Double-declining-balance method

Assignment Help Accounting Basics
Reference no: EM13819074

A company purchased a POS cash register on January 1 for $5,200. This register has a useful life of 10 years and a salvage value of $500. What would be the depreciation expense for the second-year of its useful life using the double-declining-balance method? Round all calculations to whole dollar amounts

Reference no: EM13819074

Questions Cloud

Net worth on a banks balance sheet is : Net Worth on a bank's balance sheet is
Stores need not accept your check but must accept currency : Stores need not accept your check but must accept currency because
About retained earnings : Which of the following is true about retained earnings?
Capital stock is fixed-average physical product of labor : Suppose that in the short run the capital stock is fixed at 100, write down an expression for. The total physical product of labor. The average physical product of labor.
Double-declining-balance method : A company purchased a POS cash register on January 1 for $5,200. This register has a useful life of 10 years and a salvage value of $500. What would be the depreciation expense for the second-year of its useful life using the double-declining-bala..
The binomial model a useful technique : Why is the binomial model a useful technique for approximating options prices from the Black- Scholes(-Merton) model? Describe some applications and uses of this model. Does put-call parity always hold in financial markets? If not, give a few reasons..
Outline a financial plan for your small business : Outline a financial plan for your small business. "Island Auto Detailing" Develop a guerrilla marketing strategy for your small business. Discuss the most appropriate location for a second store (an actual street address). Explain your reasoning. Out..
Write a position paper for my argument theory class : write a position paper for my argument theory class but I can not find any support for my claim. I have tried altering my claim slightly to find support and it has not yeilded any results. Should I just pick a different claim?
A national or international matter : Write a speech in your own words about a national or international matter that interests you, It has to be done in the ROGERIAN METHOD. How will you win over the opposing side? No citations needed but dont do s speech based on facts or statistics. Mi..

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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