User Account

All Pages

Calculate the amount of one year depreciation

Assignment Help Accounting Basics
Reference no: EM132447965

Question - MacGyver Company bought equipment on January 3, 2019, for $35,400. At the time of purchase,the equipment was estimated to have a useful life of 4 years and a salvage value of $1,200. Using the straight line method, calculate the amount of one year's depreciation?

$1,200

$5,900

$475

$8,550

Reference no: EM132447965

Questions Cloud

Look at the various different gis definitions : How can the definition of GIS vary by discipline? What will your personal definition of GIS be?
BUS-1168 Management Communication Assignment : BUS-1168 Management Communication Assignment Help and Solution, Lethbridge College Assessment Writing Service - Record how you responded to specific interperson
How would the company be affected : Should the check be written today and record the expense or write the check tomorrow? How would the company be affected if the check is written
How is CrudeOil violating its core value of treating others : How is CrudeOil violating its core value of treating others with respect? What are some ways it could reincorporate core value into its organizational culture
Calculate the amount of one year depreciation : MacGyver Company bought equipment on January 3, 2019, for $35,400. Using the straight line method, calculate the amount of one year's depreciation
What are the three main purposes of budgeting : What are five basic principles, which, if followed, should improve the probability of preparing a meaningful budget? Why is each important?
Take look at the three personal narratives : Take a look at the three personal narratives we have read so far and think about a time you found yourself confronting one of the issues that are presented
What expense should be recorded as a result of events : A company buys an oil rig for $2400000 on January 1, 2018. What expense should be recorded for 2018 as a result of these events
What difference between cash and accrual basis of accounting : Discuss the difference between cash and accrual basis of accounting.discuss how the needs and size of the organization dictated the basis of accounting

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