User Account

All Pages

How much is the depreciation for tonyo company

Assignment Help Accounting Basics
Reference no: EM132718705

Tonyo Company uses the composite method of depreciation and has a composite rate of 25%. During 20x1, it sold assets with an original cost of ?100,000 (residual value of ?20,000) for ?80,000 and acquired ?60,000 worth of new assets (residual value of ?10,000).

The original group of assets had the following characteristics:

Total Cost ?250,000

Total Residual Value 30,000

Problem 1: The above original group includes the assets sold in 20x8 but not the assets purchased in 20x8. How much is the depreciation in 20x8?

a. ?62,500

b. ?52,500

c. ?47,500

d. ?46,500

Reference no: EM132718705

Questions Cloud

What people currently doing to achieve security objectives : What are people currently doing to achieve security objectives? Where do those security objectives originate? Who are the people who are engaged in security.
Which of internal controls will effective in reducing risk : Which of the internal controls will be most effective in reducing the risk of error arising from paying suppliers twice for the same purchase?
What presentation adjustments affects how data is displayed : Kirk (2016) tells us that data adjustments affects what data is displayed and presentation adjustments affects how the data is displayed.
Failings of the ebola outbreak in west africa : How do the failings of the Ebola outbreak in west Africa compare to the response of the U.S. to Covid-19 (SAR CoV-2)?
How much is the depreciation for tonyo company : The above original group includes the assets sold in 20x8 but not the assets purchased in 20x8. How much is the depreciation in 20x8?
Address the historical progression of the fire : Address the historical progression of the fire problem in the United States.
Influence of big data and algorithms : Consider the influence of big data and algorithms on the future of leadership in diverse organizations.
Find how much is the carrying amount of the equipment : Enter Sandman Co. purchased manufacturing equipment from Sad But True Co. How much is the carrying amount of the equipment on December 31, 2009?
Write brief description of why you chose law and its ranking : Using a Microsoft Word document, please list in order of your preference the five top areas in which you think computer-based laws should be passed.

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