Answer:
depreciation expense 2017 = $180,000
depreciation expense 2018 = $144,000
depreciation expense 2019 = $115,200
Explanation:
purchase cost $900,000
estimated useful life 10 years
depreciation expense using double declining method = 2 x regular straight method depreciation rate x purchase cost
depreciation expense 2017 = 2 x 1/10 x $900,000 = $180,000
depreciation expense 2018 = 2 x 1/10 x $720,000 = $144,000
depreciation expense 2019 = 2 x 1/10 x $576,000 = $115,200
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The five C's of credit<span> is a system used by lenders to gauge the creditworthiness of potential borrowers. The system weighs five characteristics of the borrower and conditions of the loan, attempting to estimate the chance of default. The five </span>C's of credit<span> are character, capacity, capital, collateral and conditions.
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Answer:
$120 per unit
Explanation:
The computation of minimum acceptable transfer price is shown below:-
If the division of the transferor does not have spare capacity, the minimum transfer price is equal to variable cost per unit and the contribution margin per unit
Minimum transfer price = Variable cost per unit + (Selling price to outside customers - Variable cost per unit)
= $72 + ($120 - $72)
= $72 + $48
= $120 per unit
Therefore for computing the minimum transfer price we simply applied the above formula.