Gemini group ordered motor tune ups and oil changes on their entire fleet of company vehicles in the third quarter, the expense be recorded as a Revenue Expenditure.
Revenue Expenditure refers to short-term business expenses that are usually incurred immediately or within one year including all the expenses that are warranted to satisfy the current operational costs of the business. These expenditures are incurred during normal business operation by the company and the benefits are received in the same period. The examples of revenue expenditure include rent expenses, utility expenses, salary expenses, insurance expenses, commission expenses, manufacturing expenses, etc. They are essentially the same as operating expenses. As Gemini group carry out motor tune ups and oil changes on their entire fleet of company vehicles in third quarter, these are revenue expenditures as they are needed for operation.
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in the most recent collective bargaining agreement (cba) the nfl/nflpa agreed to a 17-game season. the length of the season falls under which provision of the cba?
The NFL Players Association and the league were able to agree on the extra game in part because of what was taken away. The 17th game will result in the elimination of one preseason game.
How long is the season according to the CBA?The current collective bargaining agreement was approved in 2020 and runs through the 2030 season. It makes adjustments to how league revenue is distributed, increases in player benefits and health and safety enhancements, increases in active roster and practice squad limits, and increases in regular-season game play.CBAs frequently include clauses addressing pay, leave, working conditions, and employee benefits. The labor union enforces these rules to guarantee that workers are treated properly.On February 21st, 1968, the first Basic Agreement was signed. After a 99-day lockout, the most recent Agreement, which will remain in effect until December 2026, was finally signed on March 10, 2022.To learn more about CBA refer to:
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g which of the following controls will most likely prevent the concealment of a cash shortage resulting from the improper write-off of a trade account receivable? group of answer choices write-offs must be approved by a responsible officer after review of credit department recommendations and supporting evidence. write-offs must be supported by an aging schedule showing that only receivables overdue several months have been written off. write-offs must be approved by the cashier who is in a position to know if the receivables have, in fact, been collected. write-offs must be authorized by company field sales employees who are in a position to determine the financial standing of the customers.
Before approving write-offs, a responsible officer must first take into account the suggestions of the finance department and any pertinent facts.
A write-off is a legal accounting method that deducts funds from a liabilities account while also reducing the value of an asset. When seeking to account for unmet loan obligations, missing receivables, or loss on held items, businesses most often utilize it in the strictest sense.
Expenses incurred when running a business can be subtracted from profits utilizing business tax write-offs, which will ultimately reduce your tax liability. The precise calculation and recording of corporation tax write-offs will result from careful income tax planning and regular recordkeeping.
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when fully amortizing loans call for equal periodic payments over the life of the loan they are known as:
Level-payment mortgages is known for the periodic payments over the life of the loan of fully amortizing loans.
what is Level-payment mortgages ?A mortgage with a level payment is one that needs the same amount of money paid each month or payment term. Mortgages with level payments let borrowers know in advance how much they would be required to pay each pay month. They find it simpler to develop and adhere to budgets because of this constancy.
A level payment mortgage may be of fixed or variable interest rate.A level payment mortgage carries the risk of negative amortization.When compared to more complicated mortgage options, level payment mortgages are appealing because they are transparent, which makes budgeting much simpler.Today, a lot of mortgages are fully amortizing, which means that each month, the loan's principal and interest are paid in full. A level payment mortgage, on the other hand, divides the principal and interest sums into precise payments over the course of the loan.To learn more about amortizing loans refer :
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which combination of forecasting models is likely to lead to the lowest rmse of the combined forecast?
Combination of forecasting models is likely to lead to the lowest rmse of the combined forecast is AR and MA models.
Combining forecasts, from time to time called composite forecasts, refers back to the averaging of unbiased forecasts. These forecasts may be primarily based totally on special statistics or special techniques or both. The averaging is performed the usage of a rule that may be replicated, together with to take a easy common of the forecasts.
The AR element includes regressing the variable on its very own lagged (i.e., past) values. The MA element includes modeling the mistake time period as a linear mixture of mistakess phrases going on contemporaneously and at diverse instances withinside the past.
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question content area given the following data: cost of materials used $45,000 direct labor costs 48,000 factory overhead 39,000 work in process, beginning 28,000 work in process, ending 18,000 finished goods, beginning 28,000 finished goods, ending 18,000 what is cost of goods sold? a.$10,000 b.$152,000 c.$128,000 d.$142,000
Correct reply is $152,000. Cost of items bought (COGS) refers to the direct charges of producing the items offered by using a company.
This quantity consists of the fee of the materials and labor directly used to create the good. It excludes indirect expenses, such as distribution expenses and sales pressure costs.
What is the distinction between COGS and expenses?The difference between these two strains is that the fee of goods bought includes solely the charges related with the manufacturing of your sold merchandise for the year, whilst your charges line consists of all your different charges of running the business.
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https://brainly.com/question/24561653#SPJ46. many subcultures make up important market segments. examples of three such important subculture groups include hispanic americans, african americans, and asian americans. describe the general shopping-related characteristics of each of these groups.
Branded, higher-quality products are more popular with Hispanic consumers than generics.
Perhaps even more significant is the fact that Hispanics are extremely brand-adherent and favor businesses that specifically target them. Compared to other demographics, African American consumers are more price-conscious; Quality and choice also strongly motivate them. African Americans appear to be more fashion-conscious and enjoy shopping more than other ethnic groups. Asian Americans are the most affluent demographic in the United States and the second-fastest-growing subculture of the population, after Hispanics.
Of all the ethnic groups, Asian Americans are the most brand-conscious and tech-savvy. Financially, older consumers are better off than younger ones. Travel, restaurants, high-tech home entertainment products, convenient services, financial services, and healthcare services would thrive in this market.
What kind of customers do Hispanics target?Include the culture of Hispanics in your marketing efforts.
You can, for instance, use a single Hispanic flag, incorporate cultural music, and incorporate imagery from Spanish-speaking nations. Your marketing can be more successful if you do more to connect your brand to the beautiful Hispanic culture.
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a toothbrush manufacturer decides to stop packaging products in plastic. this is an example of what?
A toothbrush manufacturer decides to stop packaging products in plastic. This is an example of source reduction.
What is source reduction designed to mean?The removal of waste before it is produced is known as source reduction, waste prevention, or pollution prevention. It entails designing, producing, buying, or using goods and products to lessen the quantity or toxicity of what is thrown out. Source reduction entails preventing waste before it occurs.
Source reduction with composting?Methane, a strong greenhouse gas, is produced by organic waste when it is dumped in landfills. Methane emissions can be considerably decreased by composting organic waste like leftover food. The requirement for chemical fertilizers is diminished, and in some cases completely, by compost.
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when betty crocker introduced its asian favorites and mexican favorites flavors of its helper line, it gave special offers to supermarkets to carry the new product and supplemented these offers with consumer advertising. betty crocker's primary objective is to
Betty crocker's primary objective is to facilitate reseller support.
Producers generally want to help resellers sell their products, and resellers expect producers to support their products. compete with promotional efforts
A reseller is a type of channel partner who acts as a go-between for companies that manufacture, distribute, or provide IT products or services and end users, who can be businesses or consumers.
Working with a reseller can also help you find products faster. A company that needs to buy multiple technology components can do so through a single reseller rather than approaching multiple manufacturers or service providers directly. Customers may be drawn to resellers by competitive pricing.
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an increase in the price of gasoline shifts the demand for tires in which direction? a to the right, because an increase in the price of gasoline makes consumers poorer and thus not willing to pay as much for tires. b to the left, because gasoline and tires are substitutes. c to the right, because gasoline and tires are normally used together. d to the left, because gasoline and tires are normally used together. e to the right, because gasoline and tires are substitutes.
The correct answer for the given option is D (to the left, becuase gasoline and tires are normally used together)
What is substitute and complement?
Substitute is a product or service that can be easily replaced with another by consumers
Complement is a product or service that are consumed together
In this context, gasoline and tires are complements. If two goods are complements, then they will be having joint demand. The demand of one good will affect the other. So, when the gasoline price is increasing, then the demand of people buying cars will decrease and that means the demand of new tires will be lower than before.
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when firms exit a perfectly competitive market, what is the impact on prices? group of answer choices prices go down. there is no impact on prices. prices go up. prices will rise but then return to previous level because the demand will automatically adjust.
When firms leave a perfectly competitive market, prices rise but then return to their old levels as demand automatically adjusts. Here option D is the correct answer.
Because in perfect competition, the market price remains constant in the long run. And a single firm cannot change the market price because many are in a perfectly competitive market.
According to economic theory, perfect competition occurs when all firms sell identical products, market share does not affect prices, firms can enter or exit without barriers, buyers has perfect or complete information, and the business cannot determine the price.
For example, when we assume that a large company exits the market and the market supply decreases in the short run, prices are high in the short run and the firms generate supernormal profits in the short run, but in the long run. term, new firms are entering the market. for this benefit and the conditions of free entry.
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As the south’s economy moved toward reliance on a single crop, cotton, slave workloads increased because?.
Slaveholders raised productivity expectations as they invested more cash in land and labor. The first economic advantage of sla-very is appreciated quickly: you get employment in exchange for no pay.
Sla-very is inefficient. The economy, in a way that ret-ards innovation and capital accumulation. And slave labor provided the stuff for brand-spanking new England's textile mills, stimulating the nation's early industry.
Some slaveholders tried and true this case by liberating slave laborers; way more determined to sell them. Though slavery was extremely profitable, it hurt the southern economy.
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on october 1, 2017, dew company placed a new asset into service. the cost of the asset was $80,000 with an estimated eight-year life and an $8,000 salvage value. assuming a year-end of december 31, what is the depreciation expense for 2017 if dew company uses the straight-line method of depreciation?
The depreciation for dew company for the year 2017 is $2250
The simplest way to determine depreciation over time is through straight-line depreciation. According to this method, an asset's value is reduced by the same amount for each year that it is in use. The "straight line" is literally a straight line from the asset's initial cost to the point at which it has reached salvage value if the asset's value were to be plotted over time.
Cost of asset = $80000
Salvage value = $8000
Estimated life = 8 years
Annual depreciation = Cost - Salvage value/Estimated life in years
= 80000 - 8000/8
= 72000/8
= $9000
Depreciation from October 1, 2017 to December 31, 2017 is calculated for 3 months
Therefore,
$9000*3/12
= $2250
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if someone has a home valued at $100,000 and they currently owe $60,000. what is the biggest home equity line of credit they can get if the bank requirement for ltv is 90%.
Value of the house = $100,000
Amount owed = $60,000
Bank requirement is 90%
Therefore, the biggest home equity line of credit they can get is
= ($100,000 - $60,000) * 90%
= $40,000 * 90/100
=$36000
Home Equity Line Of Credit or HELOC is a variable-rate loan which allows to borrow a part of the pre-approved amount offered by the bank. This loan works similar to how a credit card works.
Similar to a home loan, the houses serve as collateral and repayment will include principal and interest. The repaid amount can be re-borrowed like a credit card.
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a farmer wants to save on farming costs by cutting his farming staff in half. he is currently using a mix of flood and furrow irrigation. (5 points) propose a new irrigation solution that will meet the needs of the farmer. explain the reason for your selection. describe the unintended consequences for the potential solution.
The border irrigation approach will be a fine alternative for this.
What is border irrigation in agriculture?Border irrigation is a kind of floor irrigation the location the field is divided into strips separated via the use of border ridges running down the gradient of the field.
The place between the ridges is flooded for the length of irrigation
What is the gain of border irrigation?
If border irrigation can be used on self-discipline that is typically flood-irrigated, it can provide sure advantages: Less manufacturing area misplaced with border than with levees.
Improved capacity to irrigate small crops.
No want to repair or rebuild the border between irrigations.
The specific 5 types of irrigation include- sprinkler irrigation, surface irrigation, drip irrigation, sub-irrigation, and manual irrigation.
Therefore, the border irrigation approach will be a fine alternative for this.
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ray and gina own shares of stock in a number of different companies. none of their holdings are very large. because they make their own investment decisions, they are not as dependent on the board of directors to represent their interests as the large-block shareholders are. a. true b. false
The statement 'Ray and Gina own shares of stock in a number of different companies. None of their holdings are very large. Because they make their own investment decisions, they are not as dependent on the board of directors to represent their interests as the large-block shareholders are' is false.
When you hold stock in a company, whether it be of low value or high value' you have to go along with the board of directors of the company. You cannot make a decision on your own without getting approval from the board of directors.
In the case above, although Ray and Gina might be having a small share of stock in different companies, they are still entitled to be dependent on the board of directors as much as the large-block shareholders are.
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how has the revolution in computers changed the way workers do their jobs? provide at least one specific example
The computer revolution altered because it led to an increase in the usage of computers in the workplace.
What exactly is the computer revolution?The Digital Revolution (also known as the Third Industrial Revolution) is the transition from mechanical and analog electronic technology to digital electronics that began in the latter half of the twentieth century with the adoption and proliferation of digital computers and digital record-keeping and continues to the present day.
Implicitly, the word also refers to the dramatic changes brought about by digital computing and communication technologies during this time period. The Digital Revolution, comparable to the Agricultural Revolution (Neolithic) and the First Industrial Revolution (1770-1840), signaled the start of the Information Age.
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oppenheimer beet processors, incorporated, processes sugar beets in batches. a batch of sugar beets costs $59 to buy from farmers and $21 to crush in the company's plant. two intermediate products, beet fiber and beet juice, emerge from the crushing process. the beet fiber can be sold as is for $35 or processed further for $27 to make the end product industrial fiber that is sold for $47. the beet juice can be sold as is for $55 or processed further for $35 to make the end product refined sugar that is sold for $81. what is the financial advantage (disadvantage) for the company from processing the intermediate product beet juice into refined sugar rather than selling it as is?
The financial advantage (disadvantage) for the company from processing the intermediate product beet juice into refined sugar rather than selling it as is $9.
Revenue after processing into refined sugar = $81
Revenue if sold as is = $55
Incremental revenue = Revenue after processing into refined sugar -
Revenue if sold as is
∴ Incremental revenue = $81 - $55 = $26
Processing costs = $35
Incremental income(loss) = Processing costs - Incremental revenue
∴ Incremental income(loss) = $35 - $26 = $9
The profit generated by a rise in sales is known as incremental revenue. It can be used to calculate the extra revenue brought in by a specific product, investment, or direct sale from a marketing campaign when sales volume has increased.It's common to compare incremental revenue to product cost. To turn a profit, businesses have to ensure that incremental revenue outweighs incremental expense for each product. Incremental revenue is primarily used by businesses to examine overall profit margins because it does not take overhead expenses into account.Learn more about Incremental revenue, here
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richie just spent $1,000 fixing his car even though the mechanic told him the car will continue to need expensive repairs that may total more than the vehicle is worth. richie is likely experiencing the .
Richie is likely experiencing the sunk cost fallacy. Thus, option B is correct.
What are repairs?
Repairs, as well as upkeep, are costs associated with the routine maintenance and care of financial assets which are required to maintain the resources in their typical state.
Richie just invested $1,000 in mending his automobile, despite the fact that the technician warned that the costs of future repairs could exceed the value of the car.
This same situation where someone is unwilling to change a method or action plan since they've put a lot of time and money into it, even though it is obvious that switching would be better is sunk cost.
Therefore, option B is the correct option.
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The question is incomplete, the complete question will be:
Richie just spent $1,000 fixing his car even though the mechanic told him the car will continue to need expensive repairs that may total more than the vehicle is worth. Richie is likely experiencing the _____.
A. personal fable
B. sunk cost fallacy
C. base rate neglect
D. invincibility fable
when in a hurry to complete a project where time is of the essence, and rework is possible, which method of reducing project duration is most appropriate? multiple choice question.
When in a hurry to complete a project where time is of the essence, and rework is possible, the most appropriate method of reducing project duration is to Do it twice-fast and correctly.
Project management is the process of planning, organizing, and controlling resources to achieve specific goals within time. A project is a temporary endeavor with a defined beginning and end.
Project management is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements. Project management is a critical skill for any organization. It helps to ensure that projects are completed within duration, budget, and to the required standards.
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a company believes it can sell 5,700,000 of its proposed new optical mouse at a price of $10.00 each. there will be $8,000,000 in fixed costs associated with the mouse. if the company desires to make a profit $2,000,000 on the mouse, what is the target variable cost per mouse?
The target variable cost per mouse is 4,300,000$ as per formula ; Profit = Sales - Variable Cost - Fixed Cost.
What are an example and a variable cost?Variable costs are those that alter as the volume changes. Variable costs include things like raw materials, piece-rate labor, production supplies, commissions, shipping costs, packing costs, and credit card fees. In some accounting accounts, the variable costs of production are called as "Cost of Goods Sold."
What exactly are variable and fixed costs?Fixed costs are expenses that, regardless of the volume of outputs, remain constant over time in accounting. Variable costs are those expenses that change directly in response to shifts in the volume or intensity of business activity.
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what are the typical requirements for a new business to obtain a city or county business license? (check all that apply.)
To allow businesses to function, the government of a particular municipality or state issues licences and permits. Business licences safeguard the public's health and safety by holding companies responsible for their actions and behaviour.
The businesses level of expertise and knowledge that a particular professional possesses is demonstrated by their professional licences. A business licence is required in India for a specific person to launch a business. This is a crucial document that the local council has produced. A business licence is a permit given to companies by a government agency allowing them to operate in a certain location. The federal, state, or local governments may issue them.
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during a strike, management is allowed to discharge non-strikers who refuse to take over a striker's job. True or False
The statement that management is allowed to discharge non-strikers who refuse to take over a striker's job is True.
How should companies handle strikes?Even though strikes can hurt the production of goods or services for a company, they are not allowed to act n certain ways. One of them is that they cannot offer benefits to those striking as this might undermine the striking union.
Companies can however, ask their non - striking workers to take over the jobs left by the strikers for the time being. If the non - striker refuses, they can be discharged.
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g apr on a loan is 6% compounded quarterly the effective annual rate is the borrower paying? what is compounded monthly
6.17 percent As an illustration, an effective interest rate of 6.17 percent corresponds to a nominal interest rate of 6% compounded monthly.
How is effective annual compounded quarterly calculated?The calculations and formula are as follows: The effective annual interest rate is (1 minus the nominal rate multiplied by the number of compounding periods) minus 1.This is what investment A would be:10.47% = (1 + (10% ÷ 12)) ^ 12 - 1.
Which is superior, monthly or annual compounding?However, compounding typically results in a higher annual interest rate. The amount invested grows for twelve months rather than monthly. But if you can get the same interest rate for monthly payments as for annual payments, take advantage of it.
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A corporate officer is liable to the corporation or its shareholders for a bad business decision. True or false?.
The answer is FALSE, a corporate officer is NOT liable to the corporation or its shareholders for a bad business decision.
What is corporate officer?
Corporate officers are the agents through which the board of directors acts. The board makes the decisions and designates the officers to execute them.
Why is corporate officer is not liable for a bad business decision to the corporation or the shareholders?
As mentioned above, officers will execute anything that is being designated to them by the board. The board here will consists of board of directors and they are the one who will able to control the corporation.
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minority, women, and disabled veteran-owned firms are accurately described by which of these? group of answer choices they often partner with larger firms in a diversity supplier role. they often operate at an economic advantage. they have a medium rate of business failure. they face limited competition from more established firms.
Minority, women, and disabled veteran-owned firms are accurately described by they often partner with larger firms in a diversity supplier role.
A company is considered a diverse supplier if it is at least 51% owned and run by someone or some group that has historically been underrepresented or underserved. Small businesses (SBEs), minority-owned businesses (MBEs), and woman-owned businesses are common categories. Businesses run by other underrepresented groups, including LGBQT people, veterans, and owners of disabilities, have increasingly been included in the definition of diversity over time.
The 1950s and 1960s civil rights movement served as a crucial foundation for the history of supplier diversity in the United States. After racial unrest erupted in Detroit in 1968, General Motors established what is known as one of the first supplier diversity initiatives. The majority of the American auto industry soon followed suit. Around this time, pioneers in the electronics sector like IBM started to implement supplier diversity programs. Public Law 95-507, which was later passed, created a program to encourage government contractors to integrate minority-owned companies into their supply chains.
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bryce earned the trust and respect of his employees by consistently modeling the kinds of behaviors that he expects from them. what type of power does bryce possess?
“Leadership demonstrating and promoting 'normatively appropriate conduct through personal actions and interpersonal relations'” is the definition of ethical leadership.
This really means that putting people in management and leadership positions who will promote is the definition of ethical leadership.
What kind of power is there in each person, regardless of where they sit in an organization?personal power The individual is the source of personal power, regardless of the position they hold. position power resides in the position, no matter who holds it. power is the potential for a single individual or group to exert control over another individual or group.
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g the allowance for doubtful accounts a. is a contra-revenue account. b. is credited (increased) when a company writes off accounts receivable. c. is credited (increased) when a company recognizes bad debt expense. d. is an expense account.
A contra-revenue account is a provision for dubious accounts. The right response in this case is option A.
Because it lowers the value of an asset in this example, the accounts receivable the allowance for dubious accounts is referred to as a "contra asset." The allowance, also known as a bad debt reserve, is management's best guess as to how many accounts receivable customers will not pay.
You must include the cost of creating an allowance for doubtful accounts on your company's balance sheet. Record it as an expense on your income statement if the dubious debt ultimately turns out to be a bad debt.
Contra assets, as opposed to the part on current assets, is where allowance for dubious accounts belongs. The balance of a contra-asset account will either be zero or negative.
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which cost of quality category includes performing audits to confirm that the quality system is operating properly? which cost of quality category includes performing audits to confirm that the quality system is operating properly? prevention costs external failure costs internal failure costs appraisal costs
The appraisal Cost of the quality category includes performing audits to confirm that the quality system is operating properly. Option(d) is correct.
Cost of quality refers to a system that enables an organization to assess how much of its resources are allocated to operations that avoid subpar quality, evaluate the quality of the firm's goods and services, and are caused by both internal and external failures.
Costs of appraisal are related to quality monitoring and measurement activities. These expenses relate to the suppliers' and clients' verification of the specifications compliance of the materials, procedures, goods, and services they have purchased.
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Anna purchases a wedding dress and takes the dress to jessica for alteration. Anna and jessica agree that anna will pay jessica $75 for the alterations. After jessica begins working on the dress, she has second thoughts. Jessica contacts anna and advises her that the alternations will cost $150 instead of $75. Because anna’s wedding is in just two weeks, anna reluctantly agrees. Once the alterations are completed, anna pays jessica the $75 originally agreed on. Is jessica entitled to the additional $75?.
Option A. No, Jessica is not entitled to the additional $75 because there is no additional consideration for the revision to the contract.
Why is Jessica not entitled to the amount?
A contract record with the status value of APPR may be revised to make changes. Contracts without any recent revisions and with the status value of APPR are eligible for the Revise Contract action. When you change a contract, all of the information from the original copy is duplicated.
Contract lines, terms and conditions, related SLAs, commodities, permitted sites, and the contract number are all duplicated. No, Jessica is not entitled to the additional $75 once the revisions have been made in the example because the contract revision has already been paid for.
The modifications to the original contract might be listed in a letter that both parties must sign. A contract amendment can be generated using a template or from a provider of legal services. The original signed contract can have addendum pages at the end of it, either digitally or printed.
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Anna purchases a wedding dress and takes the dress to Jessica for alteration. Anna and Jessica agree that Anna will pay Jessica $75 for the alterations. After Jessica begins working on the dress, she has second thoughts. Jessica contacts Anna and advises her that the alternations will cost $150 instead of $75. Because Anna’s wedding is in just two weeks, Anna reluctantly agrees. Once the alterations are completed, Anna pays Jessica the $75 originally agreed on. Is Jessica entitled to the additional $75?
No, Jessica is not entitled to the additional $75 because there is no additional consideration for the revision to the contract.
Yes, Jessica is entitled to the additional $75 because Anna agreed to it, forming a valid contract.
Yes, Jessica is entitled to the additional $75 because the original contract contained insufficient consideration.
No, Jessica is not entitled to the additional $75 because contracts cannot be altered once the terms are agreed on.
a company purchased a weaving machine for $190,000. the machine has a useful life of 8 years and a salvage value of $10,000. it is estimated that the machine could produce 750,000 bolts of woven fabric over its useful life. in the first year, 105,000 bolts were produced. in the second year, production increased to 109,000 units. using the units-of-production method, what is the amount of depreciation expense that should be recorded for the second year? multiple choice $25,200. $27,613. $53,160. $26,160. $26,600.
A company purchased a weaving machine for $190,000. The machine has a useful life of 8 years and a residual value of $10,000. It is estimated that the machine could produce 750,000 bolts of woven fabric over its useful life. In the first year, 105,000 bolts were produced. In the second year, production increased to 109,000 units. Using the units-of-production method, $26,160 is the amount of depreciation expense that should be recorded for the second year.
The units-of-production depreciation method is calculated by using the following formula:
Depreciation Expense = [(Cost of asset –
Residual Value)/Life in Number of Units] x
Number of Units Produced = Depreciation expense per unit x Number of units produced.
In the company,
Depreciation Expense per bolt = ($190,000 –$10,000)/750,000 = $0.24
In the second year, 109,000 bolts were
produced,
Depreciation expense for the second year
= $0.24 x 109,000 = $26,160
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