User Account

All Pages

What is the accumulated depreciation of this piece

Assignment Help Financial Accounting
Reference no: EM132846159

Question - Downtown smith ltd. Purchased a piece of machinery on Jan 1st 2013 for €400,00. The company estimated a useful life of 10years and a residual value of zero for this asset. On December 31st 2015, the company decided to sell the machinery for €350,000.

What is the accumulated depreciation of this piece of machinery on December 31, 2015 right before selling it?

a. €80,000

b. €120,000

c. €280,000

d. €320,000

Reference no: EM132846159

Questions Cloud

Prepare the appropriate journal entries at December : Assuming Ayayai is a private company that applies ASPE, prepare the appropriate journal entries at December 31, 2019, and December 31, 2020, under situation 1
Was the framework appropriate for the research : Identify the article you reviewed and the theoretical framework used to explore the practice problem. Was the framework appropriate for the research?
Compute the degree of operating leverage : The Harding Company manufactures skates. The company's income statement for 20X1 is as follows: Compute the degree of operating leverage
What are the common signs of bullying in nursing : Have you ever worked with someone who caused problems with you or others? (Explain how the problem manifested itself and how it was managed).
What is the accumulated depreciation of this piece : What is the accumulated depreciation of this piece of machinery on December 31, 2015 right before selling it
Describe the gaps in healthcare : Describe the gaps in healthcare. How does this project fulfill one arm of the mission of public health: social justice? How does it contribute to social change?
What is the cost of the product : There was no beginning work-in-process; the ending work-in-process was 70% complete. What is the cost of the product that remains in work-in-process
What is your best estimate of the after tax cost of debt now : What is the company's total book value of debt? The total market value? What is your best estimate of the after tax cost of debt now
How the group will define operationally and measure variable : Create a hypothesis for the group's study. Consider the hypothesis and how the group will define operationally and measure the variables.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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