Calculate the depreciation for this equipment

Assignment Help Accounting Basics
Reference no: EM132717632

Question - Electronics company purchased equipment for cost $100000 with estimated life of 5 years and scrap value of Rs 5000.

Required - Calculate the depreciation for this equipment using the MACRS method [MACRS rates are 20%, 32%, 19.20%, 11.52% and 5.76%].

Reference no: EM132717632

Questions Cloud

Determine the amount of goodwill : The P Ltd acquires all issued capital of the S Ltd for a consideration of $1,000,000 cash and 800,000 shares each valued at $1.50. The summary statement.
Divine omniscience challenges : With reference to Pike's article, how could it be said that Divine Omniscience challenges the idea that humans have free will?
Goals of expansionary and contractionary fiscal policies : Discuss the primary goals of expansionary and contractionary fiscal policies and their effects on unemployment rates, inflation rates, interest rates,
Define potential impact of policy on apple capital structure : What is the potential impact of the policy on Apple's capital structure? Discuss Apple's financial positions, profitability and risk by analyzing the commitment
Calculate the depreciation for this equipment : Calculate the depreciation for this equipment using the MACRS method [MACRS rates are 20%, 32%, 19.20%, 11.52% and 5.76%]
Combat workplace stress productively : Suggest one key strategy that managers may use to combat workplace stress productively in today's work environment
What amount of sales is required to earn annual profit : Each unit of product is sold for $30. Victoria expects to sell 12,000 units. What amount of sales dollars is required to earn an annual profit of $140,000
Determine residential status for the assessment : Mohit left India on 07.04.2018 to United Kingdom for employment. He returned to India on 07.11.2018, after resigning his job. 9 He commenced a business.
Fee-for-service and prepaid health plan models : First define and then compare and contrast the fee-for-service and prepaid health plan models.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Customers coupons redeemable for a poster

A record shop gives its customers coupons redeemable for a poster plus a record album. One coupon i issued for each dollar of sales. On the surrender of 100 coupons and $3.00 cash, the poster and alsum are given to the customer.

  What order are the financial statements prepared

Prior to beginning work on this discussion, read Chapters 1 and 2 in the textbook. In addition, the MyLab materials listed in the Recommended Resources section.

  The machine is not expected to have a residual value at the

palmetto products is considering the purchase of a new industrial machine. the estimated cost of the machine is 50000.

  What is the acb of delta partnership interest at january

Delta's adjusted cost base (ACB) at January 1, 2011 was $59,000. What is the ACB of Delta's partnership interest at January 1, 2012?

  Determine which project might be implemented and why eg

write an email response in which you address the following pointsdetermine which project might be implemented and why

  Calculate the straight-line depreciation

Calculate the straight-line depreciation. Create an income statement using the results calculated above.

  Compute the cost driver rates for each of the activity areas

Compute the 2017 gross-margin percentage for each of Pharmahelp's three market segments. Compute the cost driver rates for each of the five activity areas.

  Calculate ending inventory and gross profit rate

Calculate ending inventory, cost of goods sold, gross profit, and gross profit rate under each of the following methods.

  Determine the number of boxes of each different snack sold

Which formula should the managerial accountant use to determine the number of boxes of each different snack sold

  What is Rio Tintos weighted average cost of capital

Question - The following information relates to Rio Tinto Mining Corporation. What is Rio Tinto's weighted average cost of capital

  What are the acceptable inventory valuation methods under

bullwhat are the acceptable inventory valuation methods under the u.s. generally accepted accounting principles

  How to calculate free cash flow and the importance

how to calculate free cash flow and the importance of free cash flow to investors

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd