Computing the revised annual depreciation

Assignment Help Accounting Basics

Reference no: EM13122330

On January 1, 2010, the Ramirez Company ledger shows Equipment $34,700 and Accumulated Depreciation $10,000. The depreciation resulted from using the straight-line method with a useful life of 11 years and salvage value of $1,300. On this date, the company concludes that the equipment has a remaining useful life of only 5 years with the same salvage value. Compute the revised annual depreciation.

Reference no: EM13122330

Questions Cloud

Illustrate what do you think lies behind the failure : As you have read, project management has experienced noteworthy failures in implementing computer software. Illustrate what do you think lies behind the failure of project management to achieve its goals?

What volume of 0.10 m naoh must be added : A buffer is made using 45.0 mL of 0.750 M HC3H5O2 and 55.0 mL of 0.700 M NaC3H5O2.What volume of 0.10 M NaOH must be added to change the pH of the original buffer solution by 2.5%? Ka for this acid is 1.3 x 10

Illustrate what is the breakeven point : The total fixed costs to manufacture a product are $41.000. The variable costs are $253 and the selling price is $678. Illustrate what is the breakeven point?

Find slope and interpret slope : Find the slope of the line passing through the points (1990, 3.5) and (2005, 5.15). Interpret the slope as a rate of change.

Computing the revised annual depreciation : On this date, the company concludes that the equipment has a remaining useful life of only 5 years with the same salvage value. Compute the revised annual depreciation.

Case study:-current industry : case write up 1. Case extension/research project. You will pick one case that you have already written up for class discussion and extend it into a short research paper

Hat contains n coins f of which are fair : A hat contains n coins, f of which are fair and b of which are biased to land on heads with a probability of 2/3. A coin is drawn from the hat and tossed twice.

How much heat is absorbed : How much heat is absorbed when 5.53 mol of NH4NO3 solid is dissolved in water? (Heat of soluton = 25.7 kJ/mol)

Explain how marcom efforts must attempt to move prospective : Apply the hierarchy of Marcom effects framework to the introduction of the coca-cola freestyle product to the market and explain how Marcom efforts must attempt to move prospective customers through the various stages.

User Account

All Pages