Calculate the amount of depreciation to report during the

Assignment Help Accounting Basics

Reference no: EM13594543

Calculate the amount of depreciation to report during the year ended December 31, 2013, for equipment that was purchased at a cost of $55,000 on October 1, 2013. The equipment has an estimated residual value of $5,000 and an estimated useful life of five years or 20,000 hours. Assume the equipment was used for 1,000 hours from October 1 to December 31 and the company uses: (a) straight-line, (b) double-declining-balance, or (c) units-of-production depreciation.

straight-line is?
double-declining-balance is?
units of production is?

Reference no: EM13594543

Questions Cloud

Madeline thimmes dream store sells water beds and assorted : madeline thimmes dream store sells water beds and assorted supplies. her best-selling bed has an annual demand of 400

A railroad car of mass 250 104 kg moving at 200 ms : a railroad car of mass 2.50 104 kg moving at 2.00 ms collides and couples with two coupled railroad cars each of the

How many ml of an ethanol-water solution prepared by : how many ml of an ethanol-water solution prepared by dissolving 15.0 cm3 of ethanol density 0.789 g cm-3 in sufficient

On may 18th the company purchased the property next door as : on may 18th the company purchased the property next door as part of a plant expansion strategy. the purchase price

Calculate the amount of depreciation to report during the : calculate the amount of depreciation to report during the year ended december 31 2013 for equipment that was purchased

A block of mass 2 kg travels along a horizontal : question a block of mass 2 kg travels along a horizontal frictionless surface with velocity 3 ms. the mass collides

The lemon juiceanalyte before the end point was reached : during the quick titration of 10ml of lemon juice with 0.1053moll naoh a student dispensed 82ml sodium

A 12 kg ball is dropped from rest at a point 5m above the : a 12 kg ball is dropped from rest at a point 5m above the floor and bounces back with a speed of 6 ms. what impulse is

Marsh industries had sales in 2013 of 6400000 and gross : marsh industries had sales in 2013 of 6400000 and gross profit of 1100000. management is considering two alternative

User Account

All Pages