Check my we 5 During the first month of its current fiscal year Green Co. Incurred repair costs of $22,000 on a machine that had 3 years of remaining depreciable life. The repair cost was inappropriately capitalized. Green Co. reported operating Income of $159,000 for the current year 0.83 points Required: Assuming that Green Co. took a full year's straight-line depreciation expense in the current year, calculate the operating Income that should have been reported for the current year. Opent income nonces b. Assume that Green Cos total assets at the end of the prior year and at the end of the current year were $949.000 and $1,007,000, respectively. Calculate ROI (based on operating Income) for the current year using the originally reported data and then using corrected data. (Round your answers to 1 decimal place. leg.32,1) ROI Original data Corrected to ter 6-1 6 ts Grove Co. acquired a production machine on January 1, 2019, at a cost of $535,000. The machine is expected to have a four-year useful life with a salvage value of $102,000. The machine is capable of producing 72,000 units of product in its lifetime. Actual production was as follows: 15,840 units in 2019; 23,040 units in 2020; 20,160 units in 2021; 12,960 units in 2022. Following is the comparative balance sheet presentation of the net book value of the production machine at December 31 for each year of the asset's life, using three alternative depreciation methods (lters a-c): Required: Identify the depreciation method used for each of the following comparative balance sheet presentations (items a-c). If a declining- balance method is used, be sure to indicate the percentage (150% or 200%). (Hint: Read the balance sheet from right to left to determine how much has been depreciated each year. Remember that December 31, 2019, Is the end of the first year) BO Print Depreciation Method References Production Machine, Net of Accumulated Depreciation At December 31 2022 2021 2020 102.000 179,940 301,180 102.000 102,000 133.750 102,000 210.250 318,500 2010 439,740 267 500 426,750 b 9 Your supervisor has come to you with the following list of expenditures for the year and is asking you whether they should be captatured or expensed as repairs and maintenance. Indicate all of the expenditures that would most appropriately be capitalized 083 Check Al That Aedly Roosted the office building Noordwing onto the site belline Took heen ging alohe Asted newer o betonske ecur on sun um protection Bulbro us won the
