Depreciation method-largest gain on sale of plant asset

Assignment Help Accounting Basics
Reference no: EM13156942

A plant asset with a five-year estimated useful life and no residual value is sold at the end of the second year of its useful life for a gain. Assume that the asset had produced 4/5 of its total production prior to being sold. Which depreciation method would result in the largest gain on the sale of the plant asset?

Reference no: EM13156942

Questions Cloud

How many grams of sodium sulfide are formed : How many grams of sodium sulfide are formed if 1.60 g of hydrogen sulfide is bubbled into a solution containing 2.13 g of sodium hydroxide, assuming that the sodium sulfide is made in 94.0 % yield?
Describe what that would indicate about each plant : Some plants are very green in color, some were very light in color. Describe what that would indicate about each plant?
Demand for higher education at baker college : Would you expect the price elasticity of demand to be higher at the level of an individual school (e.g., Baker) or at the aggregate level
What was it''s original volume : Hydrogen gas was cooled from 150C to 50 C. It's new volume is75 mL. What was it's original volume?
Depreciation method-largest gain on sale of plant asset : A plant asset with a five-year estimated useful life and no residual value is sold at the end of the second year of its useful life for a gain. Assume that the asset had produced 4/5 of its total production prior to being sold. Which depreciation ..
What is the mass percent of mgo in the mixture : A 2.85 g sample containing only MgO and CuO is placed in a 3.00 L container. The container is filled with CO2 to a pressure of 740 torr at 20 degrees C. After the reaction has gone to completion, the pressure inside the flask is 390 torr at 20 deg..
How much zinc (in grams) is needed to fill a ballon : assuming zinc is the limiting reagent, how much zinc (in grams) do i need to fill a 1.0 liter balloon with hydrogen gas at a temperature of 25 degrees celcius and a pressure of 780 mmHg
What is the partial pressure of the dry oxygen gas : oxygen gas is collected over water at 25 degrees C. The total pressure of the gas is 780.00 mm Hg. What is the partial pressure of the dry oxygen gas?
Explain ardo california oil field water treatment facility : A circular storage tank in the san Ardo california oil field water treatment facility is 50 yards in diameter. Estimate how many barrels of fluid this tank could hold

Reviews

Write a Review

Accounting Basics Questions & Answers

  Collecting evaluating evidence-use of sampling

Explain procedures for collecting accounting evidence, Explain the use of sampling in performing an examination Evaluate accounting evidence using analytical and inferential tools.

  Pros and cons of management treating direct labor

What are the pros and cons of management treating direct labor as a variable cost? Are there ethical issues to be considered here?

  Setting up an amortization schedule

Set up an amortization schedule for a $25,000 loan to be repaid in equal installments at the end of each of the next 3 years. The interest rate is 10 percent, compounded annually.

  Determining the level of sales

At what level of sales (in units) for the two-month period should Birch Company be indifferent between closing the plant or keeping it open? Show computations.

  Current month accrued vacation pay

The journal entry to record the adjusting entry required on December 31, the end of the current year, to record the current month's accrued vacation pay is

  Using the appropriate interest table

What is the future value of $9,000 at the end of 5 periods at 8% compounded interest?

  Statement regarding inventory transfer-parent and subsidiary

Which of the following statements is true regarding inventory transfers between a parent and its subsidiary, using the initial value method?

  Recorded cost of the van

Sales taxes amount to $400 and the company paid an extra $300 to have a special horn installed. What should be the recorded cost of the van?

  What was the fixed overhead spending variance

Each unit requires 20 minutes of direct labor. If 13,200 units were produced, what was the fixed overhead spending variance?

  Determining how to control such costs

Why is determining cost to manufacture a product quite a different activity from determining how to control such costs?

  Maximum internal control over purchasing

What segregation of duties would you recommend to attain maximum internal control over purchasing activities in a manufacturing concern? (250 word minimum)

  What is a cybernetic control systems

What is a cybernetic control systems? describe the elements of cybernetic control systems.How do they relate to results/output controls?

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