Canada TranCanada Tran jet costs $ 28 comma 000 comma 000$28,000,000 and is expected to fly 200 comma 000 comma 000200,000,000 miles during its 88-year life. Residual value is expected to be zero because the plane was used when acquired. If the plane travels 26 comma 000 comma 00026,000,000 miles the first year, how much depreciation should Canada TranCanada Tran record under the units-of-production method? (Round the depreciation per unit to two decimal places.)

A.

$ 3 comma 640 comma 000$3,640,000

B.

$ 7 comma 000 comma 000$7,000,000

C.

$ 3 comma 500 comma 000$3,500,000

D.

Cannot be determined from the data given

Transactions that affect earnings do not necessarily affect cash. identify the effect, if any, that each of the following transactions would have upon cash and net income. the first transaction has been completed as an example. (if an amount reduces the account balance then enter with negative sign preceding the number e.g. -15,000 or parentheses e.g. (15, cash net income (a) purchased $120 of supplies for cash. –$120 $0 (b) recorded an adjustment to record use of $35 of the above supplies. (c) made sales of $1,370, all on account. (d) received $700 from customers in payment of their accounts. (e) purchased equipment for cash, $2,450. (f) recorded depreciation of building for period used, $740. click if you would like to show work for this question: open show work

Xie company identified the following activities, costs, and activity drivers for 2017. the company manufactures two types of go-karts: deluxe and basic. activity expected costs expected activity handling materials $ 625,000 100,000 parts inspecting product 900,000 1,500 batches processing purchase orders 105,000 700 orders paying suppliers 175,000 500 invoices insuring the factory 300,000 40,000 square feet designing packaging 75,000 2 models required: 1. compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. 2. in january 2017, the deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. assign overhead costs to each model using the single plantwide overhead rate.

If a seller prepaid the taxes of $4,400 and the closing is set for may 19, using the 12 month/30 day method what will the buyer owe the seller as prorated taxes?