Company zeta bought new office furniture in the year 2000

Assignment Help Accounting Basics
Reference no: EM13570887

Company Zeta bought new office furniture in the year 2000. The purchase cost was 64086 dollars and in addition it had to spend 14102 dollars for installation. The furniture has been in use since April 21st, 2000. Zeta forecasted that in 2015 the office furniture would have a net salvage value of $1000. Using the US Accelerated Depreciation Schedule, estimate the value of depreciation recorded in the accounting books in the year 2004 if the company decided to sell the furniture on June 5th.

Reference no: EM13570887

Questions Cloud

Explain how the companys credibility and the you attitude : assume you are the vice president of marketing for a cosmetic firm that has stopped making products that use animal
A firm issues two bonds with identical issues prices : a firm issues two bonds with identical issues prices market-required yields and final maturity dates. one bond is a
Variable overhead rate and efficiency variances input all : budgetedactualnbspsales 8000 ingots240000 nbspnbsp240000 nbspnbspnbspnbspnbspnbspnbspvariable
Which research methoddesign would you use to test the : which research methoddesign would you use to test the following hypothesis?the four choices are surveys observation use
Company zeta bought new office furniture in the year 2000 : company zeta bought new office furniture in the year 2000. the purchase cost was 64086 dollars and in addition it had
Company omega bought new petroleum refining equipment in : company omega bought new petroleum refining equipment in the year 2000. the purchase cost was 131880 dollars and in
Feedback control system hw5 kindly show me full and clear : kindly show me full and clear steps how you will sketch and how you get the final results. ltbrgt ltbrgtand send me
How does crane explain changes in mans role in the modern : how does crane explain changes in mans role in the modern
Tvm consulting bought new building for its headquarters in : tvm consulting bought new building for its headquarters in the year 2000. the purchase cost was 723198 dollars and in

Reviews

Write a Review

Accounting Basics Questions & Answers

  Memo on capitalization of cable equipment

Memo on Capitalization of Cable Equipment

  Potential reasons for such a significant decline

List three potential reasons for such a significant decline. What are three things Mark should consider doing to improve the ratio? How is the accounts receivable turnover ratio used and what does it measure?"

  Maintain a minimum monthly cash balance

How much cash, if any, must be borrowed to maintain the desired minimum monthly balance - Batista Company management wants to maintain a minimum monthly cash balance

  Calculate the gross lease payment receivable to be recorded

Lampley, Inc. enters into a direct finance lease agreement as lessor on January 1, 2001, to lease an airplane to National Airlines. The term of the noncancelable lease is eight years and payments are required at the end of each year.

  Accounting principles

Juan's Taco Corporation has restauraunts in five college towns. Juan wants to expand into Austin and College Station and needs a bank loan to do this. Mr. Bryan, the banker,.

  Amdahl corporation manufactures large-scale high

amdahl corporation manufactures large-scale high performance computer systems. in a recent annual report the balance

  Calculate the amount of goodwill acquired prepare the

cafe ole company acquired a fast-food restaurant for 1500000. the fair market values of the assets acquired were as

  Acceptance the asset

which of the following is not an indicator that the customer is likely to have control over a good? a)acceptance the asset B) assets warehouse by seller-affiliated thrird party c) legal litle to the asset

  Prepare the necessary entries to clear the intangible

reichenbach co. organized in 2011 has set up a single account for all intangible assets. the following summary

  Gau reports under ifrs and revalues

GAU reports under IFRS and revalues

  Incremental cost associated with producing

What is the incremental cost associated with producing an extra 50,000 jars of salsa. What is the incremental cost associated with the price reduction of $0.30 per jar?

  Albany trading operates in a very competitive field

Albany Trading operates in a very competitive field. To maintain its market position, it purchased two new machines for cash on 1 January 2011. It had previously rented its machines.

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