Homework Answers
answer: $140153
depreciation expense for the year=((cost of equipment-salvage value)/estimated production units for lifetime)*units produced uring the year
cost of equipment=$417000
salvage value=$56000
estimated production units for lifetime=85000 units
units produced uring the year=33000 units
depreciation expense for the year=(($417000-$56000)/85000)*33000=$140152.94 rounding to nearest whole number $140153
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Genuine Spice Inc. began operations on January 1 of the current
year. The company produces eight- ounce bottles of hand and body
lotion called Eternal Beauty. The lotion is sold wholesale in
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$20 per case. The January direct materials, direct labor, and
factory overhead costs are as...
Genuine Spice Inc. began operations on January 1 of the current year. The company produces eight-...
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