What is the depreciation expense on this asset

Assignment Help Accounting Basics
Reference no: EM132631828

Question - Vaughn Manufacturing purchased a depreciable asset for $572000. The estimated salvage value is $27000, and the estimated useful life is 10000 hours. Carson used the asset for 1300 hours in the current year. The activity method will be used for depreciation. What is the depreciation expense on this asset in the current year?

a. $77870

b. $545000

c. $54500

d. $70850

Reference no: EM132631828

Questions Cloud

Sales figures with great deal of satisfaction : Syd Gilman read the latest sales figures with a great deal of satisfaction. What other perceptual errors are apparent in this case study?
Determine educational needs for a patient : Compare and contrast the three different levels of health promotion (primary, secondary, tertiary). Discuss how the levels of prevention help determine.
Which of the new loans or leases would be permitted : Kai & Chung, CPA's has thirty professional staff and ten administrative staff, including bookkeepers. Which of the new loans or leases would be permitted
Are still issues for women in the workforce : Are there still issues for women in the workforce? If so, what are they and what changes still need to occur? If not, what do you think made the movements
What is the depreciation expense on this asset : The activity method will be used for depreciation. What is the depreciation expense on this asset in the current year
NUR1101 Nursing in the Australian Healthcare System : NUR1101 Nursing in the Australian Healthcare System Assignment Help and Solution, Edith Cowan University - Assessment Writing Service
How successful health leader prepare for planning in health : How a successful health leader prepares for (a) planning in a healthcare organization; (b) developing a decision-making system in a healthcare organization
Find the amount to be capitalized as the cost of the machine : Coronado Industries purchased a new machine on October 31, 2020. Find the amount to be capitalized as the cost of the machine on October 31, 2020
Describe how the concept of health has changed overtime : Discuss how the concept of "health" has changed overtime. Discuss how the concept has evolved to include wellness, illness, and overall well-being.

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