Depreciation expense on asset

Reference no: EM13155167

Lennon Company purchased a depreciable asset for $200,000. The estimated salvage value is $10,000, and the estimated useful life is 10,000 hours. Lennon used the asset for 1,100 hours in the current year. The activity method will be used for depreciation. What is the depreciation expense on this asset?

Reference no: EM13155167

Questions Cloud

The american revolution : I have to write a 3 page paper on chaper 7 of the book "The American Revolution: Pages from a negro worker's notebook" by james boggs and im having problems with starting the thesis statement. what is the main idea of this large chapter. im thinking ..

Determine cost of long-term investment in bonds : Barr purchased the bonds at 102, paid brokerage costs of $6,000, and paid accrued interest for three months of $10,000. The amount to record as the cost of this long-term investment in bonds is

Overdue debt for medical books : Mary Houser has $1,200 overdue debt for medical books and supplies at Ken's Bookstore. She has only $400 in her checking account and doesn't want her parents to know about the debt. Ken's tells her that she may settle the account in one of two way..

Essay about bioengineering : I need a good title for my essay about bioengineering. I explain what is bioengineering and what can bio-engineers do when they graduate from the collage and I need some researches about bioengineering.

Depreciation expense on asset : The estimated salvage value is $10,000, and the estimated useful life is 10,000 hours. Lennon used the asset for 1,100 hours in the current year. The activity method will be used for depreciation. What is the depreciation expense on this asset?

How many j of heat are needed : the specific heat of ethylene glycol is 2.42 J/g-K. How many J of heat are needed to raise the temperature of 62.0 g of ethylene glycol from 13.1 C to 40.5 C ?

Paper about monopolies : I'm supposed to write a paper about monopolies. Are there any interesting ones that not everyone else in my class will be writing on? (like Microsoft, standard Oil, etc.)

Schedule of cost of goods manufactured problem : 100 chairs were in process at the end of the year with a cost of $9,000. Each month, Ace paid $2,000 for secretarial services. Ace also paid sales commissions of $100 for each chair sold. (a) What was the cost per chair completed ? (b) Prepare a s..

How many minutes would be required : How many minutes would be required to electroplate 25.0 g of manganese by passing a constant current of 4.8 A through a solution containing MnO4 -

User Account

All Pages