Computing depreciation and book value

Assignment Help Financial Accounting
Reference no: EM13492365

Computing Depreciation and Book value for Two Years Using Alternative Depreciation Methods and Interpreting the Impact on Cash Flows

Daisey Company bought a machine for $66,000 cash. The estimated useful life was four years, and the estimated residual value was $6,000. Assume that the estimated useful life in productive units is120,000. Units actually produced were 43,000 in year 1 and 45,000 years 2.

Required:

1. Determine the appropriate amounts to complete the schedule. Show computations andround to the nearest dollar.

Depreciation Expense for             Net Book Value at the End

Method of Depreciation                      Year 1                Year 2                                  Year 1            Year 2

 

Straight-line

Units-of-production

Double-declining- balance

2. Which method would result in the lowest EPS for year 1? For year 2?

Reference no: EM13492365

Questions Cloud

Explain amides esters ketones carboxylic acids : Rank these groups by increasing solubility in water. Amides esters ketones carboxylic acids. Brief explain why.
Explain the decomposition reaction n2o5 : Determine the order of the decomposition reaction N2O5 by using the initial rate date in the table below: Experiment N2O5(g)(M) Initial rate (M/s) 1 .150 .0000860 2 .300 .000688
Explain the effects of the disposal of an asset : Give the journal entry for the disposal of the truck, assuming that the truck sold and explain the effects of the disposal of an asset.
Explain sodium bicarbonate reacts with citric acid : Sodium bicarbonate reacts with citric acid as shown below: What is the theoretical yield of sodium citrate (Na3C6H5O7) when 3.1 g of sodium bicarbonate reacts with 4.4 g of citric acid
Computing depreciation and book value : Determine the appropriate amounts to complete the following schedule. Show computations andround to the nearest dollar and method would result in the lowest EPS for year 1? For year 2?
Evaluate the mass of glucose metabolized : Calculate the mass of glucose metabolized by a 79.7 kg person in climbing a mountain with an elevation gain of 1530m . Assume that the work performed in the climb is four times that required to simply lift 79.7kg by 1530m.
How long is the bullet in the barrel : A 15.0 g bullet is fired at a muzzle velocity of 3250 m/s from a high powered rifle with a mass of 4.75 kg and barrel of lenght 75.0 cm. How long is the bullet in the barrel
Determine the angular acceleration of the blades : A ceiling fan is turned on and a net torque of 2.2 N · m is applied to the blades. The blades have a total moment of inertia of 0.20 kg · m2
Evaluate the membrane potential at 298k : The membrane permeable only to Na^+ ions is used is used to separate the following solutions: 0.03M KCl and 0.070M NaCl and 0.070M KCl and 0.03M NaCl. Calculate the membrane potential at 298K.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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