User Account

All Pages

B company switched from the sum-of-the-years-digits

Assignment Help Accounting Basics
Reference no: EM13575491

B Company switched from the sum-of-the-years-digits depreciation method to straight-line depreciation in2011. The change affects machinery purchased at the beginning of 2009 at a cost of $72,000. The machinery has an estimated life of five years and an estimated residual value of $3,600. What is B's 2011 depreciation expense?

Reference no: EM13575491

Questions Cloud

On february 1 2011 wolf inc issued 10 bonds dated february : on february 1 2011 wolf inc. issued 10 bonds dated february 1 2011 with a face amount of 200000. the bonds sold for
When keith created a new corporation as the sole : when keith created a new corporation as the sole shareholder he was advised by his accountant to treat 50 percent of
An analysis of the transactions of cavernous homes inc : an analysis of the transactions of cavernous homes inc. yields the following totals at december 31 2009 cash 2200
The laker co and heat co are both subsidiary companies : the laker co. and heat co. are both subsidiary companies owned by the nba jam co. the laker co. makes a product called
B company switched from the sum-of-the-years-digits : b company switched from the sum-of-the-years-digits depreciation method to straight-line depreciation in2011. the
Peytons colt farm issued a 30-year 7 percent semiannual : peytons colt farm issued a 30-year 7 percent semiannual bond 7 years ago. the bond currently sells for 94 percent of
What is the divisions margin before the new projectwhat is : ferrel wares is a division of a major corporation. the following data are for the latest year of
Southern california inc through no fault of its own lost an : southern california inc. through no fault of its own lost an entire plant due to an earthquake on may 1 2011. in
The bid rate of the new zealand dollar is 323 while the ask : you observed the bid rate of a new zealand dollar is .332 while the ask rate is .334 at bank x. the bid rate of the new

Reviews

Write a Review

Accounting Basics Questions & Answers

  Thinking model discussion

Which of the following is NOT one of the five steps in the lean thinking model discussed in the text? Choose one answer.

  Journal entry for sorter company

On January 16, 2011, Sorter Company determined that its receivable from Ordonez Company of $8,000 will not be collected, and management authorized its write-off. a) Prepare the journal entry for Sorter Company to write off the Ordonez receivable.

  Calculate the companys current amount

Calculate the company's current total contribution margin and the current average contribution margin ratio and calculate the companys current amount of operating income.

  The firms 34-cent-per-share cash dividend on the new

the company with the common equity accounts shown here has decided on a two-for-one stock split. the firms

  At the beginning of august hogancamp corporation had 26000

at the beginning of august hogancamp corporation had 26000 of raw materials on hand. during the month the company

  Journal entry-record stock issuance

A corporation issues $2,000 Shares of common stock for $32,000. The stock has a stated value of $10 per share. The journal entry to record the stock issuance would include a credit to Common Stock for

  How a long-term asset is depreciated

How a long-term asset is depreciated can have a rather sharp result, especially for capital-intensive companies. As a result, should property be assigned a life and basis based on its economic value or on its physical life expectancy?

  Compute materials price and efficiency variances

Duluth Castings Company makes a product, X-tol,from two materials. Ticon and VF. The standard prices and quantities are as follows.

  For the year ended june 30 2011 net income for silk

for the year ended june 30 2011 net income for silk corporation was 7400. depreciation expense was 2000. during the

  Explain the constructive receipt doctrine

Explain the Constructive Receipt Doctrine. What role does the U.S. Congress play in creating the tax law? Briefly explain how a tax bill becomes a tax law.

  Determining beginning cash balance

In 2006 Bombay Corporation had cash receipts of $14,000 and cash disbursements of $8,000. Their ending cash balance at December 31, 2006 was $22,000. What was their beginning cash balance?

  In order to maintain production at 5200 laptops drake

suppose that drake corporation produced and sold 5000 laptop computers during 2010. it reported 270000 cash provided by

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