Reference no: EM132419024
An asset was purchased for $140,000. It had an estimated salvage value of $35,000 and an estimated useful life of 10 years. After 5 years of use, the estimated salvage value is revised to $28,000 but the estimated useful life is unchanged. Assuming straight-line depreciation, depreciation expense in Year 6 would be?
A plant asset was purchased on January 1 for $75,000 with an estimated salvage value of $15,000 at the end of its useful life. The current year's depreciation expense is $5,000 calculated on the straight-line basis and the balance of the Accumulated Depreciation account at the end of the year is $35,000. The remaining useful life of the plant asset is?
A machine was purchased for $180,000 and it was estimated to have an $12,000 salvage value at the end of its useful life. Monthly depreciation expense of $1,750 was recorded using the straight-line method. The annual depreciation rate is?
Ron's Quik Shop bought equipment for $140,000 on January 1, 2016. Ron estimated the useful life to be 5 years with no salvage value, and the straight-line method of depreciation will be used. On January 1, 2017, Ron decides that the business will use the equipment for a total of 6 years. What is the revised depreciation expense for 2017?
|
What is the npv and irr
: If the cost of capital is 12%, should the company proceed? What is the NPV and IRR? Please explain in details
|
|
How a company is doing along its strategic marketing
: What are the most useful performance criteria to determine how a company is doing along its strategic marketing performance?
|
|
What is the cash payments to suppliers
: Using the direct method compute cash payments to suppliers. What is the Cash payments to suppliers?
|
|
Create the journal entries to record a cash sale
: Create the journal entries to record a cash sale of a sweater for $22.00 where the cost of the sweater to Target was $15.00. Include explanations.
|
|
What is the revised depreciation expense for 2017
: Ron decides that the business will use the equipment for a total of 6 years. What is the revised depreciation expense for 2017?
|
|
BUMGT5921 Organisations, Behaviour, Structure, Process
: BUMGT5921 Organisations, Behaviour, Structure, Process Assignment Help and Solution, Federation Business School - Assessment Writing Service
|
|
PACC6004 Financial Accounting Assignment Problem
: PACC6004 Financial Accounting Assignment Help and Solution - The University of Newcastle, Australia. Critically analyse complexities and key issues
|
|
Swot analysis assignment
: SWOT Analysis Assignment help and solutions:-analysis of strengths, weaknesses, opportunities, and threats and Product offerings,Distribution
|
|
Developing an imc plan for the firm and target audience
: Developing an IMC Plan- including objectives, segmentation, branding and integrating different parts of promotion into your strategy and the achievement.
|