User Account

All Pages

Calculate the net book value of one machine as at june

Assignment Help Accounting Basics
Reference no: EM133105964

Question - Paps Pte Ltd ("Paps") bought 4 machines to manufacture plastic containers at a total cost of $1,000,000. It is available for use on 1 July 2020. It is expected that these machines can be used for 5 years and the total salvage value is $100,000. The net book value of the machines depreciates by 30% annually.

The financial year end of the company is 30 June.

1. What depreciation method is Paps using to allocate the cost of its machines?

2. Calculate the total accumulated depreciation for the 4 machines as at 30 June 2021.

3. Calculate the net book value of one machine as at 30 June 2021.

4. Suppose that the total salvage value at the end of its useful life is changed from $100,000 to $110,000. Would the computation of the accumulated depreciation of the machines as at 30 June 2021 be affected? (No workings are required.)

Reference no: EM133105964

Questions Cloud

Discuss the issues raised in these circumstances : Discuss the issues raised in these circumstances. Is John likely to recover any damages - Portfolio Commercial Assessment Event
Prepare journal entries to record the transactions : A corporation had stockholders' equity on January 1 as follows: Common Stock, $1 par value, Prepare journal entries to record the transactions
What about the purpose and composition of the balance sheet : What about the purpose and composition of the balance sheet, the income statement, the statement of retained earnings and the statement of cash flows
Explain the audit manager concern : You are the audit senior on the audit of Abundant Games Ltd (AGL), a large retalier of computer games. Explain the audit manager concern
Calculate the net book value of one machine as at june : Paps Pte Ltd ("Paps") bought 4 machines to manufacture plastic containers at a total cost of $1,000,000. Calculate the net book value of one machine as at June
American psychological association for justifying job : What are the three standards developed by the American Psychological Association for justifying job requirements
What is the carrying amount of the note on december : The prevailing rate of interest for a note of this type on January 1, 2022 was 10%. What is the carrying amount of the note on December 31, 2022
Find the equated annual installment : The loan is to be repaid in 5 equal annual instalments payable at the end of each of the next 5 years. Find the equated annual installment
American psychological association for justifying job : What are the three standards developed by the American Psychological Association for justifying job requirements

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