User Account

All Pages

What would be the decline in value of this item

Assignment Help Accounting Basics
Reference no: EM132547531

Question - If a photocopier(If we assume that the purchase amount is $100,000) with an effective life of 5 years was bought and first used on July 1 and subject to the 'prime cost method' of depreciation (ignoring any impact of GST), what would be the decline in value of this item in the first 12 months?

Reference no: EM132547531

Questions Cloud

Demonstrate how will apply total quality management : Demonstrate How will apply TOTAL QUALITY MANAGEMENT (TQM) to enhance the performance of the organization, Explain in detail with examples.
Develop a physician evaluation program in alignment : In healthcare forecasting and projections are used to look at future possibilities for the organization. Projections are based on current information viewed.
Find what will relationship between total operating income : Find What will be the relationship between total operating income for the four-year period as reported under absorption and variable costing? Explain
Reflect on your previous speeches and self-reviews : Reflect on your previous speeches and self-reviews and consider your growth in effective speaking skills. In which one of the areas do you feel as if you.
What would be the decline in value of this item : If a photocopier(If we assume that the purchase amount is $100,000) with an effective life of 5 years was bought. What would be decline in value of this item
Standard deviation and coefficient variation : What is the difference between the standard deviation and coefficient variation?
Harmed or bankrupted by disaster : Go online and search for information about companies that have been harmed or bankrupted by a disaster.
When does graffiti become art : When does graffiti become art? Paper must be at least 3 full pages, with at least six paragraphs. 12 point, Times New Roman, Double spaced.
How to calculate the direct labor efficiency : How to Calculate the Direct Labor Efficiency? Direct material purchased: 36,000 yards at RS 1.38 per yard RS 49,680, Direct-labor rate variance

Reviews

Write a Review

Accounting Basics Questions & Answers

  Problem regarding the independence of arthur andersen

Consider that both KRC and FOF, including its NRFA, were audited by ArthurAndersen. In addition, Arthur Andersen audited King's personal accounts. Do youbelieve these relationships impaired the independence of Arthur Andersen? Why orwhy not?

  Discuss what is the right of survivorship

With regard to undivided ownership of property, what is the right of survivorship? When does it exist

  Calculate the total cost in each activity cost pool

Alcorn Ltd. manufactures various computer components in Jackson Mississippi. The following are budgeted for January Insurance plant $780,000 Electricity.

  Corporation in the inventory-land and building

Does Nancy, Guy, or Rod recognize gain (or income)? What basis does Guy have in the Goldfinch stock? What basis does Goldfinch Corporation have in the inventory? In the land and building? What basis does Rod have in the Goldfinch stock?

  Analyze main factors that an organization should consider

Analyze the main factors that an organization should consider in determining the required rate of return for evaluating projects in global markets and the impact that this will have on decision making.

  Length of receivables conversion period

Last year Bizmart had credit sales of $32 million and a net profit margin of 8%. If Bizmart had accounts receivable of $4.5 million, what was the length of the receivables conversion period?

  The principal function of an accounting system

In the REA framework, an account receivable would be classified as a(n)

  What is maddox cost of goods sold

The Maddox Company uses the cash basis of accounting. What is Maddox's Cost of Goods Sold under the accrual basis of accounting

  Problem regarding the damaged goods

An appliance manufacturer stock- piles washers and dryers in a large warehouse for ship- ment to retail stores. Sometimes in handling them the appliances get damaged.

  What is the cost of the truck

Novak Corp. incurs the following expenditures in purchasing a truck: cash price $40,000, What is the cost of the truck

  What are the top ten reasons to try microsoft office

Explain the basic features of the payroll add-on service in Microsoft Office Accounting Professional.

  Beginning cash balance

In 2010, Bombay Corporation had cash receipts of $21,000 and cash disbursements of $12,000. Their ending cash balance at December 31, 2010 was $33,000. What was their beginning cash balance?

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