User Account

All Pages

Compute depreciation for the year using units of activity

Assignment Help Accounting Basics
Reference no: EM132808358

Problem 1: Harlow Manufacturing corporation purchased a Truck on Jan. 1 of the current yr. for $80,000. The useful life was set at 5 years or 100,000 hours. The salvage value was determined to be $5,000. The Truck was used 12,000 miles in the current year. Compute the depreciation for the year using The Units of Activity Method .

Option 1: 9,600
Option 2: 12,000
Option 3: 20,000
Option 4: 9,000

Reference no: EM132808358

Questions Cloud

Understanding of the situation of the disabled person : To provide you with an opportunity to coordinate individual or group learning and development.
Do you agree with the nlra complaint process : Employees covered by the NLRA are guaranteed the right to form, join, decertify, or assist a labor organization, to work together to improve terms and condition
Distinguish between the terms classified and comparative : Distinguish between the terms classified, comparative. Why is the statement of financial position a logical place to begin a discussion offinancial statements
Explain goal setting and strategic planning : Do you think that, based on their goal setting and strategic planning, that their career website works as a recruitment format? Why or Why not?
Compute depreciation for the year using units of activity : The Truck was used 12,000 miles in the current year. Compute the depreciation for the year using The Units of Activity Method .
Dramatic change in company culture : Note: All character and company names are fictional and are not intended to depict any actual person or business.
How should the company address issue in financial statement : Borden chemical product division, How should the company address this issue in the financial statements for the year ended December 31?
Prepare the journal entry to record the interest revenue : Prepare the journal entry to record the interest revenue on December 31, 2020. Prepare the journal entry at the date of the bond purchase.
How does ethics relate to fraud : What is Ethics? Explain why it is important to society, business, and yourself? How does Ethics relate to Fraud and how can we use this relationship

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