User Account

All Pages

Determine the units-of-activity depreciation for the year

Assignment Help Accounting Basics
Reference no: EM132350871

Question - Units-of-activity depreciation

A truck acquired at a cost of $69,000 has an estimated residual value of $12,000, has an estimated useful life of 300,000 miles, and was driven 77,000 miles during the year. Determine the following. If required, round your answer for the depreciation rate to 2 decimal places.

(a) The depreciable cost $____?

(b) The depreciation rate $ ____per mile?

(c) The units-of-activity depreciation for the year $_____?

Reference no: EM132350871

Questions Cloud

How active participation promotes independence in the tasks : Support independence in the tasks of daily living-T/601/8637-How active participation promotes independence in the tasks of daily living.
Determine the double-declining-balance rate : A building acquired at the beginning of the year at a cost of $1,375,000. Determine the double-declining-balance rate
Clinical supervisor mandates that you get additional counsel : Your clinical supervisor mandates that you get additional counselor training on a technique in which you have already be trained Is this ethical? Explain
Cooperate fully with an investigation from an ethics : You cooperate fully with an investigation from an ethics committee. Are you behaving ethically? Explain
Determine the units-of-activity depreciation for the year : A truck acquired at a cost of $69,000 has an estimated residual value of $12,000, Determine the units-of-activity depreciation for the year
Describe the benefits of different activities for learning : Support participation in learning and development activities-Y/601/8632-Describe the benefits of different activities for learning or development.
What other considerations might a manager at chevron : What other considerations might a manager at Chevron have to account for while planning production in such a complex environment
Determine project implementation success : Identify which methodologies and strategies you will implement to meet your goals. Provide rationalefor why you did not select some of the other methodologies
Explain how moviesplus would account for its revenue : Explain how MoviesPlus would account for its revenue if it did follow GAAP. Should MoviesPlus use GAAP? Explain

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare a contribution format income statement for the year

Caltec, Inc., produces and sells recordable CD and DVD packs. Prepare a contribution format income statement for the year segmented by product lines

  Calculate the amount of interest expense

Calculate the amount of interest expense related to this loan reported in Franklin Co.'s 2018 income statement

  Analyze the case in terms of the fraud triangle

Required: Write a short summary and analysis of the case. Specifically, analyze the case in terms of the fraud triangle

  Explain the difference between an open system and a closed

explain the difference between an open system and a closed system. can you give an example of a closed system? how is

  Prepare the entry for the prior period adjustment

Prepare the entry for the prior period adjustment. Prepare the retained earnings statement for 2019. Journalize the transactions for Gypsy Corporation.

  Discuss any positive and negative trends

Explain in 1,050 words how Walmart compares to the industry averages in terms of financial profitability, liquidity and solvency.

  Calculate the credit given for the partial payment

Question - For the following transactions, calculate the credit given for the partial payment and the net amount due on the invoice

  Analog computers needs to borrow 785000 from the midland

analog computers needs to borrow 785000 from the midland bank. the bank requires a 13 compensating balance. how much

  Discuss the payroll for the week ended december

The following information about the payroll for the week ended December 30 was obtained from the records of Saine Co

  Identify alternate methods of disposing of the bond premium

(Journal entries regarding a bond issue and accounting for a premium) Archambault Township authorized a bond issue for a parking garage wish an estimated cost.

  Prepare a partial balance sheet for santana at december 31

on december 31 2014 santana company has 7194600 of short-term debt in the form of notes payable to golden state bank

  What exchange rate should have been used in translating

Darron's functional currency was the stickle (§). What exchange rate should have been used in translating Darron's revenues and expenses for 2018

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd