How much cca can the company claim

Assignment Help Accounting Basics
Reference no: EM133098750

Question - A construction company has $240,000 in its UCC account at the beginning of 2010. It buys a machine for $45,000 in January 2010 and sells a machine for $13,000 in December 2011. How much CCA can the company claim for 2011? The declining balance rate for this machine is 17%.

Reference no: EM133098750

Questions Cloud

Execute the reorganization of informational systems : It is now time to execute the reorganization of Informational Systems. Describe how you would implement the following:
How much will sharon earn per week : How much will Sharon earn per week given the information: works 45 hours per week at $14 base rate per hour and overtime for any work over 40 hours per week
Think about a recent example of strike action : Think about a recent example of strike action - do your views suggest a pluralist, unitarist or radical perspective
Describe the key hr functions of the organization : You should use the following functions: compensation and benefits, performance management, health and safety, and employees rights
How much cca can the company claim : A construction company has $240,000 in its UCC account at the beginning of 2010. How much CCA can the company claim for 2011
What is the total committed costs for materials right now : The second is working under a fixed price contract. His quotation includes $35,000 worth of materials. What is the total committed costs for materials right now
Prepare the journal entry for marathon company purchase : Prepare the journal entry for Marathon Company's purchase of the net assets of Schreiber Corporation on March 31, 2021
Department in health care organization : Imagine that you manage a department in a health care organization of your choosing.
Calculate over or under billings for a company : Calculate over or under billings for a company with the following information: Job Name: Beatty Street Condos Current Contract Amount: $736,000

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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