User Account

All Pages

Calculate depreciation expense for the crushing equipment

Assignment Help Accounting Basics
Reference no: EM133077329

Question - Mustang crushers ltd has crushing equipment with a cost of $30600. The equipment is estimated to last 18 years and to crush an estimated 365000 units during its lifetime at which time it will have an estimated residual value of $40000. It is to be depreciated using the units of production depriciation method. During the current year 27800 units were crushed. Calculate depreciation expense for the crushing equipment in the current year.

Reference no: EM133077329

Questions Cloud

Determine the net present value of the project : The company requires a minimum pretax return of 17% on all investment projects. Determine the net present value of the project
John Carter-Hedging-The output quantity is uncertain : Now assume that the output quantity is uncertain. How does the correlation between output and prices affect Carter's decision on how much to hedge?
Adjust net income for changes in operating asset : Adjust net income of $129,700 for changes in operating assets and liabilities to arrive at net cash flow from operating activities
What balance will be recorded : What balance will be recorded to the "additional paid-in capital-stock options" account upon granting these options
Calculate depreciation expense for the crushing equipment : During the current year 27800 units were crushed. Calculate depreciation expense for the crushing equipment in the current year
Calculate the interest expense on the bonds : The current annual market rate on bonds is 4%. Calculate the interest expense on the bonds for the year ended Dec 31, year 1
Yielded additional valuable information : How did participating in discussions help your understanding of the subject matter? Is anything still unclear that could be clarified?
Prepare all journal entries necessary to record transaction : Prepare all journal entries necessary to record the transactions, and any necessary December 31 year end adjusting entries
Market without government intervention : Imagine that in a wine region the supply of wine (V, measured in millions of liters) is inelastic and the demand is given by the function PV = 400 - 50V. 4 mill

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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