User Account

All Pages

Calculate the book value of the ute toyota

Assignment Help Accounting Basics
Reference no: EM132510652

Question - Vittorio started a landscaping business on 1 July 2016 and purchased a Ute Toyota for $46,000. He estimated the useful life of 4 years and an estimated residual value of $6,000 at the end of its useful life. Calculate the book value (written down value) of the Ute Toyota at 30 June 2019 if using straight line method of depreciation (assume financial year 1 July - 30 June)

a. None of the options is correct

b. $16,000

c. $10,000

d. $40,000

e. $11,500.

Reference no: EM132510652

Questions Cloud

Reversing the translation of rna : The Central Dogma of molecular biology states that the biological flow of information is from DNA to RNA to protein. Many examples of viral replication
AF4S997 Quantitative Methods for Finance and Risk Management : AF4S997 Quantitative Methods for Finance and Risk Management Assignment Help and Solution, University of South Wales - Assessment Writing Service
Surveillance vs. public health surveillance : What distinguishes public health surveillance from other types of surveillance, such as criminal surveillance, military surveillance, and so forth?
Which costs would not be included in finished cost inventory : Under variable costing, which of the following costs would not be included in finished goods inventory? steel costs for a machine tool manufacturer
Calculate the book value of the ute toyota : Vittorio started a landscaping business on 1 July 2016 and purchased a Ute Toyota for $46,000. Calculate the book value of the Ute Toyota
What amount should kingbird report as december : What amount should Kingbird report as its December 31 inventory? Kingbird, Inc. took a physical inventory on December 31 and determined
Proprietor of business that designs web pages : John is the sole proprietor of a business that designs web pages. He leases an office and buys computer equipment.
Changes to external business environment : Why is it important for companies to continually adjust/change the organizational structure based on changes to the external business environment?
How many units were produced during the period : How many pounds of raw materials were purchased and used during the period? How many units were produced during the period?

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd