Question and answer
On January 1, 2013, Zane Manufacturing Company purchased a machine for $40,000. The company expects to use the machine a total of 24,000 hours over the next 6 years. The estimated sales price of the
machine at the end of 6 years is $4,000. The company used the machine 8,000 hours in 2013 and 12,000 in 2014. What is depreciation expense for 2014 if the company uses units - of - production depreciation? 61) A) $9,000 B) $18,000 C) $10,000 D) $6,000
D. $6000 is the declining balance depreciation. Read more ] ]
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Original conversation
User: On January 1, 2013, Zane Manufacturing Company purchased a machine for $40,000. The company expects to use the machine a total of 24,000 hours over the next 6 years. The estimated sales price of the machine at the end of 6 years is $4,000. The company used the machine 8,000 hours in 2013 and 12,000 in 2014. What is depreciation expense for 2014 if the company uses units - of - production depreciation? 61) A) $9,000 B) $18,000 C) $10,000 D) $6,000

Weegy: D. $6000 is the declining balance depreciation. Read more ] ]
belladonnax|Points 130|

User: On January 1, 2013, Zane Manufacturing Company purchased a machine for $40,000. The company expects to use the machine a total of 24,000 hours over the next 6 years. The estimated sales price of the machine at the end of 6 years is $4,000. The company used the machine 8,000 hours in 2013 and 12,000 in 2014. What is the book value of the machine at the end of 2014 if the company uses straight-line depreciation?

Weegy: For which schoD. $6000 is the declining balance depreciation. Read more ] ] ol please?
Expert answered|neggy|Points 0|

User: What is the maturity value of a 3-month, 12% note for $20,000?

Weegy: If it's Percentage of Sales the answer would be $28,000. If it's Percentage of Receivables, the answer is $21,000 (28,000 - 7,000).
Expert answered|neggy|Points 0|

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Asked 7/6/2013 12:03:50 PM
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A newly created design business called Smart Art is just finishing up its first year of operations. During the year, there were credit sales of $40,000 and collections of $36,000. One account for $650 was written off. Smart Art uses the aging - of - accounts method to account for uncollectible account expense, and has calculated an amount of $200 as their estimate of uncollectible amounts at year - end. At the end of the year, what is the ending balance in Accounts ...
Weegy: The answer is A) $36,000. User: ) A newly created design business called Smart Art is just finishing up its first year of operations. During the year, there were credit sales of $40,000 and collections of $36,000. One account for $650 was written off. Smart Art uses the aging method to account for uncollectible account expense, and has calculated an amount of $200 as their estimate of uncollectible amounts at year-end. At the end of ... (More)
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Asked 7/6/2013 12:14:30 PM
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