On June 30, 2024. Clooney Printers purchased a Priester for $58,000 it expects the printer to last for four years and have a residual value of 52.000 compute the depreciation expense on the printer for the yea ended December 31, 2024, using the straight-in method 

A   $7,000 

B. $14,500 

C $8.167 

D $14,000

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Score: 0.26 of 1 pt HW Score: 75,19%, 5.26 of 7 p CP17-41 (book/static) Question Help Piedmont Computer Company uses a job order costing system in which each batch manufactured is a different job. Piedmont Computer Company assigns direct materials and direct labor to each job. The company assigns labor costs at $25 per hour. It allocates manufacturing overhead to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2020, the controller prepared the following budget (Click the icon to view the budget) In November 2020, Piedmont Computer Company worked on several jobs. Records for two jobs appear here (Click the icon to view the records for the two jobs) Read the requirements Requirement 2. Compute the total cost of each job Job 721 Direct materials Direct labor Total cost 23,400 $ 19,500 Job 722 7 of 7 (6 complete) ▼ 2.500 1,500 ▶ Choose from any list or enter any number in the input fields and then click Check Answer Clear All Data Table Direct labor hours Direct materials Job 721 780 hours $ 23,400 Print Done $ - X Job 722 60 hours 2.500 Check Answer Score: 0.26 of 1 pt CP17-41 (book/static) edmont Computer Company uses a job order costing system in whi materials and direct labor to each job. The company assigns labor cos overhead allocation rate, computed as a percentage of direct labor co (Click the icon to view the budget.) In November 2020, Piedmont Computer Company worked on several EE (Click the icon to view the records for the two jobs.) Read the requirements. enu $ Requirement 2. Compute the total cost of each job Job 721 Direct materials $ 23,400 S Job 722 7 of 7 (7 complete) Requirement 1. Compute Piedmont Computer Company's predetermined overhead (OH) allocation rate for 2020 Estimated OH costs Estimated direct labor costs Predetermined OH allocation rate 290,000 1,160,000 2,500 Data Table 4 Manufacturing overhead Direct labor costs Print Done 25 HW Score - X $ 290,000 $ 1,160,000 ter Com based c ng budo Score: 0.26 of 1 pt HW Score: 75,19%, 5.26 of 7 p CP17-41 (book/static) Question Help Piedmont Computer Company uses a job order costing system in which each batch manufactured is a different job. Piedmont Computer Company assigns direct materials and direct labor to each job. The company assigns labor costs at $25 per hour. It allocates manufacturing overhead to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2020, the controller prepared the following budget (Click the icon to view the budget) In November 2020, Piedmont Computer Company worked on several jobs. Records for two jobs appear here (Click the icon to view the records for the two jobs) Read the requirements Requirement 2. Compute the total cost of each job Job 721 Direct materials Direct labor Total cost 23,400 $ 19,500 Job 722 7 of 7 (6 complete) ▼ 2.500 1,500 ▶ Choose from any list or enter any number in the input fields and then click Check Answer Clear All Data Table Direct labor hours Direct materials Job 721 780 hours $ 23,400 Print Done $ - X Job 722 60 hours 2.500 Check Answer Score: 0.26 of 1 pt CP17-41 (book/static) edmont Computer Company uses a job order costing system in whi materials and direct labor to each job. The company assigns labor cos overhead allocation rate, computed as a percentage of direct labor co (Click the icon to view the budget.) In November 2020, Piedmont Computer Company worked on several EE (Click the icon to view the records for the two jobs.) Read the requirements. enu $ Requirement 2. Compute the total cost of each job Job 721 Direct materials $ 23,400 S Job 722 7 of 7 (7 complete) Requirement 1. Compute Piedmont Computer Company's predetermined overhead (OH) allocation rate for 2020 Estimated OH costs Estimated direct labor costs Predetermined OH allocation rate 290,000 1,160,000 2,500 Data Table 4 Manufacturing overhead Direct labor costs Print Done 25 HW Score - X $ 290,000 $ 1,160,000 ter Com based c ng budo

Answer rating: 100% (QA)

ANSWER AND EXPLANATION Answer is option A 7000 Depreciatio... View the full answer