What is the company annual depreciation expense

Assignment Help Accounting Basics
Reference no: EM132116303

Question - A company bought a piece of equipment for $48,200 and expects to use it for eight years. The company then plans to sell it for $4,300. The company has already recorded depreciation of $41,766.08. Using the double-declining-balance method, what is the company's annual depreciation expense for the upcoming year?

Reference no: EM132116303

Questions Cloud

Discuss the faculties supposedly possessed by the souls : Aristotle discusses the faculties supposedly possessed by the souls/minds of various types of animal. In particular, he posits that all animals possess sensory.
What is the breakeven price : Suppose a clinical laboratory has fixed costs of $600,000, a variable cost rate of $20, and a volume of 30,000 tests. What is the breakeven price
Main activities of the human resources management function : Describe the main activities of the Human Resources Management Function. Outline the nature of the Human Resources Planning (HRB) process.
Explain which parts of the reasoning in memo utilitarian : Explain which parts of the reasoning in this memo a utilitarian would have to accept and which parts a utilitarian could reject.
What is the company annual depreciation expense : The company has already recorded depreciation of $41,766.08. Using the double-declining-balance method, what is the company's annual depreciation expense
Determine the neuropsychological disorder : This assignment is an analysis of a selected neuropsychological disorder. This topic choice will be used to complete the Week One Assignment (Topic Selection).
Conduct the first human mission to the red planet : Each owns a company that is currently researching a new type of technology that will allow them to conduct the first human mission to the red planet.
What volume is required to provide a pretax profit : Assume that the group expects to perform 7,500 procedures in the coming year. What volume is required to provide a pretax profit of $100,000
What is the group contribution margin : Assume that the group expects to perform 7,500 procedures in the coming year. What is the group's contribution margin? What is the breakeven point

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