User Account

All Pages

Determine the depreciation rates per mile for each car

Assignment Help Accounting Basics
Reference no: EM133139894

Question - Mark's, a popular pizza hang-out, has a thriving delivery business. Mark's has a fleet of three delivery automobiles. The company uses the units-of-activity method of depreciation. Prior to making the entry for this year's depreciation expense, the subsidiary ledger for the fleet is as follows:

Car

Cost

Salvage Value

Estimated
Life in Miles

Accumulated
Depr.-Beg.
of the Year

Miles Operated
During Year

1

$20,090

$3,500

79,000

$2,560

21,000

2

15,350

2,700

55,000

2,320

23,500

3

21,940

2,500

72,000

2,300

20,500

Required - Determine the depreciation rates per mile for each car.

Reference no: EM133139894

Questions Cloud

Implementation of pay increases : You are the HR manager and assisting a department manager with implementation of pay increases for a 10-member Information Technology (IT) team. Which method of
Define propaganda : Define "propaganda" in your own words. What did Samir khadirs statement "you cannot wage a war without rumours, without media, without propaganda" mean?
Developing the leader mind : a. Understand "Developing the Leader's Mind"
Request letters of recommendation : When screening outside job applicants, human resources departments often run background checks on prospective employees. They also request letters of recommenda
Determine the depreciation rates per mile for each car : The company uses the units-of-activity method of depreciation. Determine the depreciation rates per mile for each car
Develop strategic objectives for workforce services : Explain why you need to develop strategic objectives for workforce services.
Final decisions in hiring : Describe the methods of final choice from your readings. Expound on the reasonableness of each method.
Assignment on situational analysis : 1. The Covid-19 pandemic severely affected the operations of many organizations, both government agencies and private business companies.
Power to change the culture : Give an example of a current event or a moment in history that triggered a shift in culture. What was it about that moment or event that gave it the power to ch

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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