User Account

All Pages

Compute depreciation using double-declining balance

Assignment Help Cost Accounting
Reference no: EM13536298

On 2009 January 2, a new machine was acquired for USD 900,000. The M chine has an estimated salvage value of USD 100,000 and an estimated useful life of 10 years. The machine is expected to produce a total of 500,000 units of product throughout its useful life. Compute depreciation for 2009 and 2010 using each of the following methods:

a. Straight line.

b. Units of production (assume 30,000 and 60,000 units were produced in 2009 and 2010, respectively).

c. Double-declining balance.

Reference no: EM13536298

Questions Cloud

Explain the liquid so2 is measure at different temperatures : The vapor pressure of the liquid SO2 is measure at different temperatures. the following vapor pressure data are obtained.
Compute depreciation expense on the machine for 2011 : The estimated useful life of the machine was revised upward to a total of seven years. Compute the depreciation expense on the machine for 2011.
Compare this force with her weight : A 54.1-kg ice skater is moving at 4.09 m/s when she grabs the loose end of a rope, the opposite end of which is tied to a pole, Compare this force with her weight by finding the ratio of the force to her weight
Compute the amount of heat required to raise temperature : Copper metal has a specific heat of 0.385 J/g·°C. Calculate the amount of heat required to raise the temperature of 22.8 g of Cu from 20.0°C to 875°C.
Compute depreciation using double-declining balance : Compute depreciation for 2009 and 2010 using Straight line,  Units of production (assume 30,000 and 60,000 units were produced in 2009 and 2010, respectively) and double-declining balance.
Explain citrus fruits is the bitter compound limonin : Component of citrus fruits is the bitter compound limonin, which contains only carbon, hydrogen, and oxygen. When a 1.000-gram sample of limonin is subjected to complete combustion, 2.432 grams of CO2 and 0.574 grams of H2O are produced.
Determine what is its centripetal acceleration : What is the tangential acceleration of a bug on the rim of a 11.0-in.-diameter disk if the disk accelerates uniformly from rest to an angular speed of 76.0 rev/min in 3.30 s, what is its centripetal acceleration
How does this affect the dollar-yen exchange rate : How does this affect the dollar-yen exchange rate?
Compute the unit sales price at which blake must sell : Compute the unit sales price at which Blake must sell its product in the current year in order to earn a budgeted target profit of £200,000.

Reviews

Write a Review

Cost Accounting Questions & Answers

  What is the balance in dowells lease liability

What is the balance in Dowell's lease liability? An amortization schedule will be helpful in determining this amount.

  Milt corporation owns and operates two facilities that

milt corporation owns and operates two facilities that manufacture paper products. one of facilities is situated in

  Compute the volume of sales and the dollar sales level

Compute the volume in units and the dollar sales level necessary to maintain the present profit level, assuming that the maximum price increase is implemented.

  Analyzing activity in inventory accounts

Analyzing Activity in Inventory Accounts and select data concerning operations of Cascade Manufacturing Company for the past fiscal year follow:

  Severing the relationship

You are an employee of BusComm Consulting. Begun as a small scale business just a few years ago, BusComm has outsourced its payroll and tax accounting and return preparation to Accountpreneurs, a company specializing in accounting support for smal..

  Determine the product mix

Determine how the 3,600 hours of machine time should be allocated to the three products to provide the most profitable product mix.

  What is the payables period in this case

Calculating payments iron man products had projected the following sales for the coming year. Sales in the year following this one are projected to be 15 percent greater in each quarter.

  Distribution from liquidation of the partnership

Fowler and Ericson share income and losses equally. Determine the amount received by Fowler as a final distribution from liquidation of the partnership.

  What is yaddofs adjusted cash balance on june 30

At June 30, Yaddof Company has the following bank information: cash balance per bank $3,600; outstanding checks $680; deposits in transit $550; credit memo for interest $150; bank service charge $20. What is Yaddof's adjusted cash balance on June ..

  Explain how cvp analysis may be helpful in evaluating

Explain how full-absorption costing can be abused by management to misstate financial results and Explain how CVP analysis may be helpful in evaluating whether it will be smart to buy a new machine that would reduce labor costs by 60%.

  Elements of critical thinking

Elements of critical thinking described on the inside front cover, comment - depreciation is calculated using straight-line; useful life 20 years; residual value $250,000

  Weighted-average unit contribution margin

Sales mix remains constant, the total number of units that Jamal must sell to break even and number of units of Plain that Jamal must sell to break even

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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