A machine with a cost of 5191900 has an estimated residual

Assignment Help Accounting Basics
Reference no: EM13598681

A machine with a cost of $51,919.00 has an estimated residual value of $3,351.00 and an estimated life of 5 years or 16,699 hours. What is the amount of depreciation for the second full year, using the double declining-balance method ?

Reference no: EM13598681

Questions Cloud

Prior to the last weekly payroll period of the calendar : prior to the last weekly payroll period of the calendar year the cumulative earnings of employees a and b are 106150
Discuss several reasons why a parent company would be : discuss several reasons why a parent company would be willing to pay more than book value for subsidiary stock
He followed up by e-mail yes the supplier assured him the : mark richards is the purchasing agent for the hart manufacturing company. kent sampson is head of the production
Consider the production cost information for santiagos : santaigos salsaproduction costsapril 2008production 20000 jars of salsaingredient cost variable 16000labor cost
A machine with a cost of 5191900 has an estimated residual : a machine with a cost of 51919.00 has an estimated residual value of 3351.00 and an estimated life of 5 years or 16699
You may use any of the additional resources listed in the : you may use any of the additional resources listed in the drop-down menu above to help you complete this activity but
If a company pays a dividend of 115 and the dividends are : if a company pays a dividend of 1.15 and the dividends are expected to grow at 20 over the next five years. in five
Computer equipment was acquired at the beginning of the : computer equipment was acquired at the beginning of the year at a cost of 53440.00 that has an estimated residual value
Jacob is an employee and used the computer 100 of the time : during 2011 someone broke into jacobs personal residence and took the following items asset adjusted basis fmv before

Reviews

Write a Review

Accounting Basics Questions & Answers

  Adams peters and blake share profits and losses for their

adams peters and blake share profits and losses for their apb partnership in a ratio of 235. when they decide to

  Ed summers expects to invest 10000 for 25 years after

ed summers expects to invest 10000 for 25 years after which he wants to receive 108347. what rate of interest must

  Journalize the merchandise transactions

Journalize the following merchandise transactions - Sold merchandise on account, $41,100 with terms 2/10, n/30. The cost of the merchandise sold was $26,750.

  During september the capital expenditure budget indicates a

during september the capital expenditure budget indicates a 420000 purchase of equipment. the ending september cash

  The unamortized bond discount is 8500 as of january 1 2005

bonds with the following characteristics are retired on january 1 2005 at 104 issue date january 1 2004 maturity date

  Amount reported on balance sheet for investment

The fair value of the Papa stock on that date was $53 per share. What amount will be reported in the balance sheet of Nana Company for the investment in Papa at December 31, 2011?

  Accrual of interest and the premium amortization on december

Prepare the journal entries to record the issuance of the bonds and the accrual of interest and the premium amortization on December 31, 2012.

  Jones and lange refiners began business on july 1 the

jones and lange refiners began business on july 1. the following operations data are available for july and the one

  The spot price of the swiss franc is 06500 the futures

the 2-month interest rates in switzerland and the united states are respectively 3 and 8 per annum with continuous

  Use of calendar year for tax purposes

All parties use the calendar year for tax purposes. On June 30, 2011, Robin repays the loans of $40,000 together with the specified interest of $4,000. How much of the interest can Robin Corporation deduct in 2010?

  Vail valley valentine has contacted truckee toys with an

vail valley valentine has contacted truckee toys with an offer to sell 5000 of the wickets for 18.00 each. if truckee

  Dring may 1800 pounds of cheese were used to produce 3580

the standard price per pound is the price that benjis has paid for cheese for the last few months. benjis normally uses

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