Annual amount of depreciation using straight line

Assignment Help Accounting Basics
Reference no: EM13257228

Scrape value is Rs 10000

Estimated useful life of an asset is 5 years

Then

Calculate the annual amount of depreciation using straight line method

Reference no: EM13257228

Questions Cloud

Calculate how much more michael will need : To make up the shortfall, Michael will make monthly contributions to his investment account which earns 6% compounded annually. How much must he save each month to have enough to buy the house in 4 years' time?
Briefly share two primary dimensions : What would be a briefly share two of your own primary dimensions of diversity, and two of your own secondary dimensions of diversity.no words limits.
What is the maximum possible coefficient of performance : To maintain a freezer box at -40°C on a summer day when the ambient temperature is 27°C, heat is removed at the rate of 1.25 kW. What is the maximum possible coefficient of performance of the freezer
What is the speed of electrons in the beam : Early black-and-white television sets used an electron beam to draw a picture on the screen. The electrons in the beam were accelerated by a voltage of 3.0 kV, What is the speed of electrons in the beam
Annual amount of depreciation using straight line : Calculate the annual amount of depreciation using straight line method
What is todays value of the bequest : A rich relative has bequeathed you a payment of $1,000 one year from now. Each year after that, you will receive a payment on the anniversary of the last payment that is 8% larger than the previous payment.
Find what is steady-state stability and transient stability : 1) During a transient fault and a permanent fault on the transmission line of a power network, mention the sequence of a line circuit breaker's operation. 2) During a network fault, the voltage and active power of a synchronous generator drops
Non cash assets and liabilities : Journalize the entries to record the liquidation outlined below,using Assets as the account title for the non cash assets and Liabilities as the account title for all creditors' claims.
Discuss the opportunity costs : Identify, quantify, and discuss the opportunity costs that arise from your decision to attend DeVry University. Using the concept of present value analysis, how would you justify your decision to acquire a college degree?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Advantages of recording system in small business

Why the small business need recording system in their business. What are the advantages of recording system in small business

  Problem regarding retained earnings

Four months later Hernandez declared a $.50 per share cash dividend. As a result of the dividends declared during the year, retained earnings decreased by?

  Identify each of these transactions as a deferred revenue

Cardon's Boat Yard, inc repairs store and cleans boats for customers. It is completing the accounting process for the year just ended November 30, 2912, The transactions during 2012 have been journalized and posted. The following data with respect..

  Obsolescence is an example of which cost category

Obsolescence is an example of which cost category?

  Depreciation on the income statement

Last year Attic charged $3,496,000 Depreciation on the Income Statement . If early this year Attic sold all its depreicable assets for their book value, the effect on financial statements would be (all other items remaining equal):

  Journal entry-stockholders section of balance sheet

The stockholders' equity section of Hiller Corporation's balance sheet at December 31, 2005, appears below: Prepare the journal entries to record the above stock transactions.

  Prepare journal entries to record the copier sale

prepare journal entries to record (a) the copier's sale; (B) the adjustment on December 31,2011, to recognize the warranty expense; and (c)the repairs that occur in November 2012.

  Absorption costing income statement problem

If 1,000 units remain unsold at the end of the month and sales total $150,000 for the month, what would be the amount of income from operations reported on the absorption costing income statement?

  Problem related to advantageous tax-wise

Joe has asked you to help him decide which of these potential contributions will be most advantageous tax-wise. Jay's taxable income is $3.5 million before considering the contribution. Rank the four alternatives and communicate your advice to Joe..

  Accounting rate of return on original investment

The company uses the straight-line method of depreciation with no mid-year convention. What is the accounting rate of return on original investment rounded to the nearest percent, assuming no taxes are paid.

  The chief administrator of uptown clinic a community mental

In an Excel spreadsheet: Provide a dollar range of costs to reduce budgets (worst and best case analysis). She needs to cut $94,000 in cost. Prioritize those cuts that can be made without impacting the operation or quality care of the organization.

  Amount that family income is includible in gross income

The Hightown council refused to increase the town budget. Robert Reed was laid off from work on Aug 4 2010. Earlier in the year he had been temporarily disabled from a job related injury and had received disability benefits. At year end Robert Ree..

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