What is the value of the depreciation recorded

Assignment Help Accounting Basics
Reference no: EM132806110

Question - On 9/30/1430, Al-Rasheed Establishment sold a machine whose original cost was 200,000 riyals for 120,000 riyals in cash. It started on 1/1/1429 and was consumed using the straight-line method of 40,000 and the productive secret is 10 years. What is the value of the depreciation recorded on 9/30/1434 to prove consumption to date?

Reference no: EM132806110

Questions Cloud

What is the amount of taxable temporary difference : Loss on a case incurred but not yet paid so tax-deductible in the future is P600,000. The tax rate is 30%. What is the amount of taxable temporary difference
Prepare the entry that is required to correct prior years : Prepare the entry that is required to correct the prior years' depreciation, if any. Prepare the entry to record depreciation for 2020
What are the big insights in this topic or summary : "Basic cost management concepts and accounting for mass communication" What are the big insights in this topic or summary
How website advertising can potentially lead to violation : There is much controversy on record keeping. Agencies require records after each session, and private therapists say less is better so courts cannot interpret.
What is the value of the depreciation recorded : Al-Rasheed Establishment sold a machine whose original cost was 200,000 riyals for 120,000 riyals in cash. What is the value of the depreciation recorded
Discuss the research about intervention strategies : Review and differentiate the characteristics of the selected disorder and discuss the research about intervention strategies for the disorder by completing the.
Calculate net present value and internal rate of return : This machinery will have a scrap value of $375,000 at the end of the 5 years. Calculate Net Present Value and Internal Rate of Return
What would their expenditure for that repayment transaction : If the Village also took out a loan before, and had made a similar loan repayment of $150,000. What would their expenditure for that repayment transaction have
What similar programs currently exist : What similar programs currently exist? Where are there unmet needs and/or gaps in the system and how does your program fulfill this unmet need or gap for your.

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