Estimated annual operating and maintenance cost

Assignment Help Financial Accounting
Reference no: EM131292120

An inspecting and profiling web controller that costs $40,000 has a life of 8 years with a $5000 salvage value. The estimated annual operating and maintenance cost is $3700 per year. If use classical straight line depreciation method, fill in blanks below to correctly represent the equation for the cumulative depreciation at the end of year 4. (HINT: skip $ and comma symbols) Annual depreciation deduction in year k: dk = ( Blank 1 - Blank 2 )/Blank 3 Cumulative depreciation through year 4: d4* = Blank 4years x Blank 5depreciation per year.

Reference no: EM131292120

Questions Cloud

The owner of a small family-owned business prepares : The owner of a small family-owned business prepares his own payroll, but rapid expansion is making demands for his time in other areas. He hires you to design payroll procedures with the proper internal controls that a small payroll department can ha..
Journal entry to record the bonds issuance : Heathrow issues $2,300,000 of 8%, 15-year bonds dated January 1, 2011, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,987,457. Prepare the January 1, 2011, journal entry to record the bonds’ issuance...
If a straight-line depreciation method is used : A Caribbean cruise line has purchased a new cruise ship for $670,000 and expects to realize a net revenue of $190,000.00 each year for the next 10 years. The estimated salvage value of the ship at the end of its useful life of 10 years is $52,000. If..
Compute the double declining balance book value : Compute the double declining balance book value at the end of the 3rd year for an asset that originally cost $872 with a depreciable life of 5 years and a salvage value of $70.
Estimated annual operating and maintenance cost : An inspecting and profiling web controller that costs $40,000 has a life of 8 years with a $5000 salvage value. The estimated annual operating and maintenance cost is $3700 per year. If use classical straight line depreciation method, fill in blanks ..
Determine the ending inventory cost : The beginning inventory of Merchandise at Waldo Co. and data on purchases and sales for a three-month period are as follows: Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one illustr..
Point in time when the power to tax creates asset : Criteria for Intangible Asset Recognition. In preparation for the annual meeting of Barker County, the finance committee was meeting to discuss the financial reports that would be presented to the Board of Commissioners. Using those requirements, exp..
What is the degree of operating leverage : May Clothing is a retail men’s clothing store. May’s variable cost is $40.60 per shirt and the sales price is $81.20 per shirt. May plans to sell 210,000 shirts for the year and at this level would generate a before-tax profit of $2,940,000. What is ..
Audio sells headphones-would like to earn after-tax profits : ABC Audio sells headphones and would like to earn after-tax profits of $708 every week. Each set of headphones incurs variable costs of $9 and sells for $18. Rent and other fixed costs are $285 per week; the income tax rate is 20%. How many headphone..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare the budgets for the fiscal year ending december

Prepare the following budgets for the fiscal year ending December 31, 2006 using the provided spreadsheets. Note: it is required to use the provided worksheets using Excel formulas.

  What would woo report as total retained earnings

Assume Jason Woo Corp. restricted retained earnings in the amount of $280,000 on December 31, 2012. After this action, what would Woo report as total retained earnings in its December 31, 2012, balance sheet?

  Short-term cash flow crisis impact firm competitive strategy

Inventory management is critical to success in the simulation. With respect to your team, discuss how you decide to balance the risk of stockouts against the costs of maintaining excess inventory. Why do firms have trouble managing their cash flow? W..

  Indicate whether it is identified primarily with management

For each of the following, indicate whether it is identified primarily with management accounting (MA) or financial accounting (FA).

  What was your total nominal rate of return on investment

Suppose you bought a bond with an annual coupon rate of 7.2 percent one year ago for $945. The bond sells for $990 today. Assuming a $1,000 face value, what was your total dollar return on this investment over the past year? What was your total nomin..

  Transactions for bennett corporation in a journal

Record each of the transactions for Bennett Corporation in a journal.

  Identify the control principle that is violated

The following control procedures are used in Kelton Company for over-the-counter cash receipts. Each store manager is responsible for interviewing applicants for cashier jobs. They are hired if they seem honest and trustworthy. All over-the-counter r..

  Adjustment required for the investment account

On May 20, 2013, Montero Co. paid $1,000,000 to acquire 40% of ORD Corp.’s outstanding stock. Also assume that ORD Corp. paid a $100,000 dividend on November 1, 2013, and reported a net income of $700,000 for 2013. (a) Prepare the entry to record the..

  Journal entries for company purchased a special-purpose

journal entries for company purchased a special-purpose duplicating machine by issuing a five-year zero-interest

  Will joy owe interest if so on what amount

Joy pays no estimated taxes and does not claim any tax credits on her current year return. Will Joy owe interest, if so, on what amount and for how many days?

  The first permanent english settlement in new england

The first permanent English settlement in New England; established by religious separatists seeking autonomy from the church of England.

  What effect did this have on york''s 20x5 financial statement

For investments in TRADING SECURITIES, which of the following market value changes are recognized in earnings and what effect did this have on York's 20X5 financial statements

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