User Account

All Pages

Calculate the correct net book value of the machine

Assignment Help Accounting Basics
Reference no: EM132772806

Problem - Plant Assets and Depreciation - Angela purchased a machine for her business on 1 March 20X1 for $12,000. She incurred additional costs for transportation of $1,300 and installation of $2,000. Shortly after she started to use the machine, it broke down and the repairs of the machine cost $600. Angels charges depreciation at 10% per annum on straight line basis with a full year's charge in the year of acquisition.

Required - Calculate the correct net book value of the machine at the year end date of 31 December 20X1?

Reference no: EM132772806

Questions Cloud

Manufactures military weapons at remote location : A government facility develops and manufactures military weapons at a remote location.
Briefly summarize the patient case study you were assigned : Briefly summarize the patient case study you were assigned, including each of the three decisions you took for the patient presented. Based on the decisions.
Process of lean production and inventory control : Discuss just-in-time (JIT) as a process of lean production and inventory control.
What was the organization net income for the period : A for-profit hospital, The hospital paid dividends of $10,000. What was the organization's net income for the period ended December 31, 2017?
Calculate the correct net book value of the machine : Plant Assets and Depreciation - Angela purchased a machine for her business on 1 March 20X1 for $12,000. Calculate the correct net book value of the machine
What is the margin of safet in both units and sales dollars : Determined the company must sell 180,000 cards every quarter to break even. What is the margin of safety (MOS) in both units and sales dollars?
How can influence tactics be used : How can influence tactics be used? Select two influence tactics and give examples of their use. Would the two selected most likely be used as a first or follow-
What is the breakeven point in sales dollars : The total variable costs will be $700,000, total sales will be $1,050,000, and fixed costs will be $135,000. What is the breakeven point in sales dollars?
What is enterprise resource planning systems : What is enterprise resource planning (ERP) systems, and state a business implement this system then state

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