Compute the percent used up ratio

Assignment Help Accounting Basics
Reference no: EM133095995

Question - The 2019 financial statements for Treadstone Machinery report the following information:

Year ended December 31, (In millions)

2019

2018

Revenues

21,012

19,876

Property and equipment, net

89,219

67,582

Accumulated depreciation

45,016

33,511

Depreciation expense

11,505

8,950

Required - Compute the following ratios:

A) Property, plant and equipment turnover for 2019.

B) Average useful life

C) Percent Used Up

Reference no: EM133095995

Questions Cloud

Find the maximum capital cost allowance on the furniture : On October 1 of the current year, the proprietorship purchased furniture and fixtures for $40,000. Find the maximum capital cost allowance
Explain the factors affecting the performance of a group : 1. Briefly explain the factors affecting the performance of a group.
Which firm is vulnerable to shifting dynamics : In increasing affluence, which firm is vulnerable to shifting dynamics?
What is engagement paradox : Question 1: What is engagement paradox? Explain how those may damage organization and/or employee?
Compute the percent used up ratio : The 2019 financial statements for Treadstone Machinery report the following information: Compute the Percent Used Up ratio
Comprehensive health assessment on lungs : Explain why performing a comprehensive health assessment on the lungs is very important.
List the five stages of the employment interview : List the five stages of the employment interview. What specific actions should you, as an interviewer, take to conduct a proper interview?
Human body and digestive system : Study Introduction to Human Body, and Digestive System. Name and explain four directional references.
Shrm research quarterly-organizational development : Read the SHRM Research Quarterly - Organizational Development: A Strategic HR Tool that is attached to this lesson. Share with your class members, through this

Reviews

Write a Review

Accounting Basics Questions & Answers

  Which part of quickbooks online will employee not access to

Which part of Quickbooks Online will the employee not have access to? Is it Bank register, Employees tab, contractors tab, or report center?

  Which the ordinary shares are treated in the calculation

Under IFRS where ordinary shares are issued but not fully paid, which the ordinary shares are treated in the calculation of basic EPS

  Determine the current portion of the note payable

Develop a payment schedule for the life of the note. Determine the current portion of the note payable and the long-term portion of the note payable at October

  What is the new cash realizable value after the write-off

Snowy Corp has a cash realizable value with its receivables of $10,000. What is the new cash realizable value after the write-off

  Determine the direct materials cost

Using the given information, determine the followingmissing amounts: Cost of goods sold, Direct materials cost and Direct labor cost

  What are the differences between debt and equity markets

What are the differences between debt and equity markets? What can the accountant contribute to the process? List other team players that you feel would be good contributors to the design process.

  Determine how to account for each of under ASPE and IFRS

Company has issued several financial instruments in the past year and you must determine how to account for each of these under ASPE and IFRS

  Which are incompatible for inclusion with fixed costs

Which are incompatible for inclusion with fixed costs? Depreciation on buildings and equipment. / Supervisory salaries. / Property taxes

  Describe financial accounting disclosures

Describe financial accounting disclosures required for nonprofit organizations and how these disclosures provide useful information to users

  Should Jerseys Inc accept the proposal

Jerseys, Inc., currently produces 10,000 jerseys a year for its regular customers and charges $10 per jersey. Should Jerseys Inc accept the proposal

  Determine what is last day on which must file an amendent

Determine What is the last day on which he must file an amended 2018 return to claim this loss? Reginal filed his 2018 income tax return on January 15, 2019.

  T have as a result of receiving the rights

a. How much in taxable income does T have as a result of receiving the rights?

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