User Account

All Pages

What would be the amount of depreciation expense

Assignment Help Financial Accounting
Reference no: EM132472536

Problem 1: A factory machine was purchased for $386000 on January 1, 2018. It was estimated that it would have a $79000 salvage value at the end of its 5-year useful life. It was also estimated that the machine would be run 40000 hours in the 5 years. The company ran the machine for 4000 actual hours in 2018. If the company uses the units-of-activity method of depreciation, Determine what the amount of depreciation expense for 2018 would be

Option 1: $79000.

Option 2: $30700.

Option 3: $38600.

Option 4: $61400.

Reference no: EM132472536

Questions Cloud

Prepare the journal entries for headland : Prepare the journal entries for Headland in 2017. (Credit account titles are automatically indented when the amount is entered. Do not indent manually)
Analyse effect of structure and culture of organisation : Produce a paper for circulation to colleagues which analyses the impact of government legislation on human resource management strategies
What entry is made in january to record the sale : The magazine sells 88000 subscriptions in January at $20 each. What entry is made in January to record the sale of the subscriptions?
Record the transactions in materials ledger accounts : Record the transactions in materials ledger accounts similar. Use the inventory methods, assuming the use of a perpetual inventory system
What would be the amount of depreciation expense : If the company uses the units-of-activity method of depreciation, Determine What the amount of depreciation expense for 2018 would be
What do accountants in industry might be focused on as area : Based on your review of your chosen industry, identify what you think accountants in the industry might be focused on as an area or areas of concern.
INFA 610 Foundations of Information Security and Assurance : INFA 610 Foundations of Information Security and Assurance Assignment Help and Solution, University of Maryland Global Campus - Assessment Writing Service
What depreciation expense year using straight-line method : Equipment will have a $59800 salvage value at the end of its 5-year useful life. Depreciation expense each year using the straight-line method will be
Calculate the EOQ quantity using OM explorer : The EOQ is the optimal lot size that minimizes the sum of holding & ordering costs. Is there any reason a company wouldn't want to use the EOQ?

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!

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