Determine the machines second-year depreciation

Assignment Help Accounting Basics
Reference no: EM132524088

Question - Feng Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $42,300. The machine's useful life is estimated at 10 years, or 363,000 units of p roduct, with a $6,000 salvage value. During its second year, the machine produces 35,000 units of product. Determine the machine's second-year depreciation under the straight-line method.

Reference no: EM132524088

Questions Cloud

Calculate Rodeos total cost of goods available for sale : Calculate Rodeo's total cost of goods available for sale for the month of June 2010. Explain which accounting principle requires that a portion of total cost
Australian-based investment bank : During the global financial crisis, at least one Australian-based investment bank collapsed, while others, including the subsidiaries of US and European firms
Conclusion for a manager making financial decisions : Outline the significance of this conclusion for a manager making financial decisions.
Determining the annual operating costs : If the required rate of retunes is 10 percent per annum, should Playfun buy the new machine?
Determine the machines second-year depreciation : During its second year, the machine produces 35,000 units of product. Determine the machine's second-year depreciation under the straight-line method
What would be the financial advantage : Given this new assumption, what would be the financial advantage (disadvantage) of buying 18,000 carburetors from the outside supplier?
What is the npv of the depreciation tax shield : When using the APV methodology, what is the NPV of the depreciation tax shield?
Prepare the journal entry for American Food Services : The useful life of the machine was expected to be five years with no residual value. Prepare the journal entry for American Food Services
What the standard direct material cost for cloth per unit : When the cloth is cut for assembly. The cost of the cloth is $6 per yard. The standard direct material cost for cloth per unit of finished product is

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.

  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!

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