User Account

All Pages

What amount should be recorded in year one

Assignment Help Accounting Basics
Reference no: EM131694046

Question - Primm Industrial Contractors purchased a new truck on January 1st for $35,000. The truck is expected to have a useful life of five years with a salvage value of $4,500. It is estimated that the truck will be able to operate for 200,000 miles. In year one, Primm Industrial Contractors put 46,000 miles on the truck. What amount should be recorded in year one for depreciation expense if the units-of-production method is used?

A) $7,000

B) $7,015

C) $6,100

D) $8,050

Reference no: EM131694046

Questions Cloud

Prepare single-step income statement : Prepare single-step income statement for 2018, including EPS disclosures. Prepare multiple-step income statement for 2018, including EPS disclosures
What is the maximum force developed by muscle : Consider a muscle that has a volume of 20 cm3 with the fibers aligned with the direction of the tendon A. What is the maximum force developed by this muscle?
Probability for sample mean within particular range : Assuming that 52 miles per gallon is the population mean and 2.4 miles per gallon is the population standard deviation.
How to lead an effective virtual team : Summary of "How to Lead an Effective Virtual Team"
What amount should be recorded in year one : What amount should be recorded in year one for depreciation expense if the units-of-production method is used
Discuss common origin and surprisingly common truth : Explain whether or not you think it is possible that "the Way" in all of these religions shares a common origin and surprisingly common truth
General environment affect all organizations : Elements from the general environment affect all organizations, but they may not affect all organizations in the same way.
Examine the proposed business ethical problem : Determine whether you agree or disagree that Brazil's problem is an ethical one that should be corrected. Provide a rationale for your response.
Influence the ethical decision-making process : Describe the factors that influence the ethical decision-making process and identify ways to improve ethical decisions in marketing.

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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