User Account

All Pages

Calculate the annual depreciation charge

Assignment Help Accounting Basics
Reference no: EM131704850

Question - Wilson Limited applied the straight-line method of depreciation to its non-current assets. The cost of the buildings was $640000, the depreciable amount is $560000, the residual value is $80 000 and the useful life is 8 years. The annual depreciation charge is:

a. $80,000

b. $75,000

c. $70,000

d. $60,000

Reference no: EM131704850

Questions Cloud

Demonstrates a time when a life event caused a readjustment : Provide an example from your own experience that demonstrates a time when a life event caused a readjustment period for you.
What would you call those attempts at communication : What would you call those attempts at communication, Every time that we talk to another person; we are engaging in a conversation
Forward probability or non-probability sampling technique : Is Ralph putting forward probability or non-probability sampling technique in his quantitative study? What specific sampling technique is Ralph putting forward?
Prepare closing journal entries for the budgetary accounts : The ledger of the General Fund of the City of New Elisa shows the following balances at the end of the fiscal year.
Calculate the annual depreciation charge : Wilson Limited applied the straight-line method of depreciation to its non-current assets. The annual depreciation charge is
Discuss teens have types of exchanges with a friend : Teens are more likely to have had these types of exchanges with a friend than with a family member and though this might demolish
Finding the minimum weight of all the edges : Assume we have a graph which is weighted and undirected. And the weights are real numbers.
Create a proposal for negotiating the sale of your product : You have been asked by your supervisor to create a proposal for negotiating the sale of your product with a Japanese company.
Independent materials testing lab : You have just started work as an intern in the purchasing department of Westridge Laboratories, an independent materials testing lab.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Differentiate between a lan and the cloud

Please address each of the following issues in a separate paragraph or two, with each response identified by the corresponding letter of the issue you are addressing. Your responses should reflect issues you have studied in the first four chapters..

  Ilana industries inc needs a new lathe it can buy a new

ilana industries inc. needs a new lathe. it can buy a new high-speed lathe for 1.7 million. the lathe will cost 52000

  Rembrandt enterprises called 400 of its 1000 face value

rembrandt enterprises called 400 of its 1000 face value bonds that had been outstanding for 7 years of the scheduled 30

  Show the journal entry for pension expense

(Basic Pension Worksheet) The following defined pension data of Rydell Corp. apply to the year 2014.

  Determine the appropriate statistical tool

Determine the appropriate statistical tool to test the hypothesis based on the research question. Conduct a hypothesis test with a 95% confidence level, using the statistical tool.

  Find average annual compound rate of return

Find this no-load fund's five-year (2012-2016) average annual compound rate of return. Also find its three-year (2014-2016) average annual compound rate.

  Compute the equivalent units of production for october

Compute the equivalent units of production for October assuming that the company uses the weighted-average method of accounting for units and costs. how is this computed?

  Replacement machine out right

Assume that Nigel wouldlike to be debt-free by the time that he replaces the machine, and that he wants to buy the replacement machine out right, rather thantaking out another loan.

  As a pricing analyst for the value supreme grocery chain

as a pricing analyst for the value supreme grocery chain you are asked to prepare the analysis of a proposal to price

  Find the project standard deviation of npv

The Yoran Yacht Company (YYC), a prominent sailboat builder in Newport, may design a new 30-foot sailboat based on the "winged" keels first introduced.

  Charles austin of the controllers office of thompson

charles austin of the controllers office of thompson corporation was given the assignment of determining the basic and

  How will the bonds be presented on the balance sheet

The bonds mature in 10 years. How will the bonds be presented on the balance sheet

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