Prepare fixed assets schedule if depreciation is charged

Reference no: EM13259319

A company has opening balance of $ 10, 00,000 in its fixed asstsaccount. Accumulated depreciation was $6, 00,000. There was anaddition of fixed assets of $5, 00,000 at the beginning of year while there was no sale of fixed asset. Prepare fixed assets schedule if the depreciation is charged for the year @15% onoriginal cost.

Reference no: EM13259319

Questions Cloud

Find the escape speed from the surface : A small, spherical asteroid has radius 4.00km and density 4760kg/m3. What's the escape speed from the surface

Determine the maximum and minimum inductor currents : A flyback converter is to be designed to provide 10V at 18A from a smooth 200V source. Isolation between the input and output is required. The switching frequency is 200kHz and the duty cycle is 0.4.

What legal test should the federal district court : The prison policy will be upheld if there is any conceivable basis on which the classification might relate to a legitimate governmental interest.

Case study of micro chip corporation : Micro Chip Corporation (MCC) has a special PO Box for customer payment. Jane is responsible for: going to the post office every day, emptying the post office box, opening the mail, making a prelist, sending the remittance advices to accounts recei..

Prepare fixed assets schedule if depreciation is charged : The beginning of year while there was no sale of fixed asset. Prepare fixed assets schedule if the depreciation is charged for the year @15% onoriginal cost.

Explain the average ph of normal arterial blood : The average pH of normal arterial blood is 7.40. At normal body temperature (37C), Kw = 2.4 * 10^-14.

When the exchange rate falls by more in the short run : When the exchange rate falls by more in the short run than it does in the long run when the money supply increases, it is called.

Determine the amount of free gas in the reservoir : An oil reservoir initially contains 4 MMSTB of oil at its bubble point pressure of 3150 psia with 600 SCF/STB of gas in solution. When the average reservoir pressure has dropped to 2900 psia, the gas in solution is 550 SCF/STB.

Explain the equilibrium lies to the left or to the right : Predict the products of the following acid-base reactions, and predict whether the equilibrium lies to the left or to the right of the equation.

User Account

All Pages