User Account

All Pages

Illustrate the accounting for depreciation

Assignment Help Accounting Basics
Reference no: EM132719032

Question - HH Gym Ltd purchased exercise equipment at a cost of $107,000 at the start of Y1. In addition, HH Gym Ltd paid $1900 for a unique raised platform to stabilise the equipment for users' use. Transportation costs of $1100 were incurred by HH Gym Ltd to ship the equipment to its gym location. HH Gym Ltd uses a double declining depreciation method based on an expected useful life of 10 years. The estimated residual value of the equipment is $11000. Illustrate the accounting for depreciation using the DDM by computing the depreciation expense in the second year?

1. None of the listed options

2. $21780

3. $13939

4. $17424

Reference no: EM132719032

Questions Cloud

Compute avoidable interest for Pharoah Company : Compute avoidable interest for Pharoah Company. Use the weighted-average interest rate for interest capitalization purposes
How would modify the personal selling approach : How would modify the personal selling approach based upon the Brazilian target market. Provide an example of the specific changes you would make
Crime in media : Do surveillance systems empower or constrain? Do you feel that with advanced technology that freedoms are secured or curtailed? Or is it a mix of both?
Under increased and considerable scrutiny : What accounts for the enduring popularity of such programming, particularly at a time when police seem to be under increased and considerable scrutiny?
Illustrate the accounting for depreciation : Illustrate the accounting for depreciation using the DDM by computing the depreciation expense in the second year
Police despite wide distribution on social media : The ability of visual evidence to bring about substantial reform in the conduct and character of police despite wide distribution on social media.
Despite their popularity and some of the common myths : Why have prison movies, despite their popularity and some of the common myths associated with them, failed to inform penal reform agendas?
Define benefits of integrated marketing communication : Should a company be on ALL four of the major outlets and others? Why? There are four "major" social media networks and yet hundreds of different social media
How a service culture can be created within a business : Describe how a service culture can be created within a business. Determine if your business should use product-oriented or customer-oriented marketing

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