User Account

All Pages

Find an estimated life of ten years

Assignment Help Accounting Basics
Reference no: EM13135233

Brave Industries is considering buying a machine for $180,000 with an estimated life of ten years and no salvage value. The straight-line method of depreciation will be used. The machine is expected to generate net income of $12,000 each year. The cash payback on this investment is

A) 15 years.
B) 10 years.
C) 6 years.
D) 3 years.

Reference no: EM13135233

Questions Cloud

Calculate the variable costs, fixed costs : XYZ Company incurred the following costs for the month of August when it observed an activity level of 10,000 units.
How much travel costs can jackson deduct per year : Jamison owns a cabin in Mammoth and travels there for maintenance three times a year. The round trip to Mammoth from San Diego where Jamison lives, is approximately 450 miles. How much travel costs can Jackson deduct per year related to his renta..
Diameter sphere is embedded in insulation : A 4 m diameter sphere is embedded in insulation. The sphere contains a liquid-ice mixture maintained at 0 deg C. The ambient temperature surrounding the insulation is 25 deg C.
Financially acceptable investment : How large would the annual net cash inflows from the intangible benefits have to be to make this a financially acceptable investment?
Find an estimated life of ten years : Brave Industries is considering buying a machine for $180,000 with an estimated life of ten years and no salvage value. The straight-line method of depreciation will be used. The machine is expected to generate net income of $12,000 each year. The..
Which internal control principle is being violated : Joe Jones has been a trusted employee for over 10 years. He is responsible for ordering merchandise inventory, receiving the inventory items, and authorizing the payment for these items. Which internal control principle, if any, is being violated?
Determine fourier number compare two identical steel spheres : Determine Fourier Number, Compare two identical steel spheres, except the first has a two inch diameter while the second sphere has a four inch diameter. The larger sphere will have a Fourier number approximately
Compare yourself with your past dating partner : Complete a chart comparing yourself with your current or past spouse/ dating partner on several relevant dimensions, such as educational level, attractiveness, political ideology, etc.
Prepare all adjusting journal entries required : A company purchases a piece of land for $100,000 on January 1, 2011 and chooses to report the land using the revaluation method allowed under IFRS. Prepare all adjusting journal entries required through 2015.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What type of inventory system

My cost of goods sold for the month is ? And i found this using what type of inventory system?

  Prepare a raw materials purchases budget

Sales 380,000 units, estimated ending finished goods inventories for December 31, 2011 are 20,000 units and beginning ending fnished goods at Jan 1, 2011 are 8,000 units.

  Calculating goodwill in transaction

Goodwill arises when one firm acquires the net assets of another firm and pays more for those net assets than their current fair value. Suppose that Got Em Co. had operating income of $64,300 and net assets with a fair market value of $184,000. Ta..

  Warranties accrual and cash basis

What amount, if any, is disclosed in the balance sheet as a liability for future warranty costs as of December 31, 2008, under each method?D.) which method b

  Negotiating first nfl contract

PV of a cash flow stream A rookie quarterback is negotiating his first NFL contract. His opportunity cost is 10 percent. He has been offered three possible 4-year contracts. Payments are guaranteed, and they would be made at the end of each year.

  Explain how the accounting equation is impacted

(1) Name the accounts impacted and how using the format account name/debit or credit/dollar amount and (2) explain how the Accounting Equation is impacted.

  Completing accounting cycle

Name the steps in completing the accounting cycle and explain how they impact the financial statements. What happens is a step is missed? Explain.

  Calculate the issue price

On January 1, 2012, Water World issues $25 million of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year.

  Making a statement of cash flows

Given the following data, manke, in good form, an income statement for the Dental Drilling Company as of December 31, 2003.

  What is the most profitable sales mix for the foam

The contribution margin for product A is $5 and for product B it is $4. What is the most profitable sales mix for the Foam Pet Mattress Company?

  Adjusted balance of gleason advertising company

Prepare the adjusting entry at December 31, and using T accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each account.

  Determining the variable overhead efficiency variance

The standard hours allowed for actual output of month totaled 7,070 machine-hours. What was the variable overhead efficiency variance for the month?

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