# ACC 291T Wk 5 - Apply: Connect Homework (2021 New)

PLDZ-14612 Free In Stock
\$ 0.00 USD
Description

https://www.hwtutorial.com/category/acc-291/

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

https://www.hwtutorial.com/

# ACC 291T Wk 5 - Apply: Connect Homework (2021 New)

Cala Manufacturing purchases land for \$311,000 as part of its plans to build a new plant. The company pays \$40,800 to tear down an old building on the lot and \$60,313 to fill and level the lot. It also pays  construction costs \$1,215,400 for the new building and \$76,720 for lighting and paving a parking area.  Prepare a single journal entry to record these costs incurred by Cala, all of which are paid in cash.

Rizio Co. purchases a machine for \$12,300, terms 1/10, n/60, FOB shipping point. Rizio paid within the discount period and took the \$123 discount. Transportation costs of \$278 were paid by Rizio. The machine required mounting and power connections costing \$850. Another \$401 is paid to assemble the machine and \$40 of materials are used to get it into operation. During installation, the machine was damaged and \$270 worth of repairs were made.  Complete the below table to calculate the cost recorded for this machine.

On January 1, the Matthews Band pays \$67,600 for sound equipment. The band estimates it will use this equipment for four years and perform 200 concerts. It estimates that after four years it can sell the equipment for \$1,000. During the first year, the band performs 45 concerts.  Compute the first-year depreciation using the straight-line method.

## Required information

[The following information applies to the questions displayed below.]   Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of \$44,200. The machine's useful life is estimated at 10 years, or 392,000 units of product, with a \$5,000 salvage value. During its second year, the machine produces 33,200 units of product.

Determine the machine’s second-year depreciation and year end book value under the straight-line method.

Tags
Recent Reviews Write a Review
0 0 0 0 reviews