Computing depreciation under alternative methods

Assignment Help Accounting Basics
Reference no: EM131041070

Computing Depreciation under Alternative Methods

Putty Ice Cream Company bought a new ice cream maker at the beginning of the year at a cog,/ 59,000. The estimated useful life was four years, and the residual value was $1,000. Assume that the c; mated productive life of the machine was 16,000 hours. Actual annual usage was 5,500 hours in ye: ,800 hours in year 2; 3,200 hours in year 3; and 3,500 hours in year 4.
frig ttired:
Complete a separate depreciation schedule for each of the alternative methods. Round your answers to the nearest dollar.

a. Straight-line.
b. units-of-production (use four decimal places for the per unit output factor).
c. Double-declining-balance.

Reference no: EM131041070

Questions Cloud

Create an address book : COSC 151: Spring 2016 Final Project. The final project for COSC151 Spring 2016 you will create an Address Book. Functional Requirements - The user shall be presented a menu from which to pick the actions they wish to perform
Practice management ratios is the most important : As an officer manager, if you had to pick 3 practice management ratios to do on a monthly basis, which 3 would you pick? Do youbthink that one of the practice management ratios is the most important than the others? Why?
Minimum project duration : Given the project within the table below calculate a.The critical path b.The minimum project duration c. The amount of slack for each activity
Discusst the potential role of each of the factors listed : In each case, indicate whether the effect is through A, through K, through H, or through some combination of A, K, and H. A is the level of technology, K is the level of capital stock, H is the level of the Hu- man capital stock.
Computing depreciation under alternative methods : Putty Ice Cream Company bought a new ice cream maker at the beginning of the year at a cog,/ 59,000. The estimated useful life was four years, and the residual value was $1,000. Assume that the c; mated productive life of the machine was 16,000 ho..
Determine the maximum and average vertical shear stresses : A simply-supported beam of span 2 m is subjected to a lateral uniformly distributed load of 20 kN/m which causes a maximum vertical shear force of 20 kN at each support. Determine the maximum and average vertical shear stresses within the beam over..
How many of you have a subscription to netflix : How many of you have a subscription to Netflix? What is the value proposition of Netflix? What are the pros and cons of a subscription to Netflix as opposed to regular cable TV service
Violation of generally accpted accounting principles : True or False?? A certain contingent liability was evaluated at year end; the company felt it was probable that it would become an actual liability, and the amount could be reasonably estimated.
Draw the project network and list the earliest start : (a) Draw the project network and list the earliest start (ES), earliest finish (EF), latest start (LS) and latest finish (LF) for each task (b) List the tasks on the critical path (c) What is the expected project duration in weeks?

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  Implement team building approach

If a manager wants to implement team building approach, what does he or she need to learn?

  The trumpet company units of a product that required 325

the trumpet company units of a product that required 3.25 standard hours per unit. the standard fixed overhead cost

  Prepare the december 31 2013 closing entries for cruz

the following adjusted trial balance contains the accounts and balances of cruz company as of december 31 2013 the end

  Effects of impairment test for accounting period

Required: What are the accounting effects of this impairment test for accounting period 20X6?

  Prepare a monthly cash budget showing estimated cash

a company is negotiating with the bank for a 200000 90 day12 loan effective july 1 of the current year. if the

  Qd3000-10p qs-100010p where is q is the number of

qd3000-10p qs-100010p where is q is the number of businesses that need services and p is the monthly fee in

  A firms products have an average contribution margin ratio

a firms products have an average contribution margin ratio of 40 which will be maintained for the next month even

  Calculate balance of retained earnings at the end of year

Calculate the balance of retained earnings at the end of each year of Perry Consulting. Note that retained earnings will always equal $0 at the beginning of year 1.

  What adjusting entries are required

Problem 1: J.C. Clendenin accounts for installment sales by reporting income in the proportion of the collections to the selling price.

  Betty bronson has just retired after 25 years with the

betty bronson has just retired after 25 years with the electric company. her total pension funds have an accumulated

  Determine the number of grooming kits

Determine the number of grooming kits Scott must sell per show to break even.

  Determining transaction fee of underwriting

Sherman Brothers, Inc., sold 4 million shares in its IPO, at a price of $18.50 per share. Management negotiated a fee (the underwriting spread) of 7% on this transaction.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd