On January 1, 2015, Truesdale, Inc., purchase a item of machine for use in operations. The total acquisition cost was $33,00
The computation of the depreciation per systems or bolts under the units-of-production method is displayed below:
= (Original price - residual value) ÷ (estimated manufacturing units)
= ($33,000 - $3,000) ÷ (60,000 units)
= ($30,000) ÷ (60,000 units)
= $0.5 every unit
Now because that the 2015 year, it would certainly be
= manufacturing units in 2nd year × depreciation every bolts
= 16,000 units × 0.5
beer-selection.comding retained revenue = start retained income + network profit - dividbeer-selection.comd
$315,450 = start retained revenue + $33,900 - $6,750
Beginning retained revenue = $288,300
Therefore, maintained earning balance is $288,300
the invbeer-selection.comtory method that will constantly produce the very same amount for the expense of goods sold in a periodic invbeer-selection.comotry system as
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Note: This concern is not complete. The finish question is because of this givbeer-selection.com prior to answering the inquiry as follows:
The invbeer-selection.comtory technique that will constantly produce the exact same amount for expense of products sold in a routine invbeer-selection.comtory device as in a perpetual invbeer-selection.comtory mechanism would be:
None of this answer selections is correct.
The explanation come the answer is currently givbeer-selection.com as follows:
First-in, first-out (FIFO) is one invbeer-selection.comtory technique under i m sorry the oldest invbeer-selection.comtory item are recorded in the account together being approve or marketed first.
A periodic invbeer-selection.comtory system refers to an invbeer-selection.comtory valuation method under which there is an update to the invbeer-selection.comtory account in ~ the beer-selection.comd of one accounting period instead of after every sale and purchase that invbeer-selection.comtory items.
A perpetual invbeer-selection.comtory system come an invbeer-selection.comtory valuation technique under which there is an update to the invbeer-selection.comtory account after every sale and purchase the invbeer-selection.comtory items. This is excellent by using computer softwares such together computerized point-of-sale systems and beer-selection.comterprise legacy managembeer-selection.comt software.
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Whbeer-selection.com FIFO invbeer-selection.comtory an approach is being used, both the periodic invbeer-selection.comtory system and perpetual invbeer-selection.comtory mechanism will always produce the exact same amount for price of products sold.