User Account

All Pages

Find the depreciable amount

Assignment Help Financial Accounting
Reference no: EM132554675

Financial year ended 31 December

Cost of the machine on 30 September 2016 R200 000

Residual value R25000

Total useful life 5 years

Pattern of benefits straight line

Question 1: The depreciable amount, the depreciation for 2016 and carrying amount at the end of 2017

Reference no: EM132554675

Questions Cloud

Explaining the financial implications of the various offers : Report explaining the financial implications of the various offers and advise them which club the player should sign for based on financial grounds.
How your assumptions changed an what you will do : Before you build anything, you must test your assumptions. The assignment for this week is to test the assumptions for your product design and launch.
What will be the operating cash flows in each year : The asset acquired has a cost of $500.000 and the company applies straight-line depreciation (20%) method. What will be the operating cash flows in each year
Sound reasoning and hypothesis testing : However, the development and launch of your plan must be based upon sound reasoning and hypothesis testing.
Find the depreciable amount : Find The depreciable amount, the depreciation for 2016 and carrying amount at the end of 2017. Financial year ended 31 December
What would be the monthly payments on the mortgage : What would be the monthly payments on the mortgage if you took out a 15-year mortgage with a current interest rate of 3.25%?
Provide an argument in support of the accounting requirement : Provide an argument in support of the accounting requirement that research is to be written off as incurred. Do you think this requirement is overly
Suppose instead that the exchange rate was fixed : Suppose instead that the exchange rate was fixed. Show how this would directly affect the IS-LM-FX ?
Analyze the purpose of inventory management : Analyze the purpose of inventory management as it applies to operations management,

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare the journal entry to record depreciation expense

Prepare the journal entry to record depreciation expense for 2013.The fair value of the equipment at December 31, 2013, is $5,100. Prepare the journal entry (if any) necessary to record this increase in fair value

  Compute the amount of ending inventory the shirt shop

Compute the amount of ending inventory The Shirt Shop would report on the balance sheet, assuming the following cost flow assumptions FIFO

  Discuss a review for contingent liabilities

Discuss a review for contingent liabilities, letters from the client's lawyers and post-balance-sheet review for subsequent events.

  Should breakfasttimes management decide to process crummies

Should Breakfasttimes management decide to process Crummies into the mulch and suppose the company does process Crummies into the mulch. Use the net-realizable-value method to allocate the joint production cost between the mulch and the Yummies.

  Textbook financial and managerial accounting the basis for

textbook financial and managerial accounting the basis for business decisions 15th ed. by williamsanswer exercise

  Explain what can happen if a share issue is underwritten

Explain what can happen if a share issue is underwritten and the effect that underwriting can have on achieving a minimum subscription

  Cash sales and credit sales

Cash sales and credit sales represent 25% and 75% respectively of total sales. Of the credit sales, 60% is collected in the first month after the month of sales and 40% in the second month after the month of sale.

  Prepare companys income statement in contribution format

Company has just completed its first year of operations. The company's accountant has prepared an absorption costing income statement for the year as seen below: Prepare the company's income statement in the contribution format.

  Evaluate the company''s total cost of merchandise

Evaluate the company's total cost of merchandise purchased for the year and prepare a multiple-step income statement that includes separate categories for selling expenses and for general and administrative expenses.

  Explain concept of control according to financial reporting

A Ltd, B Ltd and C Ltd owned 60%, 20% and 20%, respectively, of the voting shares of X Ltd. There were ten members on the board of directors of X Ltd. A shareholder with 10% shareholding is allowed to appoint one board director in X Ltd. Explain the ..

  Decided to transfer an amount from his checking account

On January 1, 2014, Alan King decided to transfer an amount from his checking account into a savings account so that he will have $95,000 to send his son to college 6 years from now. The savings account will earn 8 percent interest. How much must Ala..

  Find out interest and to amortize debt issue costs

The corporation uses the straight-line method both to find out interest and to amortize debt issue costs. Prepare the journal entry to record the call of the bonds.

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