### Problem related to depreciation method

Assignment Help Accounting Basics
##### Reference no: EM13127145

A fixed asset has a cost of \$12,000 and a salvage value of \$3,000. The asset has a three-year life. If depreciation in the third year amounted to \$1,500, which depreciation method was used?

a) Straight-line.

b) Double-declining-balance.

c) Units of production.

d) Sum-of-the-years'-digits.

#### Questions Cloud

 Are there any differences between inside and outside basis : Drew and Emma formed the equal D&E Partnership on January 1 of the current year. Drew contributed \$50,000 of cash and land with a fair market value of \$100,000 and an adjusted basis of \$80,000. Emma contributed equipment with a fair market value o.. How many students sleep times between a given range : Assume that the histogram of the data is approximately bell-shaped. Approximately how many of the 260 students had sleep times between 355 minutes and 455 minutes per night? How many sets of clubs must be sold for tee times : Tee Times, Inc. produces and sells the finest quality golf clubs in all of Clay County. The company expects the following revenues and costs in 2009 for its Elite Quality golf club sets. Expressing in polar coordinate form : Express the following in the polar coordinate form: u(r, theta) + i v(r,theta) Problem related to depreciation method : A fixed asset has a cost of \$12,000 and a salvage value of \$3,000. The asset has a three-year life. If depreciation in the third year amounted to \$1,500, which depreciation method was used? Should any overhead costs be added to job q at the end : Should any overhead costs be added to Job Q at the end of the year? Reactions of two people : Compare and/ or contrast the reactions of two people over the same event. Relations on the complex numbers : Sketch the sets of points determined by the following relations: Find total manufacturing costs assigned to job a-200 : Weaver Company's predetermined overhead rate is \$18.00 per direct labor-hourand its direct labor wage rate is \$12.00 per hour. Tjhe following information pertains to Job A-200.

### Write a Review

#### 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