Computations regarding the depreciation

Assignment Help Accounting Basics
Reference no: EM13758510

Depreciation computations:

Alpha Alpha Alpha, a college fraternity, purchased a new heavy-duty washing machine on January 1, 20X3. The machine, which cost $2,000, had an estimated residual value of $100 and an estimated service life of 4 years (1,800 washing cycles). Calculate the following:

a. The machine's book value on December 31, 20X5, assuming use of the straight-line

depreciation method

b. Depreciation expense for 20X4, assuming use of the units-of-output depreciation method.

Actual washing cycles in 20X4 totaled 500.

c. Accumulated depreciation on December 31, 20X5, assuming use of the double-decliningbalance depreciation method.

Reference no: EM13758510

Questions Cloud

Supply curve in healthcare to fluctuate : Compare the health care-based factors in the issues that you reviewed that, in your opinion, cause the cost curve of health care to shift.
Simple mobile database-replication and mobile database strat : For this assignment, you will create a simple mobile database application using any mobile database of your choice consisting of one or two tables. You may use the database you created in another unit or you may choose to create a new database to ..
Write a report on characteristics of criminal homicides : write a report on Characteristics of Criminal homicides As a Function of Psychopathy. Journal of Abnormal Psychology, 111, 436-445.
What made ikea a leading global furniture company : What made IKEA a leading global furniture company - Coca Cola Company? What makes IKEA a "global cult brand"
Computations regarding the depreciation : Alpha Alpha Alpha, a college fraternity, purchased a new heavy-duty washing machine on January 1, 20X3. The machine, which cost $2,000, had an estimated residual value of $100 and an estimated service life of 4 years (1,800 washing cycles). Calcul..
What is the opportunity cost of one more candy bar : What is the budget line equation - what is the slope of the budget line equation and what is the opportunity cost of one more candy bar?
Computing depreciation expense : Depreciation methods.Mike Davis Enterprises purchased a delivery van for $40,000 in January 20X7. The van was estimated to have a service life of 5 years and a residual value of $6,000. The company is planning to drive the van 20,000 miles annuall..
Important aspects of managerial economics : Describe the most important aspects of Managerial Economics for you with respect to the content that was covered or activities in which you participated. Discuss the relevance and value or the practicum assignment with respect to your knowledge ac..
Why was public relation campaign successful or unsuccessful : After reading this week's Learning Resources, provide an example (other than those listed in the readings) where public relations campaigns have been effective or ineffective. Why was the campaign successful or unsuccessful?

Reviews

Write a Review

Accounting Basics Questions & Answers

  What amount of the refund

What amount of the refund, if any, should Grace include in her gross income if last year her total itemized deductions exceeded the standard deduction by $350?

  Activities that involve the production or purchase of

activities that involve the production or purchase of merchandise and the sale of goods and services to customers

  How might the nature of the business affect your decision

Imagine you are preparing a business s cash budget, which involves determining the amount of cash to keep on hand. How might the nature of the business affect your decision?

  Using the formula method determine the dollar sales that

using the formula method determine the dollar sales that are required to earn a target profit of 11432. liman

  Additional information for 2011 the combination occurred

anderson inc. has owned 70 of its subsidiary arthur corp. for several years. the consolidated balance sheets of

  Amount gain from the sale of the building

On January 1, 2010, Fishbone Corporation sold a building that cost $262,300 and that had accumulated depreciation of $101,600 on the date of sale. Fishbone received as consideration a $251,400 noninterest-bearing note due on January 1, 2013.

  How are these standards regulated

Evaluate and summarize the differences between International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles (GAAP). Why is this important? How will it be implemented? How are these standards regulated? Who r..

  Go to sec web site httpwwwsecgov under filings and forms

go to sec web site httpwww.sec.gov under filings and forms edgar click on search for company filings. click on

  The standard cost card for a product indicates that one

the standard cost card for a product indicates that one unit of the product requires 8 kilograms of a raw material at

  Compare annual reports

With respect to the three reports in comparison: Income Statement, Cash Flow Statement, and Balance Sheet how can I "zero" in, or in laymen's terms, do an efficient comparison.

  Review and discuss what the general rules are under us gaap

You are the Chief Accounting Officer of Dream Job Corporation and have been asked for your expert opinion on the following future transaction.

  Cactus construction sells 1000000 of 8 bonds on january 1

cactus construction sells 1000000 of 8 bonds on january 1 20xx. the bonds are unsecured but registered to the name of

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