Units-of-Production Depreciation Irons Delivery Inc. purchased a new delivery truck for $42,000 on January 1, 2019. The truck is expected to have a $2,000 residual value at the end of its 5-year useful life. Irons uses the units-of-production method of depreciation. Irons expects the truck to run for 150,000 miles. The actual miles driven in 2019 and 2020 were 40,000 and 36,000, respectively.
Required: Prepare the journal entry to record depreciation expense for 2019 and 2020. Round your answers to the nearest dollar. Do not round intermediate calculations.

Depreciation Expense  for 2019 is  $10,800 while Depreciation Expense for 2020 is $9,720

Rate of Depreciation = (Cost - Residual Value) ÷useful life  

                                = ($42,000 - $2,000) ÷ 150,000 miles  

                                 = $0.27

Depreciation Expense = Rate of Depreciation x unit of miles during the period

So,  

Depreciation Expense  for 2019 = $0.27 x 40, 000  

                                                =   $10,800

Depreciation Expense for 2020 = $0.27 x 36,000  

                                               = $9,720

Journal entries to record depreciation expense

Date       Account titles and explanation      Debit                 Credit

2019          Depreciation Expense                   $10,800

    Accumulated Depreciation                                                $10,800

Date       Account titles and explanation      Debit                 Credit

2020        Depreciation Expense                   $9,720

    Accumulated Depreciation                                                $9,720

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Explain collaborative ,planning,forecasting and replenishment each scenario briefly and indicate how they benefit supply chain partners,

Which of the following is NOT a factor of production?
A) mineral resources
B) money
C) a computer programmer
D) a commercial aircraft

is it c?​

The Blossom Company is a multidivisional company. Its managers have full responsibility for profits and complete autonomy to accept or reject transfers from other divisions. Division A produces a sub-assembly part for which there is a competitive market. Division B currently uses this sub-assembly for a final product that is sold outside at $1,488. Division A charges Division B the market price of $868 per unit of the part. Unit variable costs are $644 and $744 for Divisions A and B, respectively. The manager of division B feels that division A should transfer the part at a lower price than market because, at market, division B is unable to make a profit.

Required:
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Suppose that a flower nursery benefits from having a butterfly farm located only a few miles away, because the presence of the insects greatly improves flower pollination. Lawyers for the two companies meet to draft a legal document specifying the number of butterflies the farm promises to maintain in exchange for payments to be made by the nursery. Which of the following types of private solutions to the externality of pollination has occurred in this case?
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B) Charities
C) Moral codes and social sanctions
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How do firms maximize profits? Fill in the blanks to complete the passage regarding sunk costs for a manufacturer of ethanol.
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The following graph shows the supply curve for a group of students looking to sell used smartphones. Each student has only one used smartphone to sell. Each rectangular segment under the supply curve represents the “cost,” or minimum acceptable price, for one student. Assume that anyone who has a cost just equal to the market price is willing to sell his or her used smartphone.

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In the following table, indicate which statements are true or false based on the information provided on the previous graph.
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3. .Producer surplus is smaller when the price is $140 than when it is $100. (True or False)

3. In order for Beth to earn a producer surplus of exactly $60 from selling a used smartphone, the market price needs to be (Blank)

Activity-based costing for varying batch production
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case study on sustaining customers​

First month plus a security deposit is an example of this operating expense.
Equipment
Rent
O Fixtures
Advertising

Red Sun Rising just paid a dividend of $2.58 per share. The company said that it will increase the dividend by 20 percent and 15 over the next two years, respectively. After that, the company is expected to increase its annual dividend at 3.6 percent. If the required return is 12 percent, what is the stock price today

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As an Austrian–Thai company, Red Bull has done a remarkable job of positioning itself internationally by coming across as a local company in every country where Red Bull is sold. Would you be more or less likely to buy Red Bull knowing the brand is Austrian but with a strong Thai influence? Does it generally matter to consumers where a product originates from?

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Let's go through a series of calculations for Frank's cookie business.

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​

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Knowledge Check 01 Zeta Corporation is a manufacturer of sports caps, which require soft fabric. The standards for each cap allow 2.00 yards of soft fabric, at a cost of $2.00 per yard. During the month of January, the company purchased and used 25,000 yards of soft fabric at $2.10 per yard, to produce 12,000 caps. What is Zeta Corporation's materials price variance for the month of January

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If Mexico exports to Canada decline by $14 billion, by how much will Mexico's aggregate spending drop if their MPC is 0.8?

 C and b both are right?

Which of the following
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B) What effect would a cure for Mad Cow Disease have on the market for beef?
C) What is the future growth prospect for an economy?
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Expectancy Theory
Goal Setting Theory
Job Characteristic Theory
All of These

Graphs can be used to estimate information not represented on the graph. Please select the best answer from the choices provided T F

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The following Trial Balances, for the year-ended 31 December 2020, were prepared by the accountant prior to his departure.
All the plant of South (Pty) Ltd was purchased during the 2017 financial year.
The carrying amount of goodwill is considered to be equal to its recoverable amount.
Bank
Trial Balance at 31 December 2020
Retained earnings (year-end)
Share capital
(71,000) (45,000)
(200,000) (75,000)
Investment in South (Pty) Ltd
125,000 -
Property, plant and equipment
105,000 85,000
Inventory
38,000 25,000
Accounts receivable
27,000 20,000
25,000 15,000
Accounts payable
Sales
(39,000) (20,000)
(64,000) (55,000)
Dividend Income
(5,000) -
Cost of Sales
34,000 35,000
Operating Expenses
12,000 8,000
Taxation
3,000 2,000
Dividends
10,000 5,000
North (Pty) Ltd South (Pty) Ltd
00
Note: Comparatives are not required.
2

QUESTION 1 – REQUIRED
1.1
1.2
1.3
Prepare the consolidated Statement of Comprehensive Income for the year-ended 31 December 2020.
Presentation
Prepare the Statement of Changes in Equity for the year-ended 31 December 2020.
Presentation
Prepare the assets section only of the consolidated statement of financial position of North (Pty) Ltd and it subsidiary for the year- ended 31 December 2020.
Presentation
Sub- total
9 1
7 1
6
1
Marks Total

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Required
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