1- Marigold Company uses the units-of-activity method in computing depreciation. A new plant asset is...
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1- Marigold Company uses the units-of-activity method in computing depreciation. A new plant asset is purchased for $42000 that will produce an estimated 100000 units over its useful life. Estimated salvage value at the end of its useful life is $4000. What is the depreciation cost per unit?
2- A petty cash fund of $105 is replenished when the fund contains $6 in cash and receipts for $96. The entry to replenish the fund would
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