Determine the machine second-year depreciation

Assignment Help Accounting Basics
Reference no: EM133148146

Question - Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $81,400. The machine's useful life is estimated at 20 years, or 381000 units of product with a $4,000 salvage value. During its second year, the machine produces 32,700 units of product. Determine the machine's second-year depreciation and year end book value under the straight-line method.

Reference no: EM133148146

Questions Cloud

Case study-philippine airlines unlimited : A 5-star airline, Philippine Airlines Unlimited (PIU) operates the world's longest non-stop commercial flight from Thailand to New York and Netherland and other
What makes a cost relevant or irrelevant : What makes a cost relevant or irrelevant? Identify the two types of relevant costs. Why are sunk costs irrelevant in deciding whether to sell a product
Nestle wants to enter africa : More and more companies every day begin doing business in Africa and websites provide a lot of information to help compare and contrast business cultures across
Make a swot analysis for barns and nobles : 1. Make a SWOT Analysis for Barns and Nobles. 2. Make a SWOT Analysis for Amazon.com
Determine the machine second-year depreciation : During its second year, the machine produces 32,700 units of product. Determine the machine's second-year depreciation and year end book value
Suggest an itinerary including 3 star hotels : Peter and Emily Johnson are wishing to travel to Africa for their 10th wedding anniversary. They want to experience the wildlife and stay in a Game Lodge for pa
Persuasive leadership style and a participative one : 1. What is the difference between a persuasive leadership style and a participative one?
Disruptive instead of sustaining innovations : Christensen's Failure Framework states that incumbent companies fail when they only engage in sustaining innovations. He defines sustaining innovations as produ
What are the seven elements of fraud : What are the seven elements of fraud? Which do you believe is the most distinguishing element from other possible causes of damage, and why

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the loan impairment loss for metrobank

What is the loan impairment loss for 2018? Metrobank made a $2,000,000, 8% loan on January 1, 2018. The $160,000 interest is receivable

  A day later jim edwards the owner of easy printing a local

the outsourcing opportunitya day later jim edwards the owner of easy printing a local one-room printing operation in

  What are two major challenges in accounting for io

On April 18, Dice Co. made a short-term investment in 500 common shares of XLT Co. The purchase price is $45 per share and the broker's fee is $150.

  What other strategic or sustainability-related goals

What other strategic or sustainability-related goals should Greenview consider before making a final decision

  What is the ear

What is the APR on this loan? What is the EAR?

  How does a firm dividend policy affect each of the given

How does a firm's dividend policy affect each of the following? a. The value of its long-term warrants.

  Calculate the minimum acceptable price per unit

An order has been received from an overseas customer for 2,100, The minimum acceptable price per unit for the special order is closest to

  What are the tax consequences to pam

Pam's adjusted tax basis in each share is $800. Comet has total E&P of $280,000. What are the tax consequences to Pam because of the stock redemption

  Expected cash receipts from current and past sales

Assume that total sales for January are budgeted to be $50,000. What are the expected cash receipts for January from the current and past sales?

  What would be the impact on each of your stocks

What conclusion can you draw from the stocks' current and historical beta? If the stock market went up 10% today, what would be the impact on each of your stock

  How much purchase returns and allowances were recorded

Angeles Co. purchased goods amounting to P1,717,000 on February 1, 2020. How much Purchase returns and allowances were recorded

  What type of account is treasury stock what is its normal

what type of account is treasury stock? what is its normal balance? where is it reported in the financial statements?

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