What depreciation would broadway record for the year

Assignment Help Financial Accounting
Reference no: EM13134641

Broadway Ltd. purchased equipment on 1/1/09 for $800,000, estimating a five-year useful life and no residual value. In 2009 and 2010, Broadway depreciated the asset using the straight-line method. In 2011, Broadway changed to sum-of-years'-digits depreciation for this equipment. What depreciation would Broadway record for the year 2011 on this equipment?

Reference no: EM13134641

Questions Cloud

Should the united states give up its gaap : “The IFRS standards are considered to be more principles based than the U.S. rules-based GAAP.” Comment on the implications of this statement, including the legal implications. U.S. GAAP has been considered by many to be the best GAAP in the world...
Dimensions of the court : The perimeter of a regulation singles tennis court is 210 feet and the length is 3 feet less than three times the width. What are the dimensions of the court?
Explain what is the configuration of molecule : Draw the enantiomer of cis-1-chloro-3-methylcyclopentane which is R at C-1. 1) What is the configuration of this molecule at C-3 (R and S)?
Solve-topology induced : Find the interior, the closure, the accumulation points, the isolated point and the boundary points of the following sets.
What depreciation would broadway record for the year : Broadway changed to sum-of-years'-digits depreciation for this equipment. What depreciation would Broadway record for the year 2011 on this equipment?
Difference between the total undiscounted cash : purchase of a $43,000 machine that would reduce operating costs in its warehouse by $6,200 per year. At the end of the machine’s 10-year useful life, it will have no scrap value. The company’s required rate of return is 12%.
Homeomorphism of sphere : Let x and y be points on the sphere. find a homeomorphism of the sphere with itself which takes x to y. Work the same problem with the sphere replaced by the plane and by the torus.
Reporting investment using the equity method : At the end of the year, Watkins still holds only $20,000 of mechandise. What ammount of unrealized gross profit must Panner defer in reporting this investment using the equity method?
Probability of getting sample mean height more : The population mean height of a basketball player is 220 cm with a standard deviation of 20 cm. In a sample of 49 basketball players, what is the probability of getting a sample mean height of 215 cm or more?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Determine the oliva''s balance sheet at december 31

From data calculate the inventory value in the Balance sheet - determine the amount that should appear on Oliva's balance sheet at December 31, 2007, for inventory.

  Are members of management ethically bound

Are members of Management ethically bound to perform unethically? I

  Budgeted cash disbursements for the tilson company

Prepare a schedule for each month showing budgeted cash disbursements for the Tilson Company and a schedule for each month showing budgeted cash receipts for Tilson Company

  Prepare an income statement for the year ended

Prepare an income statement for the year ended December 31, 2007, which includes amounts for gross profit, income before income taxes, and net income.

  Calculation of share of profits to partners

Calculation of share of profits to partners - What will the profit and loss sharing ratios be after Delta's investment and determine if the subsidiary is operating in a highly inflationary economy

  Determine budgeted direct materials purchases

Determine budgeted direct materials purchases for the third quarter and Calculation budgeted direct raw material purchased for the third quarter

  What amount is owed to pacific by riva

Computation of cash collection from notes - What amount is owed to pacific by Riva Co. for September collections plus accrued interest on the note to September 30?

  Calculation of overhead variances

Calculation of Overhead Variances - Budget for actual hours of inputand find the Overhead Variances

  Organize a statement of cash flows

Organize a statement of cash flows

  Calculate the labor price and quantity variances

Calculate the labor price and quantity variances, assuming standard is 3.94 hours of direct labor at $12.37 per hour.

  Give the journal entry to record issuance

Give the journal entry to record issuance of the bond and give the journal entry to record the conversion of the bonds assuming

  Company''s book balance of cash

Prepare the journal entries necessary to bring the company's book balance of cash into conformity with the reconciled cash balance as of July 31. 2005.

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!

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