User Account

All Pages

Equipment costing 40000 with a salvage value of 8000 and

Assignment Help Accounting Basics
Reference no: EM13575119

Equipment costing $40000 with a salvage value of $8000 and an estimated life of 8 years has been depreciated using the straight line method for 2 years. Assuming a revised estimated total life of 6 years and no change in the salvage value, the depreciation expense for the 3rd year would be?

Reference no: EM13575119

Questions Cloud

Carolina enterprises recently used 17000 labor hours to : carolina enterprises recently used 17000 labor hours to produce 8000 completed units. according to manufacturing
Vazquez companys cost of goods sold is 350000 variable and : vazquez companys cost of goods sold is 350000 variable and 200000 fixed. the companys selling and administrative
Think about the cash basis versus the accrual basis of : think about the cash basis versus the accrual basis of accounting introduced in this module. when are cash and expenses
Able company provides you the following information : able company provides you the following information regarding dividend activity for 2013. -- april 15 declares a cash
Equipment costing 40000 with a salvage value of 8000 and : equipment costing 40000 with a salvage value of 8000 and an estimated life of 8 years has been depreciated using the
Complete the following job cost sheet for the partially : pearson architectural design began operations on january 2. the following activity was recorded in the companys work in
Rondello company is considering a capital investment of : rondello company is considering a capital investment of 152200 in additional productive facilities. the new machinery
Assuming all interest payments have been made annually as : 1. sanchez company has just completed a bond issue which resulted in 150000 of 5 year 8 bonds. interest is paid
Compute chipcos total foreign tax credit as well as the : 1.chipco a domestic corporation produces the worlds best tasting chocolate chip cookies. in addition to its domestic

Reviews

Write a Review

Accounting Basics Questions & Answers

  Price of salsa based on incremental analysis

Suppose this action will increase sales to 375,000 jars - should Santiago's lower the price of salsa based on incremental analysis?

  Account and balances on balance sheet

What account(s) and balances should be reported on the 2011 income statement? (2) What account(s) and balances should be reported on the December 31, 2011 balance sheet?

  Accrual basis accounting

Determine which of the following is not one of the four conditions that normally must be met for revenue to be recognized according to the revenue principle for accrual basis accounting

  Beginning-of-year asset balances

What is the ROI for each year of the asset's life if the division uses beginning-of-year asset balances and net book value for the computation?

  Discuss four methods of valuing stock

Discuss FOUR methods of valuing stock and distinguish between „Cost? and „Net realizable value?.

  An examination of the accounting records of clowney

an examination of the accounting records of clowney company disclosed a high contribution margin ratio and production

  Total manufacturing costs incurred

During 2010, Hopkins purchased $760,000 of raw materials, incurred direct labor costs of $100,000, and incurred manufacturing overhead totaling $128,000. How much is total manufacturing costs incurred during 2010 for Hopkins?

  Steve and ed are cousins who were both born on the same day

steve and ed are cousins who were both born on the same day and both turned 25 today. their grandfather began putting

  On your own paper prepare a graph for raw materials use the

smith concrete company owns enough ready-mix trucks to deliver up to 120000 cubic yards of concrete per year

  Why may net cash flow from operating activities

Revenue represents the benefit a company experiences from operating its business. In accounting terms, revenues are increases in assets or decreases in liabilities resulting from business operations. Accrual accounting requires companies to recogn..

  The tippa canoe company makes fiberglass canoes the

the tippa canoe company makes fiberglass canoes. the fiberglass resin is initially molded to the shape of a canoe then

  Preparing a bank reconciliation problem

Prepare a bank reconciliation using good format. Be sure to include the "cash shortage".

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