User Account

All Pages

Find what is the depreciation using sum of years digits

Assignment Help Financial Accounting
Reference no: EM132616213

Problem 1: Captive Company purchased a factory equipment on October 1, 2020 costing P960,000. In view of pending technological developments it is estimated that the machine will have a resale value upon disposal in four and one half years of P70,000 and the disposal cost will be P10,000. What is the depreciation for 2020 using sum of years' digits?

Reference no: EM132616213

Questions Cloud

Determine which costs are to be included for the land : Determine which costs are to be included for the land and warehouse. Franks Logistics Ltd is constructing a new warehouse facility in western Sydney
Evaluate business problems related to Web design : Apply web related programming skills to develop web based systems for a particular business scenario and Understand and evaluate business problems
What is the depreciation using declining balance method : Useful life of 4 years. It is determined that the fourth root of .10 is .5623. What is the depreciation for 2020 using declining balance method?
How do we increase the efficiency of the healthcare system : How do we increase the efficiency of the healthcare system? How would you as a healthcare executive or policymaker increase the efficiency of the U.S.
Find what is the depreciation using sum of years digits : Disposal in four and one half years of P70,000 and the disposal cost will be P10,000. What is the depreciation for 2020 using sum of years' digits?
What is epilepsy and describe its causes : Need a power point presentation with about 15 slides, plus 10 references about the following topic: Epilepsy. What is Epilepsy? causes of epilepsy.
Find what was the acquisition cost of the equipment : The depreciation applicable to this equipment was P240,000 for 2020 computed, What was the acquisition cost of the equipment?
HS1021 Web Design Assignment : HS1021 Web Design Assignment Help and Solution, Holmes Institute - Assessment Writing Service - Define, interpret and evaluate different Internet, web architect
What is the depreciation using sum of years digits : Captive Company purchased a factory equipment on October 1, 2020, What is the depreciation for 2021 using sum of years' digits?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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