Kansas enterprises purchased equipment for 79500 on january

Assignment Help Accounting Basics
Reference no: EM13572990

Kansas Enterprises purchased equipment for $79,500 on January 1, 2012. The equipment is expected to have a five-year life, with a residual value of $7,650 at the end of five years.Using the straight-line method, depreciation expense for 2013 and the book value at December 31, 2013 would be?

Reference no: EM13572990

Questions Cloud

Ozark outdoors is a manufacturer of outdoor items the : ozark outdoors is a manufacturer of outdoor items. the company is considering the possibility of offering a new
Schager company purchased a computer system on january 1 : schager company purchased a computer system on january 1 2012 at a cost of 26000. the estimated useful life is 8 years
If a firm expects to have additional financial : if a firm expects to have additional financial requirements in the future would you recommend that it use convertibles
Salud company reports net income of 400000 for the year : salud company reports net income of 400000 for the year ended december 31 2013. it also reports 80000 depreciation
Kansas enterprises purchased equipment for 79500 on january : kansas enterprises purchased equipment for 79500 on january 1 2012. the equipment is expected to have a five-year life
Distinguish between operating mergers and financial : distinguish between operating mergers and financial
Information from the chatham company is given below in 000s : information from the chatham company is given below in 000s for this period sales
Strawberry fields purchased a tractor at a cost of 48000 : strawberry fields purchased a tractor at a cost of 48000 and sold it two years later for 23000. strawberry fields
Find a newspaper magazine or internet article that : economy internet assignment1.find a newspaper magazine or internet article that illustrates how countries are

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