Equipment with a cost of $130,000 has an estimated residual value of $10,000 and an estimated life of 5 years or 12,000 hours. It is to be depreciated by the straight-line method. What is the amount of depreciation for the first full year, during which the equipment was used 3,300 hours?
A) $24,000
B) $32,500
C) $33,000
D) $35,750
C
You might also like to view...
The entry that includes a debit to Payroll Taxes and Benefits Expense would also include credits to Social Security Tax Payable and Medicare Tax Payable
Indicate whether the statement is true or false
Going on public tours of plants and observing the use of trade secrets is considered an unlawful method of discovering a trade secret
Indicate whether the statement is true or false
How may HR demonstrate the value of a selection system?
What will be an ideal response?
Cassa Company is a price-taker and uses target pricing
Refer to the following information: Production volume 601,000 units per year Market price $32 per unit Desired operating income 16% of total assets Total assets $13,900,000 Variable cost per unit $20 per unit Fixed cost per year $5,400,000 per year With the current cost structure, Cassa cannot achieve its profit goals. It will have to reduce either the fixed costs or the variable costs. Assuming that fixed costs cannot be reduced, what are the target variable costs per year? Assume all units produced are sold. A) $11,608,000 B) $12,020,000 C) $5,400,000 D) $17,008,000