User Account

All Pages

What is the annual depreciation amount

Assignment Help Accounting Basics
Reference no: EM132769991

Question - A machine costing $180,000 has an estimated residual value of $15,000 and an estimated service life of ten years. What is the annual depreciation amount for each of the first two full years under the following methods?

1. Double declining-balance.

2. Units of production. Lifetime production is estimated at 110,000 units; the machine produced 12,000 units in year one and 18,000 in year two.

3. Straight-line depreciation method.

Reference no: EM132769991

Questions Cloud

Prepare an entry to record any adjustments required : Assume that Cherrywood Ltd. follows ASPE. Determine the impairment loss, if any, for the asset. Prepare an entry to record any adjustment required.
What is the amount of prepaid dividends : What is the amount of prepaid dividends that company A should be recognize it in its statement of financial position in 31/12/2019
Mainstream cryptocurrency : Why do you think the banking, consumer products, and most government agencies had shunned BTC and other forms of mainstream cryptocurrency
What was the actual number ofn direct labor hours worked : What was the actual number ofn direct labor hours worked last year at Donna? Estimated manufacturing overhead costs P 108,800
What is the annual depreciation amount : A machine costing $180,000 has an estimated residual value of $15,000 and an estimated service life of ten years. What is the annual depreciation amount
Customer contact care system : The IT team at Game Technology is working on implementation strategies for the new Customer Contact Care system (C3 ).
What is sensual under-or overapplied manufacturing overhead : What is sensual' under-or overapplied manufacturing overhead? Sensual Scents, Inc. uses job-order cost system with machine hours as the overhead base.
How much is the net income for the year ended : Accrued expenses - 18,750; accrued interest income - 2,500; delivery expense - 10,600. How much is the net income for the year ended
Mode of transportation and its impact on the supply chain : Mode of transportation and its impact on the supply chain, even a mode of transportation and it advantages and disadvantages.

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