User Account

All Pages

What was the depreciation expense

Assignment Help Accounting Basics
Reference no: EM131828465

Question - Bonita Towing Company purchased a tow truck for $189000 on January 1, 2017. It was originally depreciated on a straight-line basis over 10 years with an assumed salvage value of $32000. On December 31, 2019, before adjusting entries had been made, the company decided to change the remaining estimated life to 4 years (including 2019) and the salvage value to $5000. What was the depreciation expense for 2019?

$16000.

$12800.

$47250.

$38150.

Reference no: EM131828465

Questions Cloud

Draw a pie chart to represent the data : The following data were collected in a study in which 30 students were asked to rate their professors: very good, good, good, fair, excellent
What are some common types of receivables : What is the difference between an account receivable and a note receivable? What are some common types of receivables other than accounts receivable or notes.
How are the interfaces connected to the computer : How are the interfaces connected to the computer? Which are best suited to use in recording studios or for recording a live concert?
Determine the skewness of the data : a. Determine the skewness of the data b. Determine the kurtosis of the data c. Determine the excess kurtosis.
What was the depreciation expense : Bonita Towing Company purchased a tow truck for $189000 on January 1, 2017. What was the depreciation expense for 2019
What is the skewness of the data : a. What is the skewness of the data? b. What is the kurtosis of the data? c. What is the excess kurtosis?
What is the standard deviation of the sample mean : a. What is the standard deviation of the sample mean if only 10 scores are used?
Why the cash realizable value does not decrease : Lance Morrow cannot understand why the cash realizable value does not decrease when an uncollectible account is written off under the allowance method.
Determine the probability that the sample mean : Use the central limit theorem to determine the probability that the sample mean lies between 23.9 and 24.2.

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