Aachine costing 470000 with a four-year life and an

Assignment Help Accounting Basics
Reference no: EM13594590

A machine costing $470,000 with a four-year life and an estimated $30,000 salvage value is installed in Calhoon Company's factory on January 1. The factory manager estimates the machine will produce 440,000 units of product during its life. It actually produces the following units: year 1, 118,000; year 2, 120,000; year 3, 105,000; and year 4, 104,500. The total number of units produced by the end of year 4 exceeds the original estimate-this difference was not predicted.

 

Required: Compute depreciation for each year for the machine under each depreciation method.

Reference no: EM13594590

Questions Cloud

Industrialization why did the great railroad strikes of : why did the great railroad strikes of 1877 and the haymarket square riot cause the public to resent the labor
Stowers research issues bonds dated january 1 2011 that pay : stowers research issues bonds dated january 1 2011 that pay interest semiannually on june 30 and december 31. the bonds
Sunshine cos bookkeeper recorded a check as 693 on the : the following items are from the bank reconciliation of sunshine co. for the month ended february 292000. where does
Prevatte corporation purchases potatoes from farmers the : prevatte corporation purchases potatoes from farmers. the potatoes are then peeled producing two intermediate
Aachine costing 470000 with a four-year life and an : a machine costing 470000 with a four-year life and an estimated 30000 salvage value is installed in calhoon companys
Write a balanced equation for the reduction of : write a balanced equation for the reduction of 9-fluorenone to 9-hydroxyfluorene by sodium borohydride. what is the
In the current year mikes agi is 50000 mike has no : in the current year mikes agi is 50000. mike has no miscellaneous itemized deductions other than the employment-related
The varone company makes a single product called a hom the : the varone company makes a single product called a hom. the company has the capacity to produce 40000 homs per year.
8974 grams of sodium sulfide reacts with excess nitric : 897.4 grams of sodium sulfide reacts with excess nitric acid. what volume of h2s gas is produced if the reaction is

Reviews

Write a Review

Accounting Basics Questions & Answers

  Internal users of accounting information

Internal users of accounting information include: Of the following accounts, the one which normally has the credit balance is:

  What is capital investment analysis identify four capital

a what is capital investment analysis? identify four capital investment analysis models discussed in the chapter and

  Journalize the entry to record the write-off

Acropolis Company, a computer consulting firm, has decided to write off the $12,950 balance of an account owed by a customer, Aaron Guzman. Journalize the entry to record the write-off.

  Holly inc reports warranty expense when related products

holly inc reports warranty expense when related products are sold. for tax purposes the warranty costs are deductible

  A static budget should be compared to actual costs to

a static budget should be compared to actual costs to assess how well costs were controlled should be compared to a

  Prepare the current liability section of the company

Server Planet operates a web hosting company. Examine the following items and prepare the current liability section of the company's December 31, 20X7, statement of financial position.

  What are the five components of internal control

How will the conduct of an audit of a medium-sized company be affected by the company's being a small part of a large conglomerate as compared with being a separate entity?

  A company anticipates a taxable cash receipt of 30000 in

a company anticipates a taxable cash receipt of 30000 in year 2 of a project. the companys tax rate is 30 and its

  Determining break-even price in a reduce-or-expand decision

determining break-even price in a reduce-or-expand decision. quickcare is a health care franchise that functions as a

  The company purchased for 1035000 a tract of land on which

the company purchased for 1035000 a tract of land on which a warehouse and office building were located. based on the

  If required round your cost per equivalent unit amounts to

information for the sandy manufacturing company for the month of july 2012 is as follows.beginning work in

  Puerto international has a branch in mexico that

puerto international has a branch in mexico that manufactures a garage door alarm for people with mountain bike racks

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