He uses the first graders in
his son’s school as his sample.
l. A polling on Twitter asks its follower to rank
the work ethic of the congress from 1 to 5,
with 1 as the lowest and 5 as the highest
In: Statistics and Probability
In: Chemistry
Show that the moment of inertia of a spherical shell of radius R
and mass M about an axis through
its centre is 2/3 MR2. Show also that the moment of inertia of a
uniform solid sphere of radius R and
mass M is 2/5MR2. The spheres are allowed to roll (from rest),
without slipping a distance L down
a plane inclined at a angle θ to the horizontal. Find expressions
for the speeds of the spheres at the
bottom of the incline and show that ∆v/〈v〉 = 8.7% where ∆v is the
difference in the speeds and 〈v〉 is
the mean of the two speeds. Which sphere has the larger speed?
In: Physics
Your driving time to work T (continuous random variable) is between 24 and 66 minutes if the day is sunny, and between 49 and 82 minutes if the day is rainy, with a uniform probability density function in the given range in each case.
Assume that a day is sunny with probability Ps = 0.64 and rainy with probability Pr = 1 -Ps.
Your distance to work is X = 50 kilometers. Let V be your average speed for the drive to work, measured in kilometers per minute:
V=T/X
Compute the value of the probability density function (PDF) of the average speed V at V = 0.67
In: Statistics and Probability