User Account

All Pages

Determine the depreciable cost and the depreciation rate

Assignment Help Financial Accounting
Reference no: EM13529604

1. Equipment acquired at a cost of $180,000 has an estimated residual value of $10,000, has an estimated useful life of 40,000 hours, and was operated 3,600 hours during the year. Determine (a) the depreciable cost, (b) the depreciation rate, and (c) the units-of-production depreciation for the year.

2. Equipment acquired at the beginning of the year at a cost of $125,000 has an estimated residual value of $5,000 and an estimated useful life of 10 years. Determine (a) the depreciable cost, (b) the double-declining balance rate, and (c) the double-declining-balance depreciation for the first year.

Reference no: EM13529604

Questions Cloud

Explain how much cu will be deposited by the passage : How much Cu will be deposited by the passage of 2.35A in a solution of 0.20 M CuSO4 for half an hour. Cu2+ +2e---------Cu(s)
Determine depreciable cost and straight-line rate : estimated useful life of 10 years. Determine the depreciable cost, the straight-line rate, and the annual straight-line depreciation.
Explain the octet or duet rule and no atom possesses : Draw the skeletal structure, where each atom obeys the octet/duet rule and no atom possesses a formal charge, for the molecule whose condensed structure is
State the two electrodes are carbon and aluminum : In a battery, water is used as a salt bridge, and the two electrodes are Carbon and Aluminum. Find the standard reduction potential of the battery, and indicate which electrodes are cathode and anode.
Determine the depreciable cost and the depreciation rate : Determine the depreciable cost, the depreciation rate, and the units-of-production depreciation for the year.
Estimate the amplitude of this wave : At time t = 0 and at position x = 0 m along a string, a rightward (+x dir) traveling sinusoidal wave with frequency of 220 Hz has displacement y = +4.0 mm, What is the amplitude of this wave
Define the two electrodes are carbon and aluminum : In a battery, water is used as a salt bridge, and the two electrodes are Carbon and Aluminum. Find the standard reduction potential of the battery, and indicate which electrode is the cathode and anode.
Determine the amount of the annual depreciation : Determine the amount of the annual depreciation and determine the book value at the end of the twentieth year of use.
What is the final velocity of each vehicle : A 1055-kg van, stopped at a traffic light, is hit directly in the rear by a 655-kg car traveling with a velocity of +2.00 m/s. What is the final velocity of each vehicle

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is his taxable income considering this capital loss

Shannon has a long-term capital loss of $7,000 on the sale of bonds in 2011. His taxable income without this transaction is $48,000. What is his taxable income considering this capital loss?

  Question 1 bures jeep tours operates jeep tours in the

question 1. bures jeep tours operates jeep tours in the heart of the colorado rockies. the company bases its budgets on

  How does unearned revenue link cash with sales revenue

Where does the account Unearned Revenue appear in the financial statements? How does Unearned Revenue link Cash with Sales Revenue?

  Which payment option has the greatest present value

Your personal time value of money/interest rate is 5%. Which payment option has the greatest present value?

  Determine maria adjusted gross income

Maria, who is single, had the following items for 2010: Determine Maria’s adjusted gross income for 2010.

  Cost over book value of well investment was attributed

Wilton's assets on that date were recorded at $6,400,000 with liabilities of $3000000. Any excess of cost over book value of Well's investment was attributed to unrecorded patents having a remaining useful life of ten years.

  Create the required general journal entry

Create the required general journal entry to record the subsequent transactions for the Flaherty Company incurred $95,000 of factory labor costs which is paid in cash.

  Purchase of treasury stock as a reduction

What is the reasoning behind treating the purchase of treasury stock as a reduction in stockholders' equity as opposed to treating it as an investment asset?

  Magrath company has an operating cycle of less than one

magrath company has an operating cycle of less than one year and provides credit terms for all of its customers. on

  Brandywire homecare a not for profit business had revenues

brandywire homecare a not for profit business had revenues of 12 million in 2007. expenses other thatn depreciation

  Illustrate what is the reason for three way match

Q. Illustrate what is three way matches? Illustrate what is the reason for three way match? Illustrate what are the disadvantages for using three-way match and illustrate what are other options (instead of using three way matches)

  Illustrate what is the balance in investment in garvin

Riney did not acquire any of these shares. Illustrate what is the balance in Investment in Garvin after the sale of the 10,000 shares of common stock?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd