User Account

All Pages

Compute the depreciation cost per unit

Assignment Help Accounting Basics
Reference no: EM132202929

Question - Whippet Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2017, at a cost of $128,000. Over its 4-year useful life, the bus is expected to be driven 213,750 miles. Salvage value is expected to be $8,300.

(a) Compute the depreciation cost per unit.

(b) Compose ac depreciation schedule assuming actual mileage was: 2017, 51,200; 2018, 66,560; 2019, 52,480; and 2020, 34,560.

Reference no: EM132202929

Questions Cloud

Calculate the dollar value of the ending inventory : Assuming a beginning inventory of zero, production of 5,100 units and sales of 4,150 units, the dollar value of the ending inventory under variable costing
Person who is motivated to serve : How do followers experiences differ between following a leader who is motivated to lead verses a person who is motivated to serve?
How easily can an organizational culture : How easily can an organizational culture be adjusted to incorporate diversity?
What is michelle basis in her partnership interest : Michelle pays $120,000 cash for Brittany's one-third interest in the Westlake Partnership. What is Michelle basis in her partnership interest
Compute the depreciation cost per unit : Whippet Bus Lines uses the units-of-activity method in depreciating its buses. Compute the depreciation cost per unit
What is marco gain or loss on the sale of his partnership : The equipment was purchased for $240,000, and partnership has taken $60,000 of depreciation. What is Marco's gain or loss on sale of his partnership interest
What is cloud peak basis in the contributed property : Lance contributed investment property worth $617,500, purchased Three years ago for $427,500 cash, What is Cloud Peak's basis in the contributed property
What is joseph tax basis in his partnership interes : Joseph contributed $36,000 in cash and equipment with a tax basis of $12,100, What is Joseph's tax basis in his partnership interest
Compute the dividend per preference share : Ordinary shares, P50par, 8,000 shares issued 400,000. Compute the dividend per preference share and the dividend per ordinary share

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