On January 2, 2018, Jatson Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment was $90,000 with an estimated residual value of $7,000.
a-1. Prepare a complete depreciation table under the straight-line method. Assume that a full year of depreciation was taken in 2018.
a-2. Prepare a complete depreciation table under the 200 percent declining-balance method. Assume that a full year of depreciation was taken in 2018.
a-3. Prepare a complete depreciation table under the 150 percent declining-balance with a switch to straight-line when it will maximize depreciation expense. Assume that a full year of depreciation was taken in 2018.
In: Accounting
A company bought a machine on January 1, 2017 for use in operations. The machine cost $35,000 and the estimated residual value was $3,000. The machine has useful life of 3 years and produced 15,000 during 2017, 20,000 units during 2018 and 25,000 during 2019. Compute the depreciation expense under the straight line method for 2017, 2018 and 2019. Compute the depreciation under the units of production method for 2017, 2018 and 2019. Compute the depreciation under the double declining balance method for 2017, 2018 and 2019. Show the book value at the end of each year under the three methods. Show your work.
In: Accounting
1.
Aneko Company reports the following ($000s): net sales of $13,000 for 2018 and $12,350 for 2017; end-of-year total assets of $16,200 for 2018 and $13,800 for 2017.
Compute its total asset turnover for 2018. (Enter your answers in thousands.)
2.
Assume a company’s equipment carries a book value of $48,000 ($49,500 cost less $1,500 accumulated depreciation) and a fair value of $44,250, and that the $3,750 decline in fair value in comparison to the book value meets the impairment test.
Prepare the entry to record this $3,750 impairment.
3.
A fleet of refrigerated delivery trucks is acquired on January 5, 2018, at a cost of $1,010,000 with an estimated useful life of 8 years and an estimated salvage value of $90,900.
Compute the depreciation expense for the first three years using the double-declining-balance method. (Round your answers to the nearest whole dollar.)
4.
Required information
[The following information applies to the questions displayed below.]
On January 2, 2018, the Matthews Band acquires sound equipment for concert performances at a cost of $68,400. The band estimates it will use this equipment for four years, during which time it anticipates performing about 200 concerts. It estimates that after four years it can sell the equipment for $1,000. During year 2018, the band performs 45 concerts.
Matthews Band uses straight-line depreciation but realizes at the start of the second year that due to concert bookings beyond expectations, this equipment will last only a total of three years. The salvage value remains unchanged.
Compute the revised depreciation for both the second and third years.
5.
Required information
[The following information applies to the questions displayed below.]
On January 2, 2018, the Matthews Band acquires sound equipment for concert performances at a cost of $68,400. The band estimates it will use this equipment for four years, during which time it anticipates performing about 200 concerts. It estimates that after four years it can sell the equipment for $1,000. During year 2018, the band performs 45 concerts.
Compute the year 2018 depreciation using the units-of-production method.
6.
Required information
[The following information applies to the questions displayed below.]
On January 2, 2018, the Matthews Band acquires sound equipment for concert performances at a cost of $68,400. The band estimates it will use this equipment for four years, during which time it anticipates performing about 200 concerts. It estimates that after four years it can sell the equipment for $1,000. During year 2018, the band performs 45 concerts.
Compute the year 2018 depreciation using the straight-line method.
In: Accounting
Janson Corporation Co.'s trial balance included the following
account balances at December 31, 2018:
| Accounts payable | $25,600 |
| Bond payable, due 2027 | 24,200 |
| Salaries payable | 17,700 |
| Note payable, due 2019 | 20,100 |
| Note payable, due 2023 | 41,300 |
What amount should be included in the current liabilities section
of Janson's December 31, 2018, balance sheet?
Janson Corporation Co.'s trial balance included the following
account balances at December 31, 2018:
| Accounts payable | $25,600 |
| Bond payable, due 2027 | 24,200 |
| Salaries payable | 17,700 |
| Note payable, due 2019 | 20,100 |
| Note payable, due 2023 | 41,300 |
What amount should be included in the current liabilities section
of Janson's December 31, 2018, balance sheet?Janson Corporation
Co.'s trial balance included the following account balances at
December 31, 2018:
| Accounts payable | $25,600 |
| Bond payable, due 2027 | 24,200 |
| Salaries payable | 17,700 |
| Note payable, due 2019 | 20,100 |
| Note payable, due 2023 | 41,300 |
What amount should be included in the current liabilities section
of Janson's December 31, 2018, balance sheet?Janson Corporation
Co.'s trial balance included the following account balances at
December 31, 2018:
| Accounts payable | $25,600 |
| Bond payable, due 2027 | 24,200 |
| Salaries payable | 17,700 |
| Note payable, due 2019 | 20,100 |
| Note payable, due 2023 | 41,300 |
What amount should be included in the current liabilities section
of Janson's December 31, 2018, balance sheet?Janson Corporation
Co.'s trial balance included the following account balances at
December 31, 2018:
| Accounts payable | $25,600 |
| Bond payable, due 2027 | 24,200 |
| Salaries payable | 17,700 |
| Note payable, due 2019 | 20,100 |
| Note payable, due 2023 | 41,300 |
What amount should be included in the current liabilities section
of Janson's December 31, 2018, balance sheet?Janson Corporation
Co.'s trial balance included the following account balances at
December 31, 2018:
| Accounts payable | $25,600 |
| Bond payable, due 2027 | 24,200 |
| Salaries payable | 17,700 |
| Note payable, due 2019 | 20,100 |
| Note payable, due 2023 | 41,300 |
What amount should be included in the current liabilities section
of Janson's December 31, 2018, balance sheet?
In: Accounting
What is the present value of the payment stream discounted at 5% annually: $1000 at the end of year 1, -$2000 at the end of year 2, and $3000 at the end of year 3? Also calculate future value of the cash flows at the end of year 3. Financial calculator not allowed for this question. Show all work!
In: Finance
Which of the following are feasible equations of a least squares regression line for the annual population change of a small country from the year 2000 to the year 2015? Select all that apply. Select all that apply:
yˆ=38,000+2500x
yˆ=38,000−3500x
yˆ=−38,000+2500x
yˆ=38,000−1500x
In: Statistics and Probability
a simple ideal Brayton cycle with air as the working fluid has a pressure ratio of 10. The air enters the compressor at 520 R and the turbine at 2000 R. Accounting for the variation of specific heats with temperature, determine (a) the ait temperature at the compressor exit, (b) the back work ratio, and (c) the thermal efficiency.
In: Mechanical Engineering
Use the information in this report to respond to the following question, World Health Report: Health Systems (the world health report 2000).
You are the leader of a health-related NGO. How can you use this report's analysis to make specific recommendations and evaluations of your NGO? (Answer in approx 250 words).
In: Nursing
Suppose the mean weight of infants born in a community is µ= 3380 g and σ= 500 g
What proportion will be between 2000 and 4000 grams?
What proportion will be between 3000 and 3350 grams?
What proportion will be between 3400 and 3800 grams?
What proportion will be less than 2380 grams?
In: Statistics and Probability
A cylindrical proportional tube has an anode wire radius of 0.003 cm and a cathode radius of 2.0 cm. It is operated with an applied voltage of 2000 V. If a minimum electric field of 1.0 MV/m is required to initiate gas multiplication, what fraction of the internal volume of the tube corresponds to the multiplication region?
In: Physics