On this date the company concludes that the equipment has a

Reference no: EM13451573

On January 1, 2012, the Eugene Company ledger shows Equipment $36,000 and Accumulated Depreciation $13,600. The depreciation resulted from using the straight-line method with a useful life of 10 years and a salvage value of $2,000. On this date, the company concludes that the equipment has a remaining useful life of only 2 years with the same salvage value.

Compute the revised annual depreciation.

Reference no: EM13451573

Questions Cloud

Compute 1 uncollectible accounts expense and 2 the ending : the general ledger account for accounts receivable shows a debit balance of 40000. the allowance for uncollectible

Creating a differentiator is important in allowing the : the way a product is postioned also helps with the overall advertising strategy. creating a differentiator is important

What are the two types of networks that are specific to the : what are the two types of networks that are specific to the user? how are these types of networking advantageous for

Michaels company segments its income statement into its : michaels company segments its income statement into its east and west divisions. the companys overall sales

On this date the company concludes that the equipment has a : on january 1 2012 the eugene company ledger shows equipment 36000 and accumulated depreciation 13600. the depreciation

Explain the interventions that may need to take place in : wide horizons travel agency inc. has recently acquired vista travel llc as part of a multimillion dollar expansion

Describe how the circular flow diagram relates to current : explain how the circular flow diagram relates to the current economic situation. using the circular flow diagram

Examine how law of demand applies to recent purchase which : analyze how the law of demand applies to a recent purchase that you made. describe how the product has changed in price

What is the nature of an opportunity : what is the nature of an opportunity cost?it is always variable.it is a potential benefit.it is included as part of

Reviews

Write a Review

Required(*) Message

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

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

User Account

All Pages