Digits depreciation method

Reference no: EM13280796

Zenith Corporation bought a machine on January 1, 2014. In purchasing the machine, the company paid $40,000 cash and signed an interest-bearing note for $105,000. The estimated useful life of the machine is five years, after which time the salvage value is expected to be $10,000. Given this information, how much depreciation expense would be recorded for the year ending December 31, 2015, if the company uses the sum-of-the-years'-digits depreciation method?

Reference no: EM13280796

Questions Cloud

Describe the value of mediation : describe the steps/actions that employers can take to avoid union and to achieve strong and lasting positive employee relations. describe the avenues available to employees who seek redress for harmful/discriminatory acts in the workplace. describe t..

Violate the provisions of the national labor relations act : our company, Fruit Corners, Inc., has recently become aware that the United Food and Commercial Workers Union is attempting to convince employees in your plant to sign authorization cards. Management is somewhat surprised by the campaign because empl..

Formal study of project management : Now that you have finished your formal study of project management in this course, when you are assigned projects, determine how you will integrate the major concepts of this course into your project.

Discuss how sales promotion programs : Discuss how sales promotion programs can be integrated with a company%u2019s online strategy and how the Internet can be use as part of a company%u2019s sales promotion efforts.

Digits depreciation method : how much depreciation expense would be recorded for the year ending December 31, 2015, if the company uses the sum-of-the-years'-digits depreciation method?

Organization to create a culture of innovation and change : Identify three conditions that would need to be implemented (or have already been implemented) in your organization to create a culture of innovation and change

Discuss the differences between pre-testing-post- testing : Describe the various forms of direct response advertising. Discuss some of the reasons for the success of direct response advertising. Discuss the differences between pre-testing and post- testing. Give examples of each

Teachings of hebrew wisdom on diligence and laziness : Describe the teachings of Hebrew wisdom on diligence and laziness. How does this correspond with the contrast between wisdom and folly?

Self disclosure is issue with persons who have disabilities : Discuss how self disclosure is an issue with persons who have disabilities. To whom would this best apply? What is needed for this to be done? Why is it valuable?

User Account

All Pages