User Account

All Pages

How much will be depreciated in year five

Assignment Help Accounting Basics
Reference no: EM131979375

Question - After four years, a machine had an accumulated depreciation of $38,000. The machine originally had an anticipated life of eight years and a salvage value of $5,000. If the current book value after four years is $43,000 and the machine has only two years of usable life left, how much will be depreciated in year five and in year six using the straight-line method of depreciation, and assuming the salvage value is still $5,000? Please show equations, thanks.

Reference no: EM131979375

Questions Cloud

Probability of default of the borrower and recovery rate : The market risk premium positively depends on the probability of default of the borrower and the recovery rate.
How much will be distributed to the preferred stockholders : How much will be distributed to the preferred and common stockholders on the date of payment if the preferred stock is $12,000 in arrears
What is the journal entry to record this transaction : If the trade-in value received for the old equipment is $30,000, what is the journal entry to record this transaction? Please show equations
Specializing in environmental concerns and preservation : Imagine you have been hired to manage the PR function for a startup company specializing in environmental concerns and preservation.
How much will be depreciated in year five : How much will be depreciated in year five and in year six using the straight-line method of depreciation, and assuming the salvage value is still $5,000
Digital media on issue monitoring and planning : What is the impact of 24/7 digital media on issue monitoring, planning?
What is the required journal entry to record : What is the required journal entry to record estimated uncollectible accounts? Please show equations
Calculate tax equivalent yield and tax equivalent yield : Calculate the tax equivalent yield if your marginal tax rate is 21 percent. Calculate the tax equivalent yield if your marginal tax rate is 28 percent.
Appropriate conversion methods for the company : Select the two most appropriate conversion methods for the company to consider and explain under what circumstances it might want to select one method over

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