User Account

All Pages

What is the accumulated depreciation and book value

Assignment Help Accounting Basics
Reference no: EM132863789

Question - HIJ Inc. purchases a truck for $32,000 on January 1st, 2019. The vehicle is estimated to have a useful life of 15 years, at which point it will have a residual value of $2,000. HIJ Inc. uses the straight-line method to account for depreciation. What is the accumulated depreciation and book value respectively in 8 years?

a. Accumulated depreciation: $14,000; book value: $18,000.

b. Accumulated depreciation: $15,000; book value: $17,000.

c. Accumulated depreciation: $16,000; book value: $16,000.

d. Accumulated depreciation: $18,000; book value: $12,000.

Reference no: EM132863789

Questions Cloud

What are pros of using social media to market products : Provide examples of two different message strategies you've seen in commercials in the last year. Why do you think they were or were not effective?
Major drugs that are associated with crimes : What are the 4 major drugs that are associated with crimes? Are the crimes psychopharmacological, systemic, or economically compulsive?
How is the value of a stock-share determined : What is a bond, why do companies issue stocks/bonds, how is the value of a stock calculated, how is the value of a stock/share determined?
Analyze ethical implications of cases involving bioethics : The national discussion concerning decision making. Analyze ethical and legal implications of cases involving bioethics. Two examples of highly publicized cases
What is the accumulated depreciation and book value : HIJ Inc. uses the straight-line method to account for depreciation. What is the accumulated depreciation and book value respectively in 8 years
Health care research topic of interest : Discuss what advice you would give a peer struggling to find enough information related to their health care research topic of interest.
Describe fluctuations in foreign exchange rates : Describe how fluctuations in foreign exchange (FX) rates can cause a dispute between two parties
Explain the different types of treatment : Explain the different types of treatment that are offered by your facility. Make sure you include individual counseling, group counseling
What is the responsibility of the health care manager : What is the responsibility of the health care manager regarding public health ethics and social responsibility? Provide an example.

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