User Account

All Pages

What will be the book value of the purchase after first year

Assignment Help Accounting Basics
Reference no: EM13861966

The Andrews Company has just purchased $52,000,000 of plant and equipment that has an estimated useful life of 15 years. Suppose at the end of 15 years this plant and equipment can be salvaged for $5,200,000 (1/10th of its original cost). What will be the book value of this purchase (excluding all other Plant and Equipment) after its first year of use? Use generally accepted (FASB) accounting principles.

Reference no: EM13861966

Questions Cloud

Us economic recession : In most recent US economic recession (2008- 2009), if policymakers had taken no action, how would the economy have evolved over time? Explain in words and refer to the AD-AS model. Answer should be in 280 words
Two ways to get the money : Assume that you have two ways to get the money, one way is to have it at present, so PV=10,000, another way is to get it in the future, so FV=11,000. Which one would you like to choose ? Why?
Zero-coupon bond with a yield to maturity : Suppose you purchase a 30-year, zero-coupon bond with a yield to maturity of 6%. You hold the bond for five years before selling it. a. If the bond's yield to maturity is 6% when you sell it, what is the internal rate of return of your investment?
What is a lorenz curve draw one, labeling the axes : 1. This question refers to income distribution.  (1) what is a Lorenz curve? Draw one, labeling the axes  (2)Explain why a Lorenz curve can never lie to the left or above the 45 degree line  (3)Using a Lorenz curve diagram, explain how to calculate ..
What will be the book value of the purchase after first year : What will be the book value of this purchase (excluding all other Plant and Equipment) after its first year of use? Use generally accepted (FASB) accounting principles.
Interest rate quoted as an effective annual rate : Suppose your Zimbabwean bank account pays interest monthly with the interest rate quoted as an effective annual rate (EAR) of 50%. (a) What percent interest will you earn each month? (b) Suppose the weekly inflation rate in Zimbabwe is 1%. What is th..
Clarissa''s utility function i : Clarissa's utility function is U(r, z) = z + 160r - r^2, where r is the number of rose plants she has in her garden and z is the number of zinnias.  She has 250 square feet to allocate to roses and zinnias. Roses each take up 4 square feet and zinnia..
National defense rather than state governments : List the three most important expenditure programs of the federal government. How do these differ from the three most important expenditure programs of state and local governments? Explain why it makes more sense for the federal government to purchas..
Verify that hicksian and walrasian demand coincide : Verify that Hicksian and Walrasian demand coincide.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What amount of the acquired capital loss

Gate Corporation acquired all of Way Corp's assets in a Type C reorganization on August 7, 2010. On the date of acquisition, Way Corp. had an unused net capital loss of $80,000. Gate Corp. had a net capital gain (computed without regard to any cap..

  Venice corporation manufactures a variety of liquid lawn

venice corporation manufactures a variety of liquid lawn fertilizers including a very popular product called lush n

  Calculate the annual cash dividends

Calculate the annual cash dividends to be paid for each of these preferred stock issuances:

  Original data assume that feather friends inc distributes a

original data assume that feather friends inc. distributes a high-quality wooden birdhouse that sells for 20 per unit.

  Slick corporation is a small producer of synthetic motor

slick corporation is a small producer of synthetic motor oil. during may the company produced 5000 cases of lubricant.

  Select appropriate cost drivers for the indirect costs and

select appropriate cost drivers for the indirect costs and allocate these costs to departments m and n. salary of vice

  Maintain the provision for doubtful debts

Write off bad debts Rs 1,000 and maintain the provision for doubtful debts at 5% on debtors and manufacturing wages include Rs 1,600 for erection of new machinery on Mar 1, 2009

  Show computations to value the ending inventory

Show computations to value the ending inventory using the weighted-average cost method if 550 units remain on hand at October 31.

  The long-term debt is payable in annual installments of

the general ledger of speedy ship at june 30 2012 the end of the companys fiscal year includes the following account

  On the first day of the current fiscal year 2000000 of 10

on the first day of the current fiscal year 2000000 of 10 year 7 bonds with interest payable annually were sold for

  Chiks chickens has average accounts receivables of 5433

chiks chickens has average accounts receivables of 5433. sales for the year were 8900.00. what is its average

  Data for 2013 were as follows pbo january 1 244000 and

data for 2013 were as follows pbo january 1 244000 and december 31 274000 pension plan assets january 1 190000 and

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd