Determine the revised annual depreciation expense

Assignment Help Financial Accounting

Reference no: EM13938803

REVISION OF DEPRECIATION

On January 1, 2007, Blizzards-R-Us purchased a snow-blowing machine for $85,000. The machine was expected to have a residual value of $5,000 at the end of its five-year useful life. On January 1, 2009, Blizzards-R-Us concluded that the machine would have a remaining useful life of six years with a residual value of $800.

Required:

Determine the revised annual depreciation expense for 2009.

Reference no: EM13938803

Questions Cloud

Recommending an overseas market : You are required to develop a report proposing a new overseas market which an organisation should enter or alternatively an existing overseas market where significant expansion should be implemented.

Prepare depreciation schedule using sum-of-the-year method : The price of a laser printer purchased by Paul's Printers and Office Supplies was $713. It cost $27 for delivery. The salvage value at the end of a 5-year life is $65. Prepare a depreciation schedule using the sum-of-the-year's method, and then enter..

New york via commercial airplane : The following U.S. border entry points: New York via commercial airplane Detroit via commercial transport truck highway Vancouver to Seattle via intercity passenger train

Improve processes and activities in organisation : What motivates you to succeed at your work? How do you define a productive day? What things do you consider important in motivating and involving people in organisational change? What steps would you use in managing people to improve processes and..

Determine the revised annual depreciation expense : On January 1, 2007, Blizzards-R-Us purchased a snow-blowing machine for $85,000. Determine the revised annual depreciation expense for 2009.

Distinguish between the five different leukocytes : Identify the arterial and venous circulatory changes that occur in the fetal circulation. Distinguish between the five different leukocytes and describe their roles in protection of the body.

So far our discussion and focus has been on business : So far our discussion and focus has been on business combinations where 100% of another company has been acquired.

Explain 2 dimensional arrays in detail : The data collected is each day's service calls that come in are recorded in a file named SericeCalls.dat.

What is your overall evaluation of the proposed services : Write a paper that documents your transition pathways experience. Include the following in your paper: Are the recommended assessments available? Summary: what is your overall evaluation of the proposed services

User Account

All Pages