Compute the depreciation expense

Assignment Help Accounting Basics
Reference no: EM133044208

Question - Win Trading purchased equipment for RM72,000 on January 1, 2019. The equipment is expected to have a five-year life, with an estimated disposal value of RM6,000 at the end of five years. Using the straight-line method, compute the depreciation expense for 2019?

a. RM13,200.

b. RM14,400.

c. RM72,000.

d. RM6,000.

Reference no: EM133044208

Questions Cloud

What product or service will you provide : Describe your business. What product or service will you provide? What will your high-level strategy be: to focus on cost/efficiency or provide high value
Visualization or infographic : Select any example of a visualization or infographic, maybe your own work or that of others.
Compute the allowance for uncollectible accounts balance : Using the accounts receivable aging method, compute the Allowance for Uncollectible Accounts balance (after adjustment)
Threat modeling : A new medium-sized health care facility just opened and you are hired as the CIO. The CEO is somewhat technical and has tasked you with creating a threat model.
Compute the depreciation expense : Win Trading purchased equipment for RM72,000 on January 1, 2019. Using the straight-line method, compute the depreciation expense for 2019
What is the balance due to nisha ltd at august : On 15th August, Tasha returned one-third of the goods to the supplier. What is the balance due to Nisha Ltd at 30th August
What is the project after-tax cost of debt : Issue 3,200 6% preferred stock with $100 par value which are currently priced at $125 per share. What is the project after-tax cost of debt
What will target new wacc be : There are currently 32,000 shares outstanding and the marginal tax rate is 34%. What will Target's new WACC be
What is the total of tim liabilities : Question - What is the total of Tim's liabilities if he has recorded $50,000 in assets and $40,000 equity on a balance sheet

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.

  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!

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