### On january 2 2013 the cerritos band acquires sound

Assignment Help Accounting Basics
##### Reference no: EM13588248

On January 2, 2013, the Cerritos Band acquires sound equipment for concert performances at a cost of \$65,800. The band estimates it will use this equipment for four years, during which time it anticipates performing about 200 concerts. It estimates that after four years it can sell the equipment for \$2,000. During year 2013, the band performs 45 concerts.

1) Compute the year 2013 depreciation using the units-of-production method.

2) Calculate Depreciation Expense ... a) depreciation per concert b)concerts in 2013 c) depreciation in 2013

### Previous Q& A

#### Heritage insurance co is a regional insurance company that

heritage insurance co. is a regional insurance company that began operations on january 1 2012. the following

#### Grant film productions wants to expand and has borrowed

grant film productions wants to expand and has borrowed 100000. as a condition for making this loan the bank requires

#### Minist corporation sells a single product for 20 per unit

minist corporation sells a single product for 20 per unit. last year the companys sales revenue was 260000 and its net

#### Samantha an executive has agi of 100000 before considering

samantha an executive has agi of 100000 before considering income or loss from her miniature horse business. her

#### On august 1 2003 cooper company purchased a four-year

on august 1 2003 cooper company purchased a four-year business insurance policy for 13200. calculate the amount of

#### Record the journal entry for the provision for collectible

record the journal entry for the provision for collectible account under each of the following independent assumption.

#### The amount of ending inventory was determined using a

if anyone has an answer to an already answered similiar question it would be greatly appreciated i just want to be able

#### Lenter supply company is a medium-sized distributor of

lenter supply company is a medium-sized distributor of wholesale hardware supplies in the central ohio area. it has

#### Enter the overhead costs incurred and the amounts applied

in december 2012 infovision established its predetermined overhead rate for movies produced during year 2013 by using

#### A company purchases merchandise on terms of 410 n60 they

a company purchases merchandise on terms of 410 n60. they can borrow at 13 percent from their bank. should they borrow

### Similar Q& A

#### Victory company uses weighted-average process costing to

victory company uses weighted-average process costing to account for its production costs. direct labor is added evenly

#### The tuxedo division of shamus otoole company had operating

data follow for the construction division of d. jack

#### Estimate the balance of the allowance for doubtful accounts

total01 to 3031 to 6061 to 90over 90accs reveivable57000039600090000360001800030000 uncollectible125710aestimate the

#### Problem related to entries

A city received supplies that had been previously encumbered. The supplies were encumbered for \$5,000 and had an actual cost of \$4,900. To recognize this event the county should make which of the following entries?

#### Holt company purchased a computer for 10290 on january 1

holt company purchased a computer for 10290 on january 1 2011. straight-line depreciation is used based on a 5-year

#### Debra manufacturing has identified that the cost of a new

debra manufacturing has identified that the cost of a new computer will be 120000 but with the use of the new computer

#### With regard to critical success factors

With regard to critical success factors, which one of the following would not be considered a financial measure of success?

#### Determining the functional currency

Selvey inc is a completely owned subsidiary of parsfield incorporated a us firm. The country where selvey operates is deemed to have a highly inflationary economy under FASB statement no. 52. Therefore,the functional currency is :

#### A factory machine was purchased for 60000 on january 1 2010

a factory machine was purchased for 60000 on january 1 2010. it was estimated that it would have a 12000 salvage value

#### What types of product and logistical applications are most

what types of product and logistical applications are most suited to an automated storage as andor retrieval system rs

#### Using 250-500 words compare the concepts of

using 250-500 words compare the concepts of self-presentation and impression management.1. include some personal

#### Questions based on partnership awrite definition of

questions based on partnership. awrite definition of partnership? b name and discuss the characteristics of a

#### 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!