Solution-Double declining balance, 1.On October 1, 2013,

Double declining balance

Reference no: EM13881814

1.On October 1, 2013, the Allegheny Corporation purchased machinery for $115,000. The estimated service life of the machinery is 10 years and the estimated residual value is $5,000. The machine is expected to produce 220,000 units during its life.

Required:
Calculate depreciation for 2013 and 2014 using each of the following methods. Partial year depreciation is calculated based on the number of months the asset is in service. Round all computations to the nearest dollar.
1. Straight line.
2. Sum of the years digits.
3. Double declining balance.
4. One hundred fifty percent declining balance.
5. Units of production (units produced in 2013, 10,000; units produced in 2014, 25,000).

Reference no: EM13881814

Questions Cloud

The book global crises : The book Global Crises, Global Solutions 2nd edition (Bjorn Lomborg) and make an essay of 500-1000 words APA format analyzing which of perspectives 6.1 or 6.2 is best to find the solution towards the chapters theme "Hunger and Malnutrition".

Is it possible to consistently earn above average returns : What rationale suggests that a contra cyclical investment strategy should, on average, outperform the market? Is it possible to consistently earn above average returns by timing security purchases?

Select two types of treatment-related community : Select two types of treatment-related community corrections programs. Briefly describe each corrections program, including its components and the type of crime(s) it addresses. Assess the potential effectiveness of each program.

Write a reflection paper on your act of generosity : Write a reflection paper on your act of generosity that involves a guy that got admitted to a law school but for lack of money ,he wanted to stay home for one year until he can raise his tuition but for your timely intervention by helping him paid t..

Double declining balance : 1.On October 1, 2013, the Allegheny Corporation purchased machinery for $115,000.

What is the overall signi?cance of the regression : Interpret the preceding regression taking into account any prior expec- tations that you may have about the signs of the various coef?cients.

Tell us what your anticipated major/graduate program : Tell us what your anticipated major/graduate program is and why you chose this major/graduate program. If you were given $100 with the stipulation that you must do something beneficial with it for either you or someone or something else, how would y..

Constant pressure of hydrogen cyanide : The heat capacity at constant pressure of hydrogen cyanide is given by the expression Cp[J/(mol ·°C)] = 35.3 + 0.0291T(°C) (a) Write an expression for the heat capacity at constant volume for HCN, assuming ideal gas behavior.

Determine the number of possible i values : Stan-Rite Corp of Manitowoc, Wisconsin, is a B to B company that manufactures many types of industrial products. Determine (a) the number of possible i* values and (b) all rate of return values between 0% and 100%.

User Account

All Pages

Double declining balance

Reference no: EM13881814

Reference no: EM13881814

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT