Determine the depreciation for the month

Assignment Help Accounting Basics
Reference no: EM133049948

Question - A diesel-powered tractor with a cost of $337,520 and an estimated residual value of $4,600 is expected to have a useful operating life of 82,000 hours. During April, the tractor was operated 100 hours. Determine the depreciation for the month. If required, carry out any division to two decimal places.

Reference no: EM133049948

Questions Cloud

Calculate the amount of interest revenue : ABC company received a $10,600, 30-day, 10 percent note from Queen of South Co. for exchange of cash. Calculate the amount of interest revenue
How is social media marketing different : How is social media marketing different from traditional marketing tactics? Also, keep in mind that nothing is forever; what do you think the future of social m
Explain the action of the participants : Do you believe that workplace or societal norms affected the action of the participants?
Implementing the new csr policy throughout the company : Based on your previous analysis, what recommendations would you make to Nike in terms of implementing the new CSR policy throughout the company?
Determine the depreciation for the month : During April, the tractor was operated 100 hours. Determine the depreciation for the month. If required, carry out any division to two decimal places
By how much the best option is cheaper : In terms of today's dollar, by how much the best option is cheaper than the worst one? Money is worth 4.3% compounded semi-annually
Provide rationale and justification for public policy : How do government failures provide rationale and justification for public policy
Discuss in detail the concept of data analytics : Discuss in detail the concept of data analytics. How can this process be used in manufacturing, banking, healthcare, or insurance?
Budget on the operations of the organization : Analyze the impact of the budget on the operations of the organization, and provides recommendations, supported by literature.

Reviews

Write a Review

Accounting Basics Questions & Answers

  The company had recorded depreciation

The Tate Company began 2010 with a Retained Earnings account balance of $180,000. During 2010, the following eight events occurred and were properly recorded by the company:

  What is the amount of bettys taxable gifts

What is the amount of Betty's taxable gifts for the current year (assuming that she does not elect to split the gifts with her spouse)?

  Make journal entry to recognize the acquisition date aap

Make journal entry (on Gooch's books) to recognize the acquisition date AAP and allocate the ownership interest in those assets to the parent

  Prepare the journal entry to record the sale

Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2012, for $190 million. Prepare the journal entry to record the sale.

  Average investor understand the difference

Why is it important to report discontinued operations or extraordinary items separately from income from continuing operations? Does the average investor understand the difference?

  Discuss problem related to the european stock

Jacques wants to profit from the continuous increase in price of European stocks. Since they have been very volatile in the last year.

  Explain for your new business associates

Explain for your new business associates how you would do the accounting for this type of business

  Determine the amount of cash paid for merchandise

Cash payments for merchandise-direct method - the inventory balance decreased by $28,000 over the year. Determine the amount of cash paid for merchandise

  Compute the ending inventory and the cost of goods sold

Question - FIFO and LIFO inventory methods. Instructions: What is the ending inventory and the cost of goods sold for item BSD under the following methods

  Prepare an audit estimate of the amount of interest expense

Analytical Procedures and Interest Expense. Wey man Z. Wannamaker is the chief financial officer of Cogburn Company. He prides himself on being able to manage.

  Tis year randy paid 28000 of interest randy also paid

this year randy paid 28000 of interest. randy also paid 2500 of interest on his car loan and 4200 of margin interest to

  Determine the customer-level planning

Determine the city population required for a single 7-Eleven to earn an annual profit of $40,000.Determine the Customer-Level Planning

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