User Account

All Pages

Compute depreciation for the machine

Assignment Help Accounting Basics
Reference no: EM132064062

Question - A machine costing $213,400 with a four-year life and an estimated $19,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 486,000 units of product during its life. It actually produces the following units: 122,600 in 1st year, 122,600 in 2nd year, 120,500 in 3rd year, 130,300 in 4th year. The total number of units produced by the end of year 4 exceeds the original estimate-this difference was not predicted. (The machine must not be depreciated below its estimated salvage value.)

Compute depreciation for the machine under each depreciation method.

Reference no: EM132064062

Questions Cloud

Identify the two components of cost of equity : Identify the two components of Cost of Equity and describe what each is based on.
What are budgeted sales for december : Sport Supplies Corporation has budgeted purchases of inventory for December of $140,000. What are budgeted sales for December
What are the key factors that help an organization decide : Examine the ways in which selection of a framework can affect the success or failure of the supply chain program.
Calculate the probability a customer waits : Calculate the probability a customer waits: less than 32 seconds, more than 120 seconds, between 40 and 65 seconds
Compute depreciation for the machine : A machine costing $213,400 with a four-year life, Compute depreciation for the machine under each depreciation method
Higher share prices can stimulate business investment : Higher share prices can stimulate business investment because:
Role and potential of information technology : 1. What is the role and potential of information technology in the democratic way of life?
Yields on bonds must be above effective lower bound : Yields on bonds must be above the effective lower bound because:
How you will apply the concept in your own organization : In this final paper, students will draw upon knowledge gained in both this capstone class, but also other classes they have taken in their degree program.

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