What is 2013 depreciation expense

Assignment Help Financial Accounting
Reference no: EM13509944

Williamson corporation purchased a depreciable asset for $400000 on January 1 , 2010 . the estimated salvage value is $40000 and the estimated useful life is 9 years. The straight line method is used for depreciation. in 2013 Williamson changed its estimates to a total useful life of 5 years with a salvage value of 60000. What is 2013 depreciation expense?

Reference no: EM13509944

Questions Cloud

The greatest amount of happiness for the greatest number : Mill famously argued that the ethical action is what leads to the greatest amount of happiness for the greatest number of people
Finding of the national youth survey : Which of the following is not a finding of the National Youth Survey? The first step in any research is to
Most compatible with social darwinism : In debate over current political and social issues, which arguments and ideas are most compatible with social Darwinism? Which current ideas are most at odds with social Darwinism?
What issue is the speaker using to take a position : Question 1.1. (TCOs 2 and 3) What issue is the speaker using to take a position in the following situation? There is little merit to the claim that inheritance taxes will force small businesses to close. After all, the tax has existed for a lo..
What is 2013 depreciation expense : The straight line method is used for depreciation. in 2013 Williamson changed its estimates to a total useful life of 5 years with a salvage value of 60000. What is 2013 depreciation expense?
Determine how much power is dissipated in the cord : An extension cord made of two wires of diameter 0.129 cm (no. 16 copper wire) and of length 2.7 m (9 ft) is connected to an electric heater which draws 11.5 A on a 120-V line
What might account for these changes : Women (white 40-44 years old) with advanced education are much more likely to be married today than were their counterparts in 1980. High school dropouts (white, 40-44 years old) of both sexes are less likely to be married than their counterparts in ..
What should robertson record as an impairment loss : If no active market exists for the machine and the company does not plan to dispose of it what should Robertson record as an impairment loss on july 1 2012?
Most useful in looking at the sociology of sports : You can look at sports from several theoretical perspectives including conflict, functionalist, interactionist, and feminist. Which of these is most useful in looking at the sociology of sports? Why?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Calculate the estimated break-even point in annual unit

Calculate the estimated break-even point in annual unit sales of the new product if Martinez company uses and determine the annual unit sales volume at which Martinez Company would be indifferent between the two manufacturing methods.

  Be sure to label your graph carefully and accurately

Graph the consumer’s Price consumption curve for prices, PX = $1, PX =$ 2, and PX = $3. Be sure to label your graph carefully and accurately

  What is total amount of revenue from long-term contracts

What is total amount of Revenue from Long-Term Contracts recognized for 2010 and what is the balance in the Accounts Receivable account assuming Cannon Cafe has not yet made its last quarterly payment?

  What amounts in equipment account appear on hooker separate

Hooker is going to use push-down accounting. Immediately after the acquisition, what amounts in Equipment account appear on Hooker’s separate balance sheet and on the consolidated balance sheet?

  S a harrington company is a us-based company that prepares

s. a. harrington company is a u.s.-based company that prepares its consoli- dated financial statements in accordance

  Calculate chipco total foreign tax credit

Chipco paid $15 million of foreign taxes on its foreign-source manufacturing profits and $2 million of foreign taxes on its foreign- source passive investment income. Assume that the U.S. tax rate is 35%. Calculate Chipco’s total foreign tax credit..

  Project anlaysis based on npvyou are considering a new

project anlaysis based on npv.you are considering a new product launch. the project will cost 870000 have a 4-year life

  A chain-affiliated hotel with 313 rooms recorded rooms

a chain-affiliated hotel with 313 rooms recorded rooms revenue of 51140 per available room. what is the hotels average

  Describe the appropriate treatment for the loan interest

What cost figure should be used as the basis for the depreciation charge for the year on the machine purchased in (1)?  Show your workings and explain your answer.

  Who cares about the income statement

The balance sheet tells me about the cash the company's got; the cash flow statement tells me about its changes in cash.

  Lakonishok equipment has an investment opportunity in

lakonishok equipment has an investment opportunity in europe. the project costs euro15 million and is expected to

  Fuel product quality and efficiency

The employee and his/her level of determination and subsequent job satisfaction are what fuel product quality and efficiency.

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