Solution-Compute depreciation expense on the machine for

Compute depreciation expense on the machine for 2011

Reference no: EM13536301

On 2009 January 2, a company purchased and placed in operation a new machine at a total cost of USD 60,000. Depreciation was recorded on the machine for 2009 and 2010 under the straight-line method using an estimated useful life of five years and no expected salvage value. Early in 2011, the machine was overhauled at a cost of USD 20,000. The estimated useful life of the machine was revised upward to a total of seven years. Compute the depreciation expense on the machine for 2011.

Reference no: EM13536301

Questions Cloud

Compute depreciation expense on the computer for 2010 : The introduction of a new model of this computer in 2010 caused the company to revise its estimate of useful life to a total of four years and to reduce the estimated salvage value to zero. Compute the depreciation expense on the computer for 2010..

Explain the crude t-pentyl chloride : Aqueous sodium bicarbonate was used to wash the crude t-pentyl chloride. what was the purpose of this wash? give equations.

Find where will the projectile strike the side of the hill : for an initial velocity of 15 m/s and a launch of 55 degrees, where will the projectile strike the side of the hill

Explain the liquid so2 is measure at different temperatures : The vapor pressure of the liquid SO2 is measure at different temperatures. the following vapor pressure data are obtained.

Compute depreciation expense on the machine for 2011 : The estimated useful life of the machine was revised upward to a total of seven years. Compute the depreciation expense on the machine for 2011.

Compare this force with her weight : A 54.1-kg ice skater is moving at 4.09 m/s when she grabs the loose end of a rope, the opposite end of which is tied to a pole, Compare this force with her weight by finding the ratio of the force to her weight

Compute the amount of heat required to raise temperature : Copper metal has a specific heat of 0.385 J/g·°C. Calculate the amount of heat required to raise the temperature of 22.8 g of Cu from 20.0°C to 875°C.

Compute depreciation using double-declining balance : Compute depreciation for 2009 and 2010 using Straight line, Units of production (assume 30,000 and 60,000 units were produced in 2009 and 2010, respectively) and double-declining balance.

Explain citrus fruits is the bitter compound limonin : Component of citrus fruits is the bitter compound limonin, which contains only carbon, hydrogen, and oxygen. When a 1.000-gram sample of limonin is subjected to complete combustion, 2.432 grams of CO2 and 0.574 grams of H2O are produced.

User Account

All Pages

Compute depreciation expense on the machine for 2011

Reference no: EM13536301

Reference no: EM13536301

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT