User Account

All Pages

The amount of depreciation expense for a fixed asset

Assignment Help Accounting Basics
Reference no: EM13597653

The amount of depreciation expense for a fixed asset costing $95,000, with an estimated residual value of $5,000 and a useful life of 5 years or 20,000 operating hours, is $21,375 by the units-of-production method during a period when the asset was used for 4,500 hours.This is a true or false question but I would like to know how the answer is found as well.

Reference no: EM13597653

Questions Cloud

Assume leigh also collected 40000 of damages for slander to : leigh sued an overzealous bill collector and reveived the following settlement damage to her automobole the collector
It is estimated that the company will earn 800000 before : northeast airlines is considering two alternatives for the financing of a purchase of a fleet of airplanes. these two
Calculate income from operations operating income for the : selected information taken from the financial statements of fordstar co. for the year ended december 31 2010 follows
Need to prepare an income statement for the following mandy : need to prepare an income statement for the following mandy way cpa for the year ended december 312009. mandy billed
The amount of depreciation expense for a fixed asset : the amount of depreciation expense for a fixed asset costing 95000 with an estimated residual value of 5000 and a
In 2007 beth botsford construction corp began construction : in 2007 beth botsford construction corp. began construction work under a 3-year contract. the contract price was
During the month of april simpson co had cash receipts from : during the month of april simpson co. had cash receipts from customers of 170000. expenses totaled 156000 and accrual
Using the high-low method estimate the variable and fixed : speedy parcel service operates a fleet of delivery trucks in a large metropolitan area. a careful study by the companys
In 200 words or more please review a public companys : in 200 words or more please review a public companys financial statements at finance. yahoo.com. comment on each

Reviews

Write a Review

Accounting Basics Questions & Answers

  Illustrate out the term capital structure why should health

1. what is capital structure? why should health care organizations care about it?2. what is equity

  What is her income and what is her basis in these last 150

What is her income and what is her basis in these last 150 shares?

  Pearl manufacturing is considering an investment in

pearl manufacturing is considering an investment in equipment costing 480000. the equipment will be depreciated on a

  Claudia sells property for a sales price of 170000 in

claudia sells property for a sales price of 170000. in addition karma the buyer pays 5000 in property taxes that had

  What is the balance in parent investment

Parent Company purchased 100% of Son Inc. on January 1, 20X2 for $420,000. Son reported earnings of $82,000 and declared dividends of $4,000 during 20X2.

  Suppose a change in manufacturing technology would allow

the following cost information is available for a single product manufactured and sold by dreamer

  How do record the entry to adjust the allowance account

On January 1, 2013, the balance in Tabor Co.'s Allowance for Bad Debts account was $13,853. During the first 11 months of the year, bad debts expense of $21,188 was recognized. The balance in the Allowance for Bad Debts account at November 30,..

  Units in ending inventory

Jones Company had 100 units in beginning inventory at a total cost of $10,000.The company purchased 200 units at a total cost of $26,000. At the end of the year, Jones had 80 units in ending inventory.

  Journalize superior co.

Journalize Superior Co.'s entries for sale, including the cost of the merchandise sold - the credit memorandum, including the cost of the returned merchandise

  Basics of effective-interest amortization

Prepare the entries to record the issuance of the bonds and the first semiannual interest payment assuming that the company uses effective-interest amortization.

  Assume that it is the end of 2006 the first full year of

review the chapter explanations of the income statement andthe balance sheet equations. apply these equations in each

  Haslett corporation uses standard costs with its job order

haslett corporation uses standard costs with its job order cost accounting system. in january an order for 1900 units

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