Computing depreciation under alternative methods

Assignment Help Accounting Basics
Reference no: EM131041070

Computing Depreciation under Alternative Methods

Putty Ice Cream Company bought a new ice cream maker at the beginning of the year at a cog,/ 59,000. The estimated useful life was four years, and the residual value was $1,000. Assume that the c; mated productive life of the machine was 16,000 hours. Actual annual usage was 5,500 hours in ye: ,800 hours in year 2; 3,200 hours in year 3; and 3,500 hours in year 4.
frig ttired:
Complete a separate depreciation schedule for each of the alternative methods. Round your answers to the nearest dollar.

a. Straight-line.
b. units-of-production (use four decimal places for the per unit output factor).
c. Double-declining-balance.

Reference no: EM131041070

Questions Cloud

Create an address book : COSC 151: Spring 2016 Final Project. The final project for COSC151 Spring 2016 you will create an Address Book. Functional Requirements - The user shall be presented a menu from which to pick the actions they wish to perform
Practice management ratios is the most important : As an officer manager, if you had to pick 3 practice management ratios to do on a monthly basis, which 3 would you pick? Do youbthink that one of the practice management ratios is the most important than the others? Why?
Minimum project duration : Given the project within the table below calculate a.The critical path b.The minimum project duration c. The amount of slack for each activity
Discusst the potential role of each of the factors listed : In each case, indicate whether the effect is through A, through K, through H, or through some combination of A, K, and H. A is the level of technology, K is the level of capital stock, H is the level of the Hu- man capital stock.
Computing depreciation under alternative methods : Putty Ice Cream Company bought a new ice cream maker at the beginning of the year at a cog,/ 59,000. The estimated useful life was four years, and the residual value was $1,000. Assume that the c; mated productive life of the machine was 16,000 ho..
Determine the maximum and average vertical shear stresses : A simply-supported beam of span 2 m is subjected to a lateral uniformly distributed load of 20 kN/m which causes a maximum vertical shear force of 20 kN at each support. Determine the maximum and average vertical shear stresses within the beam over..
How many of you have a subscription to netflix : How many of you have a subscription to Netflix? What is the value proposition of Netflix? What are the pros and cons of a subscription to Netflix as opposed to regular cable TV service
Violation of generally accpted accounting principles : True or False?? A certain contingent liability was evaluated at year end; the company felt it was probable that it would become an actual liability, and the amount could be reasonably estimated.
Draw the project network and list the earliest start : (a) Draw the project network and list the earliest start (ES), earliest finish (EF), latest start (LS) and latest finish (LF) for each task (b) List the tasks on the critical path (c) What is the expected project duration in weeks?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Statement of cash flows

Use above information to compute Statement of Cash Flows: direct and indirect method on Excel spreadsheet.

  The raab company is expanding its production facilities to

the raab company is expanding its production facilities to include a new product line a sporty automotive tire rim.

  During the year just ended shering distributors inc had

during the year just ended shering distributors inc. had pretax earnings from operations of 490000. in addition

  There were no direct materials price or direct labor rate

at the beginning of june cornerstone printing company budgeted 10000 books to be printed in june at standard direct

  Santana is considering how many workstations to produce in

santana rey expected sales of her line of computer workstation furniture to equal 300 workstations at a sales price of

  Major organizational parts of the authority

What are the major organizational parts of the authority (placed in bold)? Compare your answer in (a) to the major organizational parts of an IFRIC or SIC. Are (a) and (b) for the most part, the same? If yes, how so? If not, how do they differ?

  On january 1 a company borrowed 70000 cash by signing a 9

on january 1 a company borrowed 70000 cash by signing a 9 installment note that is to be repaid with 4 annual year-end

  At present no berwick employees have auditing experience to

at present no berwick employees have auditing experience. to staff its new internal audit function berwick could train

  What is the pretax income

Hiller Co anticipates total fixed costs of $120,000 and variable costs equal to 40% of sales. What is the pretax income if sales are $650,000?

  Accounting scandals over the past several years

In the wake of accounting scandals over the past several years, how has the Sarbanes-Oxley Act (SOX) of 2002 affected the practice of accounting? What is the role of internal controls in complying with SOX (2002)?

  Define debit and credit and explain how assets

what are the two fundamental equality requirements of the double-entry accounting system? define debit and credit and

  Wisconsin metal co produces 125 gauge barbed wire that is

wisconsin metal co. produces 12.5 gauge barbed wire that is retailed through farm supply companies. presently the

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