Reference no: EM132930243
Question - Natalie is also thinking of buying a van that will be used only for business. The cost of the van is estimated at $36,500. Natalie would spend an additional $2,500 to have the van painted. In addition, she wants the back seat of the van removed so that she will have a lot of room to transport her mixer inventory as well as her baking supplies. The cost of taking out the back seat and installing shelving units is estimated at $1,500. She expects the van to last 5 years, and she expects to drive it for 200,000 miles. The annual cost of vehicle insurance will be $2,400. Natalie estimates that at the end of the 5-year useful life, the van will sell for $7,500. Assume that she will buy the van on August 15, 2020, and it will be ready for use on September 1, 2020. Natalie is concerned about the impact of the van's cost on her income statement and balance sheet. She has come to you for advice on calculating the van's depreciation
Prepare three depreciation tables for 2020, 2021, and 2022.
One for straight-line depreciation
One for double-declining balance depreciation
One for units-of-activity depreciation
|
Evaluate the stay-at-home workers output
: What advice can you offer to your company decision makers on how to effectively evaluate the stay-at-home workers output for the upcoming annual review?
|
|
How would be stated on a financial statement
: How would be stated on a financial statement? The company provides consulting services for Bailey Co. totaling $20,000. Bailey pays $12,000.
|
|
Human resources strategies within health care industry
: Create a Microsoft PowerPoint presentation with a minimum of 17 slides addressing human resources strategies within the health care industry
|
|
What amounts for softplus would appear in pantech december
: If the marketing software was undervalued by $34,000, what amounts for SoftPlus would appear in PanTech's December 31, 2017
|
|
Calculating the van depreciation
: Natalie is concerned about impact of the van's cost on her income statement and balance sheet. She has come to you for advice on calculating van's depreciation
|
|
Calculate chapman and power average tax rate
: Calculate Chapman & Power's average tax rate. Chapman & Power Inc. is concerned about the taxes paid by company in 2021. In addition to $150,000,000 of taxable
|
|
Record journal entries for the transactions
: In the year 2020, the Santa Crust County approved budgets to construct a $32 million Highway 103. Record journal entries for the transactions
|
|
What is the annual payment or an interest-only type of loan
: If you borrow $50,000 at an annual interest rate of 12% for six years, what is the annual payment (prior to maturity) or an interest-only type of loan?
|
|
Alternative religion and traditional western religion
: Some categories to consider include holy days, symbols, rituals, core beliefs, ethics, and the role of women.
|