User Account

All Pages

Find what is the book value of the asset on december

Assignment Help Accounting Basics
Reference no: EM132576071

XYZ Industries purchased a new asset on March 31, 2020. The cost of the asset was 140,000, with an estimated useful life of 8 years, and a salvage value of $15,000. XYZ uses the sum-of-the-years-digits method to depreciate the asset.

Question 1: What is the book value of the asset on December 31, 2022?

Option 1: 74,027

Option 2: 72,917

Option 3: 67,083

Option 4: None of the other answer choices is correct.

Option 5: 21,701

Option 6: 118,299

Option 7: 72,291

Option 8: 65,973

Option 9: 67,709

Reference no: EM132576071

Questions Cloud

Determine the carrying value of the patent on december : Determine the carrying value of the patent on December 31, 2021.In January 2020, ORD Co. purchased a patent from a research institution for $550,000.
How much did zab pay to purchase the net assets of yxw : How much did ZAB pay to purchase the net assets of YXW? Amounts recorded by ZAB related to the acquisition included current assets of $80,000
Prepare the entries on the books of Recharge to record : Recharge Ltd. purchased a patent on January 1, 2020, for $ 1,120,000. Prepare the entries on the books of Recharge to record
MKT00720 Marketing Assignment : MKT00720 Marketing Assignment Help and Solution, Southern Cross University - Assessment Writing Service - explore your capacity to analyse the marketing
Find what is the book value of the asset on december : Find What is the book value of the asset on December 31, 2022? The cost of the asset was 140,000, with an estimated useful life of 8 years
Calculate the fair value of the identifiable net assets : The fair values of these assets were: buildings $180 000, machinery $140 000. Calculate the fair value of the identifiable net assets
How much did each partner receive from march distribution : In March Year 9 an additional $40,000 was distributed to the partners. How much did each partner receive from the March distribution? Show all calculations
Find entry in the partnership books to record the retirement : Fair value of ?1,200,000 as settlement of his interest in the partnership. The entry in the partnership's books to record the retirement of C includes
Global initiatives : What is the difference between leading a U.S.-based virtual cross-cultural team and a global virtual cross-cultural team?

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