Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
In recent years, Farr Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods have been used. Information concerning the machines is summarized in the table below.
Machine
Acquired
Cost
Salvage Value
Useful Life (in years)
Depreciation Method
1
Jan. 1, 2012
$122,000
$35,600
8
Straight-line
2
July 1, 2013
82,000
11,800
5
Declining-balance
3
Nov. 1, 2013
101,500
8,500
7
Units-of-activity
For the declining-balance method, Farr Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 31,000. Actual hours of use in the first 3 years were: 2013, 800; 2014, 6,180; and 2015, 7,780.Compute the amount of accumulated depreciation on each machine at December 31, 2015.
If machine 2 was purchased on April 1 instead of July 1, what would be the depreciation expense for this machine in 2013? In 2014?
brown cow dairy uses the aging approach to estimate bad debt expense. the balance of each account receivables is aged
an investor sells short 200 shares of stock at 15 per share. the initial margin requirement is 60. the investor earns
as you have learned in this weeks readings the accounting equation is assets liabilities owners equity.is the
selected accounts of the weinstein musical society a nongovernment not-for-profit organization for the year ended
z ltd. purchased a fixed asset for rs. 50 lakhs which has the estimated useful life of 5 years with the salvage value
the city of chicago is considering a railroad track improvement project that is expected to provide benefits in the
Determine which expenses are mixed and, by use of the high low method, seperate each mixed expense into its variable and fixed components. state the cost formula for each mixed expense.
Watson Corporation owned 600,000 shares of Nixon Corporation stock. On December 31, 2012, when Watson's account "Investment in Common Stock of Nixon Corporation" had a carrying value of $5 per share, Watson distributed these shares to its stockhol..
Compute the amount of net income that ABC Company would report inits 2007 income statement after all the above transactions arerecorded and all necessary adjusting entries are made at December31, 2007. Don't use decimals in your answer.
what do you think are the major barriers to upward communication in an organization? justify your responses with
the equity of webster corporations balance sheet shows the following preferred stock-- 5 cumulative 10 par value 15
susan ortiz operates a covered parking structure that can accommodate up to 600 cars. susan charges 6 per hour for
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd