When originally purchased a vehicle had an estimated useful

Assignment Help Accounting Basics
Reference no: EM13587449

When originally purchased, a vehicle had an estimated useful life of eight years. The vehicle cost $22,630 and its estimated salvage value is $1,350. After four years of straight-line depreciation, the asset's total estimated useful life was revised from eight years to six years and there was no change in the estimated salvage value. The depreciation expense in year 5 equals

Reference no: EM13587449

Questions Cloud

Freds electrical inc sells electrical parts to electrical : freds electrical inc. sells electrical parts to electrical contractors in the northwestern us. freds customers mail
A system at equilibrium or striving to reach equilibrium : a system at equilibrium or striving to reach equilibrium responds in a way that best accommodates or reduces any stress
A company paid 150000 plus a 6 commission and 4000 in : a company paid 150000 plus a 6 commission and 4000 in closing costs for a property. the property included land
Blanket corporation sold equipment for cash of 39000 : blanket corporation sold equipment for cash of 39000. accumulated depreciation on the sale date amounted to 32500 and a
When originally purchased a vehicle had an estimated useful : when originally purchased a vehicle had an estimated useful life of eight years. the vehicle cost 22630 and its
A blobsled starts from rest and slides down a frictionless : a blobsled starts from rest and slides down a frictionless 7.5 deree slope. whats its final speed after 25
Find the value of tan a-b if cos a -35 and b 513 : find the value of tan a-b if cos a -35 and b 513 90degrees lt a lt 180degrees and 90degrees lt b lt
Wat is the equation for the inverse of y cos x : what is the equation for the inverse of y cos x
Landow industries uses a job-order cost system the : landow industries uses a job-order cost system. the company applies manufacturing overhead to jobs using a

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute the amount of goods available for sale

Compute the amount of goods available for sale, ending inventory, and cost of goods sold at December 31, 2009, under each of the following inventory costing methods.

  Evaluate proposition and indicate your agreement

Critically evaluate proposition and indicate your agreement or disagreement and the underlying reasons for your position.

  Impact on consolidated financial statements

Which of the following describes the impact on consolidated financial statements of upstream and downstream transfers?

  Explain the independence between the auditor and the client

explain the independence between the auditor and the client on financial statement audit engagementsno word

  What are some of advantages and disadvantages of tracking

the "Dual Track" approach is a method of accounting used in government for the purposes of simplified reporting. What does it mean to run your accounts on the ‘Dual Track' approach?

  How is budgeting used todayexplain modern accounting money

how is budgeting used today?explain modern accounting money management and the ethical responsibility of christian

  Prepare the entries that batson company would record for

sampson co. sold merchandise to batson co. on account 39000 terms 215 net 45. the cost of the merchandise sold is

  Why is it important to investigate both price

Why is it important to investigate both price (rate) and volume (efficiency) variances when rewarding employees for satisfactory work when performance evaluations are based on meeting budgets?

  Prepare a cash budget by quarter and in total for year 2

the president of univax inc. has just approached the companys bank seeking short-term financing for the coming year

  Parc a large profitable firm has an opportunity to expand

parc a large profitable firm has an opportunity to expand one of its production facilities at a cost of 375000. the

  During the period panoramic recognized 40000 of revenue on

panoramic inc. had a beginning balance of 2000 in its accounts receivable account. the ending balance of accounts

  Monaco is planning to factor some accounts receivable at

monaco is planning to factor some accounts receivable at the end of the year. accounts totaling 50000 will be

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