Please help me. I need help answering this question. Thank youuu.
Income statement
Straight line | Units of production | Double decline | |
Sales | 51000 | 51000 | 51000 |
Cost of goods sold | 40000 | 40000 | 40000 |
Gross profit | 11000 | 11000 | 11000 |
Other operating expense | 5100 | 5100 | 5100 |
Depreciation expense | 2600 | 2795 | 1944 |
Operating income | 3300 | 3105 | 3956 |
Interest expense | 1000 | 1000 | 1000 |
Income before tax | 2300 | 2105 | 2956 |
Please help me. I need help answering this question. Thank youuu. Required information CC9-1 Accounting for...
Please help me. I need help with these questions in Accounting. Thank you. Required information CC9-1 Accounting for the Use and Disposal of Long-Lived Assets [LO 9-3, LO 9-5] [The following information applies to the questions displayed below.) Nicole's Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the wellness programs at NGS. The machine was purchased at the beginning of the year at a cost of $13,500. The estimated useful life was five years and the residual...
Please help me. I need help with these questions. Thank you. Required information CC9-1 Accounting for the Use and Disposal of Long-Lived Assets [LO 9-3, LO 9-5] [The following information applies to the questions displayed below] Nicole's Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the wellness programs at NGS. The machine was purchased at the beginning of the year at a cost of $13,500. The estimated useful life was five years and the residual value was...
somebody help me with the three methods please, thank you very much Required information CC9-1 Accounting for the Use and Disposal of Long-Lived Assets [LO 9-3, LO 9-5) [The following information applies to the questions displayed below.] Nicole's Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the wellness programs at NGS. The machine was purchased at the beginning of the year at a cost of $16,000. The estimated useful life was five years and the residual value...
i need help with this, thank you (straight-line method/double-declining method/units of production method) Required information CC9-1 Accounting for the Use and Disposal of Long-Lived Assets [LO 9-3, LO 9-5] [The following information applies to the questions displayed below.] Nicole's Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the wellness programs at NGS. The machine was purchased at the beginning of the year at a cost of $16,000. The estimated useful life was five years and the residual...
please help me complete this income statement, thank you! -i don't understand why someone commented it's incomplete. at least tell me what i'm missing, thank you. NICOLE'S GETAWAY SPA (Forecasted) Income Statement For the Year Ended Year 3 Straight-Line Units-of- Production Double- Declining Balance Operating Expenses: Other Operating Expenses Total Operating Expenses 이 이 이 Required information CC9-1 Accounting for the Use and Disposal of Long-Lived Assets [LO 9-3, LO 9-5) [The following information applies to the questions displayed below.]...
need help with journal entry, thanks! 3 methods: straight line method, units of production method, double declining balance method Required information CC9-1 Accounting for the Use and Disposal of Long-Lived Assets [LO 9-3, LO 9-5] [The following information applies to the questions displayed below.] Nicole's Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the wellness programs at NGS. The machine was purchased at the beginning of the year at a cost of $16,000. The estimated useful life...
Nicole’s Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the wellness programs at NGS. The machine was purchased at the beginning of the year at a cost of $25,000. The estimated useful life was five years and the residual value was $1,000. Assume that the estimated productive life of the machine is 10,000 hours. Expected annual production was year 1, 2,550 hours; year 2, 2,300 hours; year 3, 2,050 hours; year 4, 2,100 hours; and year 5,...
Nicole’s Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the wellness programs at NGS. The machine was purchased at the beginning of the year at a cost of $6,500. The estimated useful life was five years and the residual value was $500. Assume that the estimated productive life of the machine is 10,000 hours. Expected annual production was year 1, 2,350 hours; year 2, 2,450 hours; year 3, 2,100 hours; year 4, 2,100 hours; and year 5,...
The last time I posted this someone said it came out blurry so I hope this one is better! Please complete the multi-part problem in the layout given. I appreciate your help! [The following information applies to the questions displayed below.) Nicole's Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the wellness programs at NGS The machine was purchased at the beginning of the year at a cost of $22,000. The estimated useful life was five years...
I NEED SOMEONE TO DO THIS FOR ME ASAP PLEASE! It's super easy, I just don't have time!! Seved Help Required information CC9-1 Accounting for the Use and Disposal of Long-Lived Assets [LO 9-3, LO 9-5) (The following information applies to the questions displayed below.) Nicole's Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the wellness programs at NGS. The machine was purchased at the beginning of the year at a cost of $22,000. The estimated useful...