User Account

All Pages

Populate the depreciation tables

Assignment Help Accounting Basics
Reference no: EM133170150

Question - A machine costing $600,000 with a four year life and an estimated salvage value of $40,000 is installed in Porter Company's factory on January 1. The factory manager estimates the machine will produce 500,000 units of product during its life. It actually produces the following units:

Year 1 - 240,000 units;

Year 2 - 125,000 units;

Year 3 - 120,000 units and

Year 4 - 25,000 units.

The total number of units produced by the end of Year 4 exceeds the original estimate - the difference was not predicted - the machine cannot be deprecated below its salvage value. Populate the depreciation tables (Lab 2 Solution Tab) based on (A) Straight Line Method; (B) Units of Production Method; (C) Double Declining Balance Method.

Reference no: EM133170150

Questions Cloud

Train a model to predict traffic speed : Identify if the change in the speed is correlated to traffic signal/stop sign/speed limit/ covid lockdown - Train a baseline model of your choice
Idea of upgrading the technology : You were recently hired to be the assistant manager at True Springs Bakery, a provider of 100 percent organic baked goods. You oversee making the schedule, ord
Compute the value-added ratio for both old and new process : In a effort to improve the lead time, the company has tried reducing the batch size to 10 units. Compute the value-added ratio for both the old and new process
Transmission that uses a non-return to zero : Assume a 100 Mbps transmission that uses a Non-return to Zero (NRZ) bipolar signaling technique, with a +5 voltage indicating a 1, and a -5 voltage indicating a
Populate the depreciation tables : The total number of units produced by the end of Year 4 exceeds the original estimate - the difference was not predicted - Populate the depreciation tables
Understanding strategic forces : This exercise is designed to help you understand the role of leaders in managing the six strategic forces of environment, strategy, culture, structure, technolo
Journalize the first interest payment : On the first day of the fiscal year, a company issues a $3,900,000, Journalize the first interest payment and the amortization of the related bond discount
Global ethical business models : Explore the internet and look at three global companies you admire. After you research these companies, please describe the mission, vision, and effectiveness o
What is the power that he is exerting and how : What is the power that he is exerting and how? What are the challenges that he is facing within this organisation with regards the execution of this power

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