Find out the rate of depreciation under straight line method

Assignment Help Accounting Basics
Reference no: EM133184454

Question - A company purchased a plant for Rs. 50,000. The useful life of the plant is 10 years and residual price is Rs. 10,000. Find out the rate of depreciation under straight line method.

Reference no: EM133184454

Questions Cloud

Which of the amount will be set as transfer price : Avon top management asks the Pedal division to transfer 10,000 Pedals to another division within the company. Which of the amount will be set as transfer price
Tough madder video transcript : I think Tough Mudder is pretty special pretty unique there have been a lot of copycat events that have grown up over the last four years, but we really do have
What personal jurisdiction and subject matter jurisdiction : Explain what personal jurisdiction and subject matter jurisdiction mean and how these terms are relevant to one who does business in different states.
Determine the negative-sum power relation : Give examples from the last month or so where you participated in a positive-sum, a zero-sum, and a negative-sum power relation. Describe what motivated you to
Find out the rate of depreciation under straight line method : The useful life of the plant is 10 years and residual price is Rs. 10,000. Find out the rate of depreciation under straight line method
Determine the amount of discount : Question 1:?A 37.5% discount on a video recorder amounts to $913.50. What is the list price?
Calculate the target profit before taxes : The company's tax rate is 25% and they are planning to have an after-tax income of $60,000. Calculate the target profit before taxes
Calculate the company contribution margin ratio : Question - Blue Company sells a product for $250 each and the variable cost is $180 per unit. Calculate the company contribution margin ratio
Design furniture to suit the preferences and style : In the short-term, which of these strategies must happen for the store to be able to open and should be the focus of your team's work early on?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute the weighted-average number of common shares

Compute the weighted-average number of common shares used in computing earnings per common share for 2019 on the 2020 comparative income statement

  At what level of production will cwb be indifferent

CWB Corp. sells units for $100 each. Variable costs are $75 per unit, At what level of production will CWB be indifferent between leasing

  Why is the cost of goods sold dollars

Why is the cost of goods sold 180 dollars if you don't include the discount? Can you show the calculations and provide further examples?

  The medview brochure said only 45 scans per month to cover

the medview brochure said only 45 scans per month to cover the monthly equipment rental of 18000. the footnote at the

  What kinds of businesses will most benefit

How does the depreciation tax shield work, and how does it affect capital budgeting decisions? What kinds of businesses will most benefit

  What amount of the note receivable be classified

What amount of the note receivable be classified as current asset in the statement of financial position at December 31, 2019

  Discuss the purpose of hedge accounting

Discuss the purpose of hedge accounting. Explain the three types of hedging relationship identified in AASB 139 'Financial Instrument

  What amount should be reported as rent revenue

Umasa Company reported rental revenue of P2,210,000 in the cash basis income tax return. What amount should be reported as rent revenue

  Compute the projects after-tax cash flow compute and

the following is a simplified project annual income statement for ma amp pa incorporated for each year of an

  What is the correct entry to record as of December

In early 2012, while the 2011 books are still open, what is the correct entry to record as of December 31, 2011

  Selected accounts from the ledger of picasso sports

Selected accounts from the ledger of Picasso Sports for the current fiscal year ended June 30, 2010, are as follows:

  Calculate the total amount of overhead applied to job

Required: Calculate the total amount of overhead applied to Job K369 in both departments. (Do not round intermediate calculations.)

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