User Account

All Pages

Calculate the accelerated depreciation amount

Assignment Help Accounting Basics
Reference no: EM132488203

Question - Given that Twist Ltd purchased equipment on 1 January 2006 at cost of $33,000. Management expects the equipment to have a useful life of four years. At the end of four years, the estimated sale value of the equipment's is $3,000.

Required - Using the above information:

A. Calculate the straight line depreciation amount and complete the straight line depreciation schedule for 2006 to 2009. What is the ending book value year 2007? Accumulated depreciation amount in year 2008? Why the difference with the above methods?

From the schedule what is the ending book value year 2007?

The accumulated depreciation amount in year 2008?

B. Calculate the accelerated depreciation amount and complete the accelerated depreciation schedule for 2006 to 2009.

Reference no: EM132488203

Questions Cloud

Record the entry to write-off specific accounts : All implied journal entries relative to bad debt expense and the allowance for uncollectible accounts. Record the entry to write-off specific accounts
What are the pros and cons of your ell program : Based on your assigned group, list at least three pros and cons of your ELL program. Use your text and additional sources to support your response.
What is the amount of current liabilities : All liabilities are due to be satisfied within one year unless stated otherwise. What is the amount of current liabilities
Is debenture a debt that is not secured : Is debenture a debt that is not secured? Are Zero coupon bonds so named because companies do not record interest expense on them.
Calculate the accelerated depreciation amount : The estimated sale value of the equipment's is $3,000. Calculate the accelerated depreciation amount and complete the accelerated depreciation schedule
Calculate the gross profit margin on a sales transaction : Calculate the gross profit margin on a sales transaction. The sales transaction was "sold 30 different types of products on account to Pace Corporation
Determine the value of the test statistic : Determine if the test is two-tailed, right-tailed, or left-tailed, and determine the value of the test statistic.
What is a salt in the context of unix password managemet : What is a salt in the context of UNIX password management? List and briefly define four techniques used to avoid guessable passwords.
Is long-term note payable an example of a current liability : Is Liabilities for gift cards and similar items must be kept on the balance sheet until they are redeemed, regardless of how long that takes.

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