At the beginning of 2011 robotics inc acquired a

Reference no: EM13571573

At the beginning of 2011, Robotics Inc. acquired a manufacturing facility for $12 million. $9 million of the purchase price was allocated to the building. Depreciation for 2011 and 2012 was calculated using the straight-line method, a 25-year useful life, and a $1 million residual value. In 2013, the estimates of useful life and residual value were changed to 20 years and $500,000, respectively. Assume that 2011 depreciation was incorrectly recorded as $32,000. This error was discovered in 2013.

What is depreciation on the building for 2013 assuming no change in estimate of useful life or residual value?

Reference no: EM13571573

Questions Cloud

The company must decide whether to continue making the : listed below are a companys monthly unit costs to manufacture and market a product. manufacturing costsdirect

In his essay becoming members of society learning the : character analysis essayin his essay becoming members of society learning the social meanings of gender aaron devor

Suppose toyota has non maturing perpetual preferred stock : suppose toyota has non maturing perpetual preferred stock outstanding that pays a 1.00 quarterly dividend and has a

Banderas corporation is considering the purchase of a : banderas corporation is considering the purchase of a machine that would cost 330000 and would last for 9 years. at the

At the beginning of 2011 robotics inc acquired a : at the beginning of 2011 robotics inc. acquired a manufacturing facility for 12 million. 9 million of the purchase

Wat is the current required return on this stock if the : last year when the stock of shipping enterprises was sellingfor 48 a share the dividend yield was 4.5 percent. today

Which of the following is not an advantage of issuing bonds : which of the following is not an advantage of issuing bonds when compared to issuing additional shares of stock in

University food systems inc has issued a 40 percent stock : university food systems inc. has issued a 40 percent stock dividend. the company has 752000 shares authorized and

User Account

All Pages