Maserati corporation purchased a new machine for its

Assignment Help Accounting Basics

Reference no: EM13602998

Maserati Corporation purchased a new machine for its assembly process on August 1, 2010. The cost of this machine was $150,000. The company estimated that the machine would have a salvage value of $24,000 at the end of its service life. Its life is estimated at 5 years and its working hours are estimated at 21,000 hours. Year-end is December 31. Compute the depreciation expense using the Sum-of-the-years-digits method for 2011.

Reference no: EM13602998

Questions Cloud

The office supplies account started the year with a 3025 : the office supplies account started the year with a 3025 balance. during 2011 the company purchased supplies for 12493

Company has 6000 units in beginning work in process 30 : company has 6000 units in beginning work in process 30 complete as to conversion costs 60000 units transferred out to

Calculate the work done by on the particle as it moves : force acting on a particle moving in the xy plane is given by 2yi x2 j where is in newtons and x and y are in

Carly riccardi and her mother nancy own and operate : carly riccardi and her mother nancy own and operate freezetime inc. a company specializing in freeze-drying flowers

Maserati corporation purchased a new machine for its : maserati corporation purchased a new machine for its assembly process on august 1 2010. the cost of this machine was

The rope and pulley have negligible mass and the pulley is : the rope and pulley have negligible mass and the pulley is frictionless. the coefficient of kinetic friction between

Meir zarcus and ross are partners and share income and loss : meir zarcus and ross are partners and share income and loss in a 145 ratio. the partnerships capital balances are as

The load to be applied to the chain is 9000 lbs plot the : suppose because of random variations introduced during fabrication the links of a chain have a random strength whereby

Time inc obtains 100 percent of second companys common : time inc. obtains 100 percent of second companys common stock on january 1 2010 by issuing 9000 shares of 10 par value

User Account

All Pages