On 2nd january2000 hardees purchased a new stove that will

Assignment Help Financial Accounting
Reference no: EM13370639

On 2nd January,2000 Hardees purchased a new stove that will cook 1 million burgers. the stove cost #32,000, has an estimated useful life of four years, and has an expected resale value of $2,000. The first year 200,000 burgers were cooked and in the second year, 235,000 burger were cooked.

Evaluate the depreciation expense for the second years of operation using (a) straight-line method, (b) units of production, (c) declining balance method at twice the straight line rate and (d) sum of the years method.

Reference no: EM13370639

Questions Cloud

1 classify each of the subsequent events as either a : 1. classify each of the subsequent events as either a revenue expense or neither. you should also describe why it is
Access the financial statements from the most current : access the financial statements from the most current annual report of a foreign company and a domestic company with
I need help calculating the subsequent problem on 1st july : i need help calculating the subsequent problem on 1st july 2012 ted age 73 and single sells his personal residence of
Kelly company paid current months rent 2000prepare a double : kelly company paid current months rent 2000.prepare a double entry accounting system finding out the two accounts
On 2nd january2000 hardees purchased a new stove that will : on 2nd january2000 hardees purchased a new stove that will cook 1 million burgers. the stove cost 32000 has an
Polar manufacturing is approached by a european customer to : polar manufacturing is approached by a european customer to complete a one-time-only special order for a product
Klingon company operates a free cafeteria for benefit of : klingon company operates a free cafeteria for benefit of its employees. budgeted and actual costs in cafeteria for last
Under what circumstances would you need a non-parametric : under what circumstances would you need a non-parametric test?a. when you think your sample size is too big.b. when
An auditor noted that client sales increased 10 for the : an auditor noted that client sales increased 10 for the year. at the similar time cost of goods sold as a percentage

Reviews

Write a Review

 

Financial Accounting Questions & Answers

  Why would certain figures such as amortization

Why would certain figures such as amortization or impairment of goodwill be different for the IFRs/GAAP adjustment for net income and stockholder's equity?

  Hepner corporation has the subsequent stockholders equity

hepner corporation has the subsequent stockholders equity accountspreferred stock 7 cumulative dividend 580000common

  Cculation of adjustment entriescolo companynbspwork

calculation of adjustment entries.colo companynbspwork sheet for month ended may 31

  Examine the accounting requirements for the business

Examine the accounting requirements for the business combination and discuss challenges in preparing the financial statements for the consolidation of subsidiaries on the date of acquisition.

  Ridge tool has on its books the amounts and specific after

ridge tool has on its books the amounts and specific after tax costs shown in the following table for each source of

  Determine the expected portfolio return

Determine the expected portfolio return, rp, for each of the 6 years. Evaluate the expected value of portfolio returns, rp, (line over the r) over the 6-year period

  Differentiate between batch and real-time systems

Resource use is one characteristic used to differentiate between batch and real-time systems. Describe.

  Model of employee behaviour

Describe at least three ways that factors in the external environment influence employee behaviour

  The market price of a share of common stock at time of

the market price of a share of common stock at time of issuance was 19.50 while market price of a preferred share of

  What are amount and character of the loss sustained

Explain how would your answer to part a change if Randall originally organized Silver Fox Corporation, capitalizing it with $250,000 of cash and assuming Silver Fox qualifies as a small business corporation?

  Multiple choice questions on marginal costing1 which costs

multiple choice questions on marginal costing.1. which costs will change with an increase in activity within the

  List out three of the other factors that could constitute

List out three of the other factors that could constitute evidence of the ability to exercise significant influence.

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd