User Account

All Pages

What is the value of the asset for depreciation purposes

Assignment Help Accounting Basics
Reference no: EM132676504

A project requires the purchase of new equipment at a cost of $18,000, which will be depreciated over the life of the asset. A further $5000 spent on transport and installation will be added to the purchase price of the equipment for depreciation purposes, and $1000 will be spent on advertising and other operating expenditure to get the project up and running.

Problem a: What is the value of the asset for depreciation purposes?

Select one:

a. $24,000

b. $19,000

c. $23,000

d. $18,000

Reference no: EM132676504

Questions Cloud

Write a negative construct on usefulness of decision making : Write a negative construct on the usefulness of decision making, leadership effectiveness, and employee morale challenges as they impact organizational change.
What is the book value of the machine after years : A machine with a purchase price of $11,000 is to be depreciated over its useful working life. What is the book value of the machine after 3 years?
What is the incremental revenue that will result : A project will increase revenue from $1.9 million to $2.6 million. What is the incremental revenue that will result from accepting this project?
HLTWHS002 Follow Safe Work Practices for Direct Client Care : HLTWHS002 Follow Safe Work Practices for Direct Client Care Assignment Help and Solution - Inspire Education, Australia - Assessment Writing Service
What is the value of the asset for depreciation purposes : What is the value of the asset for depreciation purposes? A further $5000 spent on transport and installation will be added to the purchase price
What would be approaches to getting a representative sample : When studying large organizations, is it necessary to interview every employee? If not, what would be some approaches to getting a representative sample?
Different models of deriving a competitive advantage : Is there value in deep analysis of the different models of deriving a competitive advantage?
What is the business model canvas for virtual accounting : What is the business model canvas for virtual accounting?
Compare three entrepreneurs with the approaches : For your original post, compare three entrepreneurs with the approaches that you like the most. Explain who the entrepreneur is, why they are famous

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