Deloise company purchased a new machine on october 1 2012

Assignment Help Accounting Basics
Reference no: EM13571789

Deloise Company purchased a new machine on October 1, 2012, at a cost of $92,401. The company estimated that the machine has a salvage value of $5,490. The machine is expected to be used for 70,000 working hours during its 8-year life.

Reference no: EM13571789

Questions Cloud

Identify any effects the lease arrangement and the : on january 1 2012 flyover airlines leased a new airplane for a term of 10 years.the expected life of the airplane is 20
Standard deviations are given in the options given below : assume that the expected returns of the portfolios are the same but their standard deviations are given in the options
If treasury bills are currently paying 8 percent and the : if treasury bills are currently paying 8 percent and the inflation rate is 4.7 percent what is the approximate real
What qualifies something to be counted as a work of art : mini essays 350-700 words each essay. proper apa format with citations.essay 1question 1 what is art?what qualifies
Deloise company purchased a new machine on october 1 2012 : deloise company purchased a new machine on october 1 2012 at a cost of 92401. the company estimated that the machine
For an investment of 1000 today the tiburon finance : for an investment of 1000 today the tiburon finance company is offering to pay you 1600 at the end of 8 years. what is
When preparing a budgeted income statement and looking for : when preparing a budgeted income statement and looking for cost of goods sold when is workin process deducted from the
Why inflation premium and risk premium is added to real : why inflation premium and risk premium is added to real interest rate in order to arrive at value of nominal interest
Dugan sales had the following transactions for jackets in : dugan sales had the following transactions for jackets in 2013 its first year of operations jan 20 purchased 80 units

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the issuance price of a bond

What are two important characteristics that determine the issuance price of a bond?

  Analysis of alternatives for an acat id program

Designating an independent activity to perform the Economic Analysis for an ACAT IA program and preparing the Analysis of Alternatives for an ACAT ID program

  Determine consolidated totals for each of account balances

Anchovy acquired 90 percent of Yelton on January 1, 2011. Of Yelton's total acquisition-date fair value, $60,000 was allocated to undervalued equipment (with a 10-year life) and $80,000 was attributed to franchises (to be written off over a 20-yea..

  Classified as a sales-type lease

The lease is appropiately classified as a sales-type lease. Asuming the interest rate for the lease is 10% what will the balance reported as a liability be by the lessee on dec 31, 2007?

  Loss-gain contingencies

Generally accepted accounting principles (GAAP) require loss contingencies to be accrued in the period the contingency becomes known. However, GAAP specifically disallows booking gain contingencies until the gain is realized.

  What is the bond price

The Morrissey Company's bonds mature in seven years, have a par value of $1,000, and make an annual coupon payment of $70. The market interest rate for the bonds is 8.5%. What is the bond's price?

  Prepare a balance sheet in good form as of december 31 2015

the following is the adjusted trial balance of the xho company as of december 31 2015 xho companyadjusted trial

  Limitations of the internal control system

Identify the limitations of the internal control system. Provide at least 3 limitations. Provide at least 2 examples of internal control procedures, and explain how these procedures can be implemented.

  Calculating and displaying loan in balance sheet

Show the loan in the balance sheet of the company

  Expected returns on assets and certainty equivalent

What is the expected return of this asset? What is Esperanza's expected utility? What is her certainty equivalent? Suppose that Esperanza can purchase insurance that guarantees her a return of $4900 regardless of the return on the asset.

  Assume that on september 1 office depot had an inventory

assume that on september 1 office depot had an inventory that included a variety of calculators. the company uses a

  Which of the following is an merits of corporations

which of the following is an advantage of corporations relative to partnerships and sole proprietorships?reduced legal

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