What is the accumulated depreciation

Assignment Help Accounting Basics
Reference no: EM132099286

Question - Apex Fitness Club uses straight-line depreciation for a machine costing $20,500, with an estimated four-year life and a $2,150 salvage value. At the beginning of the third year, Apex determines that the machine has three more years of remaining useful life, after which it will have an estimated $1,700 salvage value.

What is the accumulated depreciation 2 years? And a book value at point of revision?

Reference no: EM132099286

Questions Cloud

What is the net present value of the project : Project A has an initial outlay cost of $10,000. The project has a cost of capital to be 10%. What is the net present value of the project
Develop deeper connections with a smaller segment : Small group discussions in this course allow you to develop deeper connections with a smaller segment of the class. These sma ll group discussions.
What was the direct labour efficiency variance : During June, 1,000 units were produced using 4,100 hours at $12.20 per hour. What was the direct labour efficiency variance
What are some of the ways in which you could inform : Analyze and comment on the role public policy has in the economic aspect of running this type of health services center.
What is the accumulated depreciation : Apex Fitness Club uses straight-line depreciation for a machine costing $20,500, What is the accumulated depreciation 2 years
What is their role in leading the initiatives : Discuss specific decision-making processes that lead to ethical decision making. Include any insights from your professional experience.
Define nominal group technique : Define Nominal Group Technique and describe the associated steps. In what situation might this technique be used?
What is basic anxiety according to horney theory : What is basic anxiety according to Horney's theory? How does Shimin combat/cope with his basic anxiety? Provide examples from the case study to support.
Propose some strategies for reducing adverse selection : It is suggested that you also take a moment to review a few of the recommended articles to glean any potential helpful information.

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.

  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!

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