What the revised annual depreciation

Assignment Help Financial Accounting
Reference no: EM131816112

On January 1,2017 the cullumber company ledger shows equipment $38100 and accumulate depreciation $13840 the depreciation resulted from using the straight line method with a useful life of 10 years and salvage value of $3500 on this date the company concludes that the equipment has a remaining usefu life of only 2 years with the same salvage value so what the revised annual depreciation

Reference no: EM131816112

Questions Cloud

Indicate the purpose of the cms being applied : Cost management systems have three primary purposes. For each of the decisions listed next, indicate the purpose of the CMS being applied.
Prepare the stockholders equity section immediately : The stock's per share market value on April 2 is $18 (prior to the dividend). Prepare the stockholders' equity section immediately after the stock dividend
Confidence interval estimate of the mean time : What is the 95% confidence interval estimate of the mean time it takes an individual to complete a federal income tax return?
Evaluate the potential implication to the business : Evaluate the potential implication to the business of each of the weaknesses identified
What the revised annual depreciation : company concludes that the equipment has a remaining usefu life of only 2 years with the same salvage value so what the revised annual depreciation
Find the probability that the laser beam device : (a) Find the probability that the laser beam device will wear out in 5000 hours or less
Economic rationales for these two tax plans of two parties : What are the economic rationales for these two tax plans of the two parties?
Compute total discretionary fixed costs : Identifying Discretionary and Committed Fixed Costs Identify and compute total discretionary fixed costs and total committed fixed costs from the following.
Explain what measures are utilized in non-union environments : Discuss the five principles that govern the arbitration of grievances under collective bargaining. Explain what measures are utilized in non-union environments?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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