User Account

All Pages

How much depreciation will they recognize for year

Assignment Help Accounting Basics
Reference no: EM132616502

Question - CVN corp. has a car they have used for two years for their supervisor to drive. They paid $32,000 for the car with the plan of driving it for 8 years and then donating it to charity (that is, scrapping it with no expected salvage value). However, at the beginning of the third year the supervisor has told them she hates the car and it makes her back hurt. They have asked her to drive it for one more year, they will sell it. They expect to be able to sell it for $15,000. How much depreciation will they recognize for year 3?

Reference no: EM132616502

Questions Cloud

Which statement regard common size balance sheet incorrect : Which statements regarding common size balance sheets is incorrect? Analysis involves converting numbers into absolute terms.
Changing role of global human capital managers : Now that the change management plan has been completed, describe AGC's new leadership styles and organizational culture.
What is net income under absorption costing : Assume the fixed overhead per unit was $2.15 for both the beginning and ending inventory. What is net income under absorption costing
Which the popularity of options can be explained by : Which the popularity of options can be explained by? to expand the set of possible investment alternatives available./ the amount of leverage they provide.
How much depreciation will they recognize for year : CVN corp. has a car they have used for two years for their supervisor to drive. How much depreciation will they recognize for year 3
Analysis of the industry and competitors : You enter your project team meeting with Mike and Tiffany to hear them discussing tools that they found to conduct an analysis of the industry and competitors
Describe architectural vpn design for small businesses : Describe architectural VPN design for small, medium and large businesses and corporations - write a report about the processes and the security technologies
What is the firm ebit for wireless headphones : Operating expenses totalling $199,000, cost of sales equal to $120,000, interest costs of $48,000, and faces a 35% tax rate. What is the firm's EBIT?
How much goodwill would CVN place on their books : The fair value of the assets was $180,000. How much (if any) goodwill would CVN place on their books for this transaction

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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