Complete the depreciation schedule

Assignment Help Financial Accounting

Reference no: EM13824322

On January 1, 2012, a company buys a truck for $42,000 cash. It has estimated residual value of $2,000, and an estimated life of 4 years, or 200,000 miles. Assume the company uses units-of-production depreciation. The truck drove 40,000 miles in 2012, 60,000 miles in 2013, 80,000 miles in 2014, and 20,000 miles in 2015. Please complete the depreciation schedule

Reference no: EM13824322

Questions Cloud

Why does the given story stand out for you : Why does the story "You Can't Take It With You or Tales from Margaritaville" stand out for you? Would you have made this week's selection of stories the topic of setting rather than theme or symbol? Share your thoughts and insight.

What is the annual dividend on the preferred stock : Day Inc. has 4,363 shares of 7%, $100 par value, cumulative preferred stock and 80,023 shares of $1 par value common stock outstanding at December 31, 2014. What is the annual dividend on the preferred stock?

Activity rate for processing activity cost pool : The problem belongs to Basic Accounting and it explanation about calculation of activity rate for processing activity cost pool

What is activity based overhead rate for the machine setups : Robot Toy Company manufactures two products, Techman and Mechman. Robot's estimated overhead costs for next year are. What is the activity based overhead rate for the machine setups?

Complete the depreciation schedule : On January 1, 2012, a company buys a truck for $42,000 cash. It has estimated residual value of $2,000, and an estimated life of 4 years, or 200,000 miles. Assume the company uses units-of-production depreciation. The truck drove 40,000 miles in 2012..

Current market value-corporation issues-shares outstanding : A corporation has 56,077 shares of $27 par value stock outstanding that has a current market value of $319 per share. If the corporation issues a 5-for-1 stock split, determine the number of shares outstanding.

What non financial factors should entertech consider : EnterTech has noticed a significant decrease in the profitability of its line of portable CD players. The production manager believes that the source of the trouble is old, inefficient equipment used to manufacture the product. Compute the net presen..

Equivalent units under the fifo method : What is the distinction between equivalent units under the FIFO method and equivalent units under the weighted-average method?

Deviate action-shareholder against management of company : Messrs. Forrest, Moss and Pine jointly purchased a piece of land located in Calgary for $1,000,000.00 with a view to erecting a large apartment building.

User Account

All Pages