Complete a depreciation schedule for the alternative methods

Reference no: EM131928537

Problem

Nicole's Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the wellness programs at NGS. The machine was purchased at the beginning of 2014 at a cost of $15,500. The estimated useful life was five years, and the residual value was $1,500. Assume that the estimated productive life of the machine is 10,000 hours. Expected annual production was: year 1, 2,350 hours; year 2, 2,500 hours; year 3, 2,050 hours; year 4, 2,100 hours and year 5, 1,000 hours.

Required:

1. Complete a depreciation schedule for each of the alternative methods.

Reference no: EM131928537

Questions Cloud

Record the disposal of the hydrotherapy tub system : Record the disposal of the hydrotherapy tub system for $4,050 in year 3 assuming depreciation was calculated using the straight line method.

Prepare the balance sheet at the end an accounting period : How will the managers of nexus use these preduction cost reprts to prepare the balance sheet at the end an accounting period.

Find what sales price would have to be charged : Find what sales price would have to be charged to earn a $92,000 target profit assuming the investment in technology is made?

Determine nick and jolenes taxable income and tax liability : Assuming that Nick and Jolene have total allowable itemized. Determine their 2015 taxable income and tax liability based on the projections they gave you.

Complete a depreciation schedule for the alternative methods : Nicole's Getaway Spa purchased a hydrotherapy tub system to add to the wellness programs. Complete a depreciation schedule for each of the alternative methods.

What are the irrs and mirrs of the three projects : Given the discount rate and the future cash flow of each project, what are the IRRs and MIRRs of the three projects for Quark Industries?

Write the current fair value of the american call : Consider an American Call and an American Put option on a stock trading at a price of A1. The exercise price of either option is A2 and the time to maturity is

Prepare a balance sheet for nicoles getaway spa : Nicole Mackisey is thinking of forming her own spa business, Nicole's Getaway Spa (NGS). Prepare a balance sheet for Nicole's Getaway Spa at December 31, 2013.

Calculate the yield using a geometric average : If the pure expectations theory is correct, what does the market believe that 2-year securities will be yielding 4 years from now?

User Account

All Pages