User Account

All Pages

Find the depreciation using double declining method

Assignment Help Accounting Basics
Reference no: EM132182015

Question - On January 1, 2015, a machine was purchased for $90,000. The machine has an estimated salvage value of $6,000 and an estimated useful life of 5 years. The machine can operate for 100,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as fol-lows: 2015, 20,000 hours; 2016, 25,000 hours; 2017, 15,000 hours; 2018, 30,000 hours; and 2019, 10,000 hours.

Find the depreciation using double declining method if the fiscal year-end is September 30.

Reference no: EM132182015

Questions Cloud

Calculate the total cost of material a budgeted : Cassidy's Company makes and sells a single product called a Bik. Calculate the total cost of material A budgeted to be purchased in March
Calculate xyz company budgeted accounts receivable : The remaining 8% are collected two months after the month of sale. Calculate XYZ Company's budgeted accounts receivable at April 30
What would you identify in job analysis within organization : What would you identify in a job analysis within an organization, which are the most important factors that would help the supervisors do his or her jobs?
Determine the lease liability immediately after the january : On January 1, 2018, Avalanche Company entered into an agreement to lease equipment for a ten-year period. Determine the lease liability immediately
Find the depreciation using double declining method : On January 1, 2015, a machine was purchased for $90,000. Find the depreciation using double declining method if the fiscal year-end is September 30
What is the amount of the annual annuity payment : If Sara can earn 6% per year on her savings, what is the amount of the annual annuity payment that Sara must make at the end of each year for 8 years
Explain at least three HR trends and practices : Based on your research, explain at least three HR trends and practices that might help the organization analyze work, design jobs, and job flow.
What amount of interest expense is accrued at december : On December 1, Victoria Company signed a 90-day, 4% note payable, with a face value of $7,800. What amount of interest expense is accrued at December
What types of goals are suitable for diversity training : Some organizations use e-learning as a less expensive and more convenient alternative to classroom training. What are some of the most important advantages.

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: +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