Explain the concept of depreciation

Assignment Help Accounting Basics
Reference no: EM13767056

Accounting discussion question, 250 words minimum.

A variety of depreciation methods are used to allocate the cost of an asset to all of the accounting periods benefited by the use of the asset. Your client has just purchased a piece of equipment for $100,000. Explain the concept of depreciation. Which of the following depreciation methods would you recommend: straight-line depreciation, double declining balance method, or an alternative method?

Reference no: EM13767056

Questions Cloud

Research the web on linked-state routing protocol : Research the Web and look up information on linked-state routing protocol. Describe how linked-state protocol routing works. Discuss 2 examples of linked-state routing protocols. Explain how routing protocols differ from routed protocols.
Internet search using the term break-even analysis : Perform an Internet search using the term break-even analysis. Select and read a case study or article from the results of your search.
Describe architecture pattern : Describe your chosen architecture pattern. Explain why you selected the architecture of this case study. Explain how your chosen pattern could be applied to this case study.
Pros and three cons for each potential business formation : Identify three business formations that you believe Gloria could consider as appropriate for her business. Define each chosen business formation. Explain at least three pros and three cons for each potential business formation
Explain the concept of depreciation : Explain the concept of depreciation. Which of the following depreciation methods would you recommend: straight-line depreciation, double declining balance method, or an alternative method?
Efficient in terms of pizza product per worker : Describe and derive an expression for the marginal cost curve and describe and estimate the incremental costs of the extra 200 pairs per week (from 1,000 pairs to 1,200 pairs of shoes).
Give a definition of victimology : Give a definition of victimology. What is the history of victimology, and how has it developed? Explain how it is different from criminology, sociology, or psychology
Importance of using routing protocol-general functionality : Discuss the importance of using a routing protocol and explain general functionality. Router Information Protocol (RIP) is a distance-vector routing protocol than can be used by a router to send data from one network to another. What are the demer..
Psychology based problems : Describe how you would use this method in researching human behavior and what topics you might study.

Reviews

Write a Review

Accounting Basics Questions & Answers

  A person buysand sells a number of vehicles in a tax year

q1 a person buysand sells a number of vehicles in a tax year and makes asignificant amount of profit in the

  What is the per-unit value of ending inventory on july 31

acme-jones company uses a weighted-average perpetual inventory system. july 2 6 units were purchased at 13 per unit.

  The june utilities expense of 650 is not included in the

1.the supplies available at the end of fiscal year 2013 had a cost of 3300. 2.the cost of expired insurance for the

  Salvage value is expected to be zero at the end of each

sanchez corporation is considering three long-term capital investment proposals. relevant data on each project are as

  Response that addresses client questions

As a newly hired Staff I, you are responsible for analyzing the work papers for one of the clients of your organization. Your client is not clear about why you are asking for information on the following topics:

  Compute annual depreciation

Conlin Company acquires a delivery truck at a cost of $42,000.The truck is expected to have a salvage value of $6,000 at the end of its 4-year useful life. Compute annual depreciation for the first and second years using the straight-line method.

  Shortcomings in the payroll procedures

Identify the shortcomings in the payroll procedures used in the payroll department of the Galena plant and suggest corrective actions.

  Discuss differences between the indirect and direct methods

Discuss the differences between the indirect and direct methods of preparing the statement of cash flows. What do you believe are the most significant advantages and disadvantages of using each method? Explain your reasoning.

  Explain the advantages and disadvantages of using analysis

discuss the advantages and disadvantages of using analysis trees. do you think using an analytical tree approach would

  Treasury bills was 476 the average inflation rate was 297

during the period 1984 to 2008 the average yield on 3-month u.s. treasury bills was 4.76 the average inflation rate was

  Calculating travel deductions

Norman traveled to San Francisco for four days on vacation, and while there spent another two days conducting business for his employer. Norman's plane fare for the trip was $500; meals cost $150 per day; hotels cost $300 per day

  Listed below in scrambled order are 13 income statement

listed below in scrambled order are 13 income statement categories. use the numerals 1 through 13 to indicate the order

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