Discuss which depreciation method makes more sense

Assignment Help Financial Accounting
Reference no: EM133265005

Liam is struggling to determine which deprecation method he should use for his new silk-screening machine. He expects sales to increase over the next five years. He also expects (hopes) that in two years he will need to buy a second silk-screening machine to keep up with the demand for products of his growing company. Discuss which depreciation method makes more sense for Liam:

Higher expenses in the first few years, or keeping expenses consistent over time?
Or would it be better for him to not think in terms of time, but rather in the usage of the machine?
Please explain your choice.

Reply to your peers and provide feedback on their choice.

Your Discussion should be a minimum of 250 words in length and not more than 450 words. Please include a word count. Following the APA standard, use references and in-text citations for the textbook and any other sources.

Reference no: EM133265005

Questions Cloud

Determine the original cost of the bridge : Determine the original cost of the bridge and annual depreciation charges - eliminated according to the construction progress, there is a temporary income
What are amazon major strengths : Business Discussion What are Amazon's major strengths? Does it have any weaknesses? Please explain. Is Jet.com a potential concern for Amazon? Why or why not
What amount should be reported as accrued interest payable : what amount should be reported as accrued interest payable? 2. What is the interest expense that should be recorded by YXZ Company for the year 2019
Major social justice issues in india currently : What are some major social justice issues in India currently? And what are some relevant environmental justice issues related. what are potential advocacy area
Discuss which depreciation method makes more sense : BUS 1102 University of the People Discuss which depreciation method makes more sense for Liam: Higher expenses in the first few years, or keeping expenses
Process of the social construction of reality : Provide an example of what Orr means by "institutional context" when defining race categories in the U.S.? Be sure to identify the social institution you are us
What is the wacc for sutter corporation : The corporation faces a tax rate of 30%, with interest being a deductible expense on the corporate income tax return. What is the WACC for Sutter Corporation
How should the maryland court rule on tylers motion : Harrison, an accountant from Maryland, was involved in a bar fight in Virginia with Tyler, a student from Delaware.
What are concern regarding international competition laws : What are the three (3) areas of concern regarding international competition laws? Be specific and provide an example for each.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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