Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer everythung, thanks Exercise 9-24 Blossom Company purchased a new machine on October 1, 2022, at a cost of $92,100. The company estimated that

please answer everythung, thanks
image text in transcribed
image text in transcribed
Exercise 9-24 Blossom Company purchased a new machine on October 1, 2022, at a cost of $92,100. The company estimated that the machine has a salvage value of $7,260. The machine is expected to be used for 84,000 working hours during its 10-year life. Compute depreciation using the following methods in the year indicated. Declining-balance using double the straight-line rate for 2022 and 2023. 2022 2023 Depreciation using the Declining-balance methods LINK TO TEXT LINK TO VIDEO Calculate the depreciation cost per hour. (Round answer to 2 decimal places, e.. $1.25) Depreciation cost per hour Units-of-activity for 2022, assuming machine usage was 500 hours. (Round answer to o decimal places, e.g. 5,275.) Depreciation using the Units-of-activity method for 2022 Click if you would like to Show Work for this question: Open Show Work Your answer is partially correct. Try again Suppose in its 2022 annual report that McDonald's Corporation reports beginning total assets of $29.00 billion, ending total assets of $31.00 billion, net sales of $22.50 billion, and net income of $4.20 billion. (a) Compute McDonald's return on assets. (Round return on assets to 2 decimal places, e.g. 5.12%.) McDonald's return on assets

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Surviving The OSHA Audit Common Sense Solutions To Your Most Feared OSHA Compliance Issues

Authors: David A. Casavant

1st Edition

0998743704, 978-0998743707

More Books

Students also viewed these Accounting questions

Question

Repeat Problem 12.8.1 for the data set given in DS 12.8.2.

Answered: 1 week ago

Question

Describe the rationale behind short-selling.

Answered: 1 week ago