User Account

All Pages

How much is the depreciation for the year

Assignment Help Accounting Basics
Reference no: EM133147820

Question 1 - On January 1, 2022, Kyle Co. purchased an equipment for P15,435,000. The equipment had been depreciated using the straight-line method with residual value of P945,000 and useful life of 18 years. On January 1, 2024, the entity determined that the remaining useful life is 8 years and the residual value is P1,370,000. What is the depreciation for 2024?

Question 2 - On January 1, 2022, Leo Company purchased a machine for P8,500,000 and depreciated it by the straight line using an estimated life of 14 years with P450,000 salvage value. On January 1, 2024, Leo determined that the machine had a remaining useful life of 8 years with no salvage. An accounting change was made in 2024 to reflect these additional data. How much is the depreciation for the year 2022?

Reference no: EM133147820

Questions Cloud

Dealing with a difficult guest : Write a script between guest and staff about dealing with a difficult guest.
Explain why it is important to seek assistance : 1) In order to select an appropriate digital solution, you are required to collect more information. a. List relevant stakeholders you will need to meet with to
Calculate the net present value of the cashflow : (a) If the manager expects that he will keep the player for 9.5 years until he retires, calculate the net present value of the cashflow, in order to assess whet
What is the airport code of the city they will be travelling : Plan a trip to COPENHAGEN CITY for a middle-class executive (Mike) looking to go on a vacation with his wife (Melissa). The purpose of this research project is
How much is the depreciation for the year : An accounting change was made in 2024 to reflect these additional data. How much is the depreciation for the year 2022
League and tourism management questions : These are League and Tourism Management questions.
Conflict between israel and palestine on juraselm : Why is there a conflict between Israel and Palestine on Juraselm? What is the importance of Jerusalem for both sides?
How much is the depreciation for the year : An accounting change was made in 2024 to reflect these additional data. How much is the depreciation for the year 2022
Why do rapidly growing firms generally pay no dividends : Question - What are the two ways that firms can distribute cash to shareholders? Why do rapidly growing firms generally pay no dividends

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