User Account

All Pages

How much depreciation expense should waterway record

Assignment Help Accounting Basics
Reference no: EM132184672

Question - Waterway Industries takes a full year's depreciation expense in the year of an asset's acquisition and no depreciation expense in the year of disposition. Data relating to one of Waterway's depreciable assets at December 31, 2018 are as follows:

Acquisition year 2016

Cost $281000

Residual value 44000

Accumulated depreciation 187000

Estimated useful life 5 years

Using the same depreciation method as used in 2016, 2017, and 2018, how much depreciation expense should Waterway record in 2019 for this asset?

$63600

$31600

$47600

$55600

Reference no: EM132184672

Questions Cloud

How each hospital could potentially increase value : Discuss how the first hospital is able to yield a high level of quality. Synthesize how each hospital could potentially increase value to their existing service
Compare traditional communication tools with social media : Compare traditional communication tools with social media communication tools in no more than 175 words. What are the pros and cons of each?
What were the equal minimum quarterly estimated tax : What were the equal minimum quarterly estimated tax payments for 2017 that Samuel Co. should have made in 2017 to avoid any penalty
Define how various industries can apply the concepts : In this assignment, you will be researching dimensions of quality and safety in healthcare, specifically long- term care, and how various industries can apply.
How much depreciation expense should waterway record : Using the same depreciation method as used in 2016, 2017, and 2018, how much depreciation expense should Waterway record in 2019 for this asset
How can management work with employees : How can management work with employees to learn key risk areas?
Hiring of additional staff to work in payroll department : The expansion of the business will result in the hiring of additional staff to work in your payroll department.
Identify and describe your healthcare organization : Develop a slide PowerPoint presentation devoted to the best financial practices for health care - Identify and describe your healthcare organization
What is the depreciation expense for the second year : The double-declining balance method will be used for depreciation. What is the depreciation expense for the second year on this asset

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