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Jet001 [13]
2 years ago
5

Holly, Inc. has a building that originally cost $562,500. Holly expects to be able to sell the facility for $160,500 at the end

of its useful life. The balance of the related Accumulated Depreciation account is $387,000. The residual value of the facility is:__________.
A. $226,500.
B. $175,500.
C. $160,500.
D. $402,000.
Business
1 answer:
storchak [24]2 years ago
6 0

Answer:

C. $160,500.

Explanation:

Depreciation: The depreciation is an expense that shows a reduction in the value of the fixed assets due to tear and wear, obsolesce, usage, time period, etc. It is shown on the debit side of the income statement. It is a non-cash item that does not affect the cash balance.

The formula to compute the depreciation expense under the straight-line method is shown below:

= (Original cost - residual value) ÷ useful life

The original cost is the purchase value of the assets

The residual value is the salvage value at the end of its useful life

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Labor Input Total Product Marginal Product Average Product 1 8 8 8.0 2 17 9 8.5 3 27 10 9.0 4 36 9 9.0 5 44 8 8.8 6 51 7 8.5 7 5
Yuki888 [10]

Answer:

Check the explanation

Explanation:

Labor Input is an indicator the pointer characterizing the labor expressed expenditure in man-hours on a production of a particular consumer value or on a technical operation.

Total product is the total amount of output that a firm produces; it is usually stipulated in relation to a variable input.

Marginal Product is the physical efficiency or productive ability of an input in the change in output which results from employing one more unit of a particular input, presumptuous that the amounts of other inputs are kept constant.

Average Product is the amount of the overall output that was being produced per unit of a variable input, holding all other inputs at a constant rate.

The graphical solution to the question above can be seen in the attached image below.

8 0
2 years ago
On march 12, klein company sold merchandise in the amount of $7,800 to babson company, with credit terms of 2/10, n/30. the cost
Ivenika [448]

The gross method of recording the sale is recording an account at its original price no deductions of the cash discounts offered.

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The journal entry would be:

Debit:


Accounts receivable 7,800 
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Credit:

Sales 7,800
Merchandise inventory 4,500

6 0
1 year ago
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