Questions
On March 31, 2018, the Herzog Company purchased a factory complete with machinery and equipment. The...

On March 31, 2018, the Herzog Company purchased a factory complete with machinery and equipment. The allocation of the total purchase price of $960,000 to the various types of assets along with estimated useful lives and residual values are as follows:

Asset Cost Estimated Residual Value Estimated Useful
Life in Years
Land $ 120,000 N/A N/A
Building 460,000 none 25
Machinery 260,000 10% of cost 6
Equipment 120,000 $ 15,000 5
Total $ 960,000


On June 29, 2019, machinery included in the March 31, 2018, purchase that cost $96,000 was sold for $76,000. Herzog uses the straight-line depreciation method for buildings and machinery and the sum-of-the-years'-digits method for equipment. Partial-year depreciation is calculated based on the number of months an asset is in service.

Required:

1. Compute depreciation expense on the building, machinery, and equipment for 2018.
2. Prepare the journal entries to record the depreciation on the machinery sold on June 29, 2019, and the sale of machinery.
3. Compute depreciation expense on the building, remaining machinery, and equipment for 2019.

In: Accounting

Please describe how an union may behave by strategically exploiting Marshall’s 4 rules. Marshall's Rules: Marshall...

Please describe how an union may behave by strategically exploiting Marshall’s 4 rules.

Marshall's Rules:

Marshall rules for the elasticity of labor demand Alfred Marshall (1842-1924) described the “rules of derived demand”: Labor demand is more elastic the greater...

1 ... the elasticity of substitution; - the more capital and labor are substitutes, the more easily the firm can replace capital for labor when w increases;

2 ... the price elasticity of output; - w ?? p ?, so the more output responds to p the more the firm wants to reduce labor when w increases;

3 ... the labor share in total cost of production; - w ? increases total costs more when production is labor intensive; when w ? firms reduce labor more in sectors where labor share of costs large. (note: true if elast. product demand > elast. substitution)

4 ... the supply elasticity of the other inputs; - if the supply of factors that can replace labor is large, the firm will substitute away from labor more easily when w increases;

In: Economics

Chapter 2, #31 You are driving through town at 12 m/s when suddenly a car backs...

Chapter 2, #31

You are driving through town at 12 m/s when suddenly a car backs out of a driveway in front of you. You apply the brakes and begin decelerating at 3.3 m/s2. How much time does it take to stop? After braking half the time found in part A, is your speed 6.0 m/s, greater than 6.0 m/s, or less than 6.0 m/s?

In: Physics

Phosphoric acid is a triprotic acid (Ka1=6.9x10-8, Ka2 = 6.2x10-8, and Ka3=4.8x10-13). To find the pH...

Phosphoric acid is a triprotic acid (Ka1=6.9x10-8, Ka2 = 6.2x10-8, and Ka3=4.8x10-13). To find the pH of a buffer composed of H2PO4- (aq) and HPO42-(aq), which pka value would you use in the Henderson-Hasselbalch equation? Calculate the pH of a buffer solution obtained by dissolving 22.0 g of KH2PO4 and 32.0 g of Na2HPO4 in water and then diluting to 1.00 L

In: Chemistry

Answer as soon as possible Given a number, find the sum of all the unique multiples...

Answer as soon as possible

Given a number, find the sum of all the unique multiples of particular
   numbers up to but not including that number.

If we list all the natural numbers below 20 that are multiples of 3 or 5, we
get 3, 5, 6, 9, 10, 12, 15, and 18.
  
   The sum of these multiples is 78.

Given Code:

public int getSumOfMultiples(int i, int[] set) {
       // Solution
       return 0;
   }
  

In: Computer Science

As you read about regression this week, try to think of pairs of variables whose values...

As you read about regression this week, try to think of pairs of variables whose values might be associated, or as we say in statistics have a correlation. For example, height and weight have a positive correlation because in general we expect taller people to weigh more than shorter people. This does not mean every taller person weighs more than every shorter person, but that's the tendency. Can you think of another pair of variable that have a positive correlation? How about a pair of variables that have a negative correlation? Try to think of pairs of variables from your field of study! For each variable, consider the following: give a brief description of each variable, how is it measured, what are its possible values, Why do you think the correlation between your two variables is positive or negative?

In: Math

1. 1. In polarizing microscopy, what is and what happens when a sample is anisotropic? 2....

1. 1. In polarizing microscopy, what is and what happens when a sample is anisotropic?

2. 2.What can happen to image of an anisotropic sample when you rotate it?

3.      3.What additional piece of equipment is added to a polarizing microscope to control anisotropic behavior? How does it accomplish control?

In: Physics

Devise a straightforward method that allows you to calculate (a) the speed and (b) the angular...

Devise a straightforward method that allows you to calculate (a) the speed and (b) the angular momentum of an electron in the nth Bohr orbit. Your expressions should contain the number of the orbit, n, and constants.

Using the formula that you devised, calculate the speed of an electron and the angular momentum of an electron in the tenth Bohr orbit. Units for answers are m/s for speed and J/s for angular momentum.

In: Physics

Write a program in C that reads prompts the user for a positive integer and then...

Write a program in C that reads prompts the user for a positive integer and then prints out that number in base 16, base 8 and base 2.

In: Computer Science

Audit - audit procedures After getting the lists and totals of inventory with market value or...

Audit - audit procedures

After getting the lists and totals of inventory with market value or value-at-cost of greater than $10,000, what audit procedure would you complete next? What risk and management assertion are you addressing with your proposed audit procedure?

In: Accounting

Stocks A and B have the following historical returns: Year Stock A's returns Stock B's returns...

Stocks A and B have the following historical returns:

Year Stock A's returns Stock B's returns
2003 −19.00% −15.50%
2004 34.00% 23.80%
2005 16.00% 29.50%
2006 −0.50% −6.60%
2007 28.00% 27.30%

(a) Calculate the average rate of return and standard deviation of returns (as percents) for each stock during the 5-year period. (Round your standard deviations to two decimal places.)

stock A average rate of return %

standard deviation %

stock B average rate of return %

standard deviation %

(b) Assume that someone held a portfolio consisting of 50% of stock A and 50% of stock B and that the average annual realized returns and past volatility of each stock are unbiased estimators of their expected returns and future volatility. What is the portfolio's expected return and the volatility of next year's returns (as percents)? The correlation between the returns of the two stock is 90.83%. (Round your answers to two decimal places.)

expected return %

volatility %

In: Finance

Refer to the article, ‘the Human Condition’, to discuss the time that modern humans have existed...

Refer to the article, ‘the Human Condition’, to discuss the time that modern humans have existed versus the time of the ‘modern world’. -- Global Sociology

In: Psychology

platos meno summery

platos meno summery

In: Economics

Define carrying capacity and explain how it is related to the terms Biotic Potential and Environmental...

Define carrying capacity and explain how it is related to the terms Biotic Potential and Environmental Resistance. How could you use your definition to explain why a cockroach has a different carrying capacity than a panda bear?

In: Biology

The following frequency distribution shows the price per share for a sample of 30 companies listed...

The following frequency distribution shows the price per share for a sample of 30 companies listed on the New York Stock Exchange.

Price per Share              Frequency
$20-29              7
$30-39              4
$40-49              6
$50-59              4
$60-69              5
$70-79              1
$80-89              3

Compute the sample mean price per share and the sample standard deviation of the price per share for the New York Stock Exchange companies (to 2 decimals). Assume there are no price per shares between 29 and 30, 39 and 40, etc.

Sample mean $
Sample standard deviation $

In: Math