Reference no: EM132523841 Sunshine Company uses a flexible budget for manufacturing overhead based on machine hours. Variable manufacturing overhead costs per machine hour are as
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Prepare journal entry related to sheridan depreciable assets
Reference no: EM132462719
Problem – Sheridan Company changed depreciation methods in 2020 from double-declining-balance to straight-line. Depreciation prior to 2020 under double-declining-balance was $95,800, whereas straight-line depreciation prior to 2020 would have been $45,800. Sheridan’s depreciable assets had a cost of $238,200 with a $36,700 salvage value, and an 7-year remaining useful life at the beginning of 2020.
Required – Prepare the 2020 journal entry related to Sheridan’s depreciable assets (equipment).
Reference no: EM132440018 The standard free energy change for a reaction, ΔGo, is related to the equilibrium constant. If a reaction has a standard free energy