User Account

All Pages

Calculate the depreciation cost per hour

Assignment Help Accounting Basics
Reference no: EM132581525

Wildhorse Co. purchased a new machine on October 1, 2022, at a cost of $90,100. The company estimated that the machine has a salvage value of $6,460. The machine is expected to be used for 82,000 working hours during its 10-year life.

Question 1: Compute depreciation using the following methods in the year indicated.

Declining-balance using double the straight-line rate for 2022 and 2023.

Question 2: Calculate the depreciation cost per hour. (Round answer to 2 decimal places, e.g. $1.25)

Reference no: EM132581525

Questions Cloud

What two exhibits are presented in the deposition : Compare the number of exhibits used in Depo 1 to the number used in Depo 2. By the nature of the exhibits listed for Depo 2, why do you think the SEC
Develop the payoff table for decision situation : The manager of the greeting card section of KCC's department store is considering her order for a particular line of Christmas cards.
Determine whether individuals with hypertension : A health care professional wants to determine whether individuals with hypertension who eat high fat diets have significantly higher
Visit can be modeled by a normal distribution : A health club lets members use, on each visit, its facilities for as long as they wish.
Calculate the depreciation cost per hour : Calculate the depreciation cost per hour. (Round answer to 2 decimal places, e.g. $1.25) Wildhorse Co. purchased a new machine on October 1, 2022, at a cost
Prioritising the budget : Prioritising the budget can be difficult as there are often conflicting demands true or false
Determine good deal or a bad deal : Using solely data from rightmove.co.uk or zoopla.co.uk determine whether this is good deal or a bad deal.
2008 federal trade commission report on consumer fraud : 1. According to the February 2008 Federal Trade Commission report on consumer fraud and identity
Find what is the total stockholders equity : What is the total stockholders' equity? Common Stock, $10 par 7,000 shares issued, $70,000; Paid-in Capital in Excess of Par $20,000

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