Reference no: EM132682273
Problem - Compare Three Depreciation Methods
Plum Coatings Company purchased waterproofing equipment on January 2, 2011, for $450,000. The equipment was expected to have a useful life of four years, or 10,000 operating hours, and a residual value of $50,000. The equipment was used for 3,000 hours during 2011, 4,000 hours in 2012, 2,500 hours in 2013, and 500 hours in 2014.
Instructions -
1. Determine the amount of depreciation expense for the years ended December 31, 2011, 2012, 2013, and 2014, by
(a) the straight-line method. Also determine the total depreciation expense for the four years by each method. The following columnar headings are suggested for recording the depreciation expense amounts.
(b) the units-of-production method. Also determine the total depreciation expense for the four years by each method. The following columnar headings are suggested for recording the depreciation expense amounts.
(c) the double-declining-balance method. Also determine the total depreciation expense for the four years by each method. The following columnar headings are suggested for recording the depreciation expense amounts.
2. What method yields the highest depreciation expense for 2011?
3. What method yields the most depreciation over the four-year life of the equipment?
|
Describe barack obama
: Describe Barack Obama. Summarize the leadership theory you think best describes Barack Obama.
|
|
Examining the prospects for the future
: According to strategic management model what are the major factors that must be evaluated in examining the prospects for the future? In what order should these
|
|
Describe the specific circumstances and series of events
: Describe the specific circumstances and series of events that allowed a single propagule to not only establish itself,
|
|
Summarize the leadership theory
: Describe two specific leadership skills, two specific leadership behaviors and two specific leadership traits of this leader.
|
|
Problem - Compare Three Depreciation Methods
: Problem - Compare Three Depreciation Methods - What method yields the most depreciation over the four-year life of the equipment
|
|
Discuss the case of edward snowden
: With a friend, fellow worker or family member, discuss the case of Edward Snowden, a computer specialist who had worked for the CIA but who came to believe.
|
|
Human papilloma virus
: HUMAN PAPILLOMA VIRUS. Briefly describe the disease and what the virus does. You need to describe how the virus replicates inside cells.
|
|
MBS603 Data, Metrics, Reporting and Analytics Assignment
: MBS603 Data, Metrics, Reporting and Analytics Assignment Help and Solution, Murdoch University - Assessment Writing Service
|
|
Problem - Amortization and Depletion Entries
: Problem - Amortization and Depletion Entries - Journalize the adjusting entries required to record the amortization, depletion, or impairment for each item
|