Depreciation by units-of-output method

Assignment Help Cost Accounting
Reference no: EM13555989

Depreciation by units-of-output method

A diesel-powered tractor with a cost of $214,000 and estimated residual value of $30,000 is expected to have a useful operating life of 50,000 hours. During January, the tractor was operated 175 hours. Determine the depreciation for the month.

Reference no: EM13555989

Questions Cloud

Supplies expense for the year : Teri's Tanning Salons had a balance of $46,300 in its Supplies account on January 1, 2005. The company made two purchases of supplies during 2005, each in the amount of $57,400
How much will your share be worth on 19 april : Your portfolio consists of 200 shares of JCS Ltd. The current share price is $96. The company has announced a dividend of $2.50 per share with an ex-dividend date of 19 April. Assuming no taxes, how much will your share be worth on 19 April?
Determine what is the depth of the water : The depth of a body of water can be found by emitting sound pulses at the surface and dectecting the pulses reflected from the bottom. what is the depth of the water
Evaluate how far should you go to reach the treasure : The treasure map in the figure gives the following directions to the buried treasure: "Start at the old oak tree, walk due north for 460 paces, then due east for 130 paces. How far should you go to reach the treasure
Depreciation by units-of-output method : During January, the tractor was operated 175 hours. Determine the depreciation for the month.
Prepare financial statements for wholly shirts : 1. Name the organization that governs the majority of the guidelines that the CPA will use to prepare financial statements for Wholly Shirts, Inc.
What would be the break-even point in units : What would be the break-even point in units and in Swiss franc sales using the selling price you determined in (3) above (i.e., the selling price at the level of maximum profits)?
The true difference in population proportions of high : Construct a 95% confidence interval for the true difference in population proportions of high LDL (p1-p2) between female and male populations.
Ethics and professional conduct in business : the same manner on the preceding year's balance sheet. Evaluate whether it is acceptable for Pablo to prepare the July 31, 2014, balance sheet in the manner indicated above.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Evaluate all materials and labor variances i

Evaluate all materials and labor variances in a spreadsheet by using a program like Excel. Be sure to add price, quantity, wage rate, and labor efficiency variances.

  Prepare journal entries to record the preceding transactions

Prepare journal entries (and explanations) to record the preceding transactions and events - Basic journal entries

  What are maturities on intels long-term debt

What are the maturities on Intels Long-term debt - what are Intel's projected obligations on Long-Term Debt and Payments due by period?

  Calculate the missing amounts for each division

Calculate the missing amounts for each division and comment on the relative performance of each division.

  What is the amount of depreciation expense for 2014

What is the amount of depreciation expense for 2014?

  Evaluate the amount of cash expected to be collected in july

Evaluate the amount of cash expected to be collected in July

  How many years remain to be depreciated

If the accumulated depreciation account shows a balance of USD 72,000, what is the original cost of the machinery and how many years remain to be depreciated?

  Prepare a contribution income statement for the month

Prepare a contribution income statement for the month based on the actual sales. Present the income statement - Determine whether the company should discontinue operating the Consumer Division.

  Received the subsequent data on the monthly payroll from

received the subsequent data on the monthly payroll from the payroll clerk direct labor already recorded 23016.50 new

  Crossover point j marcel enterprises has gathered projected

crossover point. j. marcel enterprises has gathered projected cash flows for two projects. at what interest rate could

  Angies bake shop makes birthday chocolate chip cookies that

angies bake shop makes birthday chocolate chip cookies that cost 2 each. angie expects that 10 percent of the cookies

  Compute the overstatement or understatement

Compute the overstatement or understatement in the items immediately after purchasing the equipment

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