User Account

All Pages

Compute fast delivery depreciation

Assignment Help Accounting Basics
Reference no: EM131945298

Question - Assume that at the beginning of 2011, Fast Delivery, a UPS competitor, purchased a used Jumbo 747 aircraft at a cost of $44,400,000. Fast Delivery expects the plane to remain useful for five years (6.5 million miles) and to have a residual value of $5,400,000. Fast Delivery expects to fly the plane 725,000 miles the first year, 1,225,000 miles each year during the second, third, and fourth years, and 2,100,000 miles the last year.

1. Compute Fast Delivery's depreciation for the first two years on the plane using the following methods:

a. Straight-line

b. Units-of-production

c. Double-declining-balance

2. Show the airplane's book value at the end of the first year under each depreciation method.

Reference no: EM131945298

Questions Cloud

Describe the feedback shared by three nurse colleagues : Describe the feedback shared by three nurse colleagues and discuss whether their impressions are consistent with what you have researched about health reform.
Conflict of interest between stockholders and bondholders : There is a conflict of interest between stockholders and bondholders because
Appraise selling price for property in year of disposal : Your Company bought a piece of property at end of year 2010 for OMR 200,000 as long-term investment. Appraise selling price for property in year of disposal.
Eliminating the gre from graduate school admissions : The dean is considering eliminating the GRE from graduate school admissions requirements.
Compute fast delivery depreciation : Compute Fast Delivery's depreciation for the first two years on the plane using the following methods: Straight-line and Units-of-production
Discuss the pros and cons of the reimbursement methods : Summarize 3 different reimbursement methods that are used by health care providers. Discuss the pros and cons of the reimbursement method(s) that you chose.
What should be the promotional objective of the company : What stage of its product life cycle is Green Works on? Explain why you think so - what should be the promotional objective of the company
What percent of these men are greater than 74in tall : The heights of men in a gym are known to be normally distributed with mean =70in and standard deviation =3in
Which of the given costs are deductible : Lauren is a sole proprietor. She owns, leases, and manages apartment buildings. During the current year, Lauren incurred the following costs.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Explain the appropriate accounting treatment for the sale

Prepare a one page memo for Susan Madigan explaining the appropriateaccounting treatment for the sale of inventory to Sterling Vendors.

  Prepare a production budget for the month of april

HITSG desires to have total tablecloths on hand at the end of each month equal to 15 percent of the following month's budgeted unit sales

  Calculate the variable cost per inspection

The manager of Quick Car Inspection reviewed the monthly operating costs for the past year. Calculate the variable cost per inspection

  What the earnings before income taxes for the year ended

The following note was taken from the 2004 financial statements of Walgreen Company: Inventories are valued on a last-in, first-out (lifo) cost basis.

  How can a firms security policies contribute and relate to

how can a firms security policies contribute and relate to the six main business objectives and give

  A client operates a small business organized as a sole

a client operates a small business organized as a sole propreintship and is considering change the business to operate

  Standard error of the mean difference

a) What is the standard error of the mean difference? b) How many degrees of freedom does the t-statistic have? c) What is the 90% confidence interval for the mean dif- ference? d) What do you conclude at a = 0.05?

  Acme company used a predetermined overhead rate of 36 per

acme company used a predetermined overhead rate of 36 per direct labor hour for the year. assume the only inventory

  How would the statement of cash flows differ

Two companies incur interest expense of $16,000 and pay dividends of $30,000. Additionally both companies receive interest and dividends from investments.

  The demand for money and the quantity demanded of money

What is the difference between the demand for money and the quantity demanded of money?

  Compute net futa tax

Peyton Company payroll for the year is $737,910 of this amount, $472,120 is for wages paid in execess of $7,000 to each individual employee. The SUTA rate in Peyton company's state is $2.9% on the first $7,000 of each employee's earnings.

  Problem related to compounded semi-annually

If I invest $40,000 0n January 1, 2010 in a savings account that earns interest of 8% compounded semi-annually. What will be the amount in the fund on December 31, 2015?

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