User Account

All Pages

What amount should be reported as accumulated depreciation

Assignment Help Accounting Basics
Reference no: EM132793797

Question - Turtle company purchased equipment on January 1, 2018 for P5,000,000. The equipment had an estimated 5years service life. The policy for 5 year assets is to use the 200% double declining balance method for the first two years and then switch to the straight line depreciation. What amount should be reported as accumulated depreciation on December 31, 2020?

Reference no: EM132793797

Questions Cloud

Prepare the comparative retained earnings : Prepare the comparative retained earnings section of the statement of changes in shareholders' equity for 2018 and 2019, reflecting the change
Evaluate descriptive statistics for data : There is often the requirement to evaluate descriptive statistics for data within the organization or for health care information. Every year the National.
Create a purchases budget in pounds and pesos for july : Create a purchases budget in pounds and Pesos for July, August, and September. Create production budgets in units for July, August, and September.
What learning would be needed in each domain : Albert states that he has heard that the side effects of the immunizations might be worse than the diseases they prevent. He is also concerned about leaving.
What amount should be reported as accumulated depreciation : Turtle company purchased equipment on January 1, 2018 for P5,000,000. What amount should be reported as accumulated depreciation on December 31, 2020
Create a cash budget for the summer and the first semester : Create a cash budget for the summer and the first semester of college. (Do the entire time period, do not break it down by week or by month.)
Evaluate and assess the various strategies and solutions : Select a service company of your choice and discuss how these characteristics apply to your chosen company. Your discussion should evaluate and assess
How much income arising from the change in market values : How much income arising from the change in market values of biological assets will be recognized on December 31, 2020
Describe the effective teaching strategies : Instructional strategies help instructors deliver information and assess students while enabling students in their learning. Various instructional strategies.

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