Separate depreciation schedule

Assignment Help Accounting Basics
Reference no: EM13258549

Rita pita company bought a new dough machine at thebeginning of the yar at ta cost of $7600. the estimated useful lifewas four years and the residual value was $800. assume that theestimated productive life of the machines was 10000 hours. actualannual usage was 3500 hours in year 1. 3200 hours in year 2. 2200hours in year 3. 1100 in years 4.

complete a separeate depreciation schedule for each of the alternative methods. u can round your answers to nearsdollar.

a. stright line
b. units of production
c. double delining balance

method:

year    computation    depreciation expense    accumulation expense    net book value

2. assuming that the machine was used directly in the production of one of the products that the company manufactures and sells, what factors might managment consider in selecting apreferable depreciation method in conformity with the matching principle?

Reference no: EM13258549

Questions Cloud

Statement of cash flows-four classifications : Indicate how each item should be classified in the statement of cash flows using these four major classifications: operating activity (indirect method), investing activity, financing activity, and significant non cash investing and financing activ..
What are strategies you can use to leverage : How can you, as an entrepreneur, garner more resources for your venture in your organization? What are strategies you can use to leverage your resources if you cannot secure more budget expense, capital or headcount?
Briefly describe the four phases : Briefly describe the four phases of clinical testing on humans, then describe why you feel it is important that all four phases are completed before a product is available to the public.
Describe similarities and differences in cascade control : In most situations it is also desirable to send information from the process to be controlled--in this case the 500-gallon tank--to a central station for processing and storage. This information can be transmitted and processed in different ways.
Separate depreciation schedule : complete a separeate depreciation schedule for each of the alternative methods. u can round your answers to nearsdollar.
Determine for plan earnings per share of common stock : Determine for each plan the earnings per share of commonstock, assuming that the income before bond interest and income taxis 20,000.
What social responsibilities do pharmaceutical company have : Do you think pharmaceutical companies are justified in charging such high prices for certain medications or do you believe their high overhead costs (research, employing people, advertising) justifies what they charge?
Determine the constant kt for the motor : Assume that one of the pumps uses a1/4hp DC shunt motor with an input voltage of 115VDC that pulls 1.6A running at 1500 rpm. The filed resistance for the motor is 600 ohms and the armature resistance is 8.5 ohms. Find the constant KT for the motor..
Explain larger hydrogen-bond forces for h2se : The normal boiling point for H2Se is higher than the normal boiling point for H2S . This can be explained by larger dipole-dipole forces, larger dispersion forces, and larger hydrogen-bond forces for H2Se

Reviews

Write a Review

Accounting Basics Questions & Answers

  Earn the minimum wage

With this system it is estimated that 120 cars per hour can be serviced. All workers earn the minimum wage. Use productivity arguments to recommend whether or not to change the current system.

  Prepare a journal entry to account for the payment

Prepare a journal entry to account for the payment to the retiring partner including bonus to or from the remaining partners. Include a narration.

  Factory overhead will be credited

Poobah Manufacturers Inc. has estimated total factory overhead costs of $95,000 and 10,000 direct labor hours for the current fiscal year. If job number 117 incurred 1,600 direct labor hours, the work in process account will be debited and factory..

  What is the project net present value

A project will require an initial investment of $750,000 and will return $200,000 each year for five years. If taxes are ignored and the required rate of return is 9%, what is the project's net present value? Based on this analysis, should the com..

  How much dividend income does speedways have

a. How much dividend income does Speedways have?  b. How much and what kind of taxable income does Speedways have because of the distribution?  c. What is Speedways's basis in its stock immediately after the distribution?

  Construct monthly cash budget for clinic

Construct a monthly cash budget for the clinic for the period January through June 2006. What is the maximum monthly loss (cash shortfall) during the six-month planning period?

  Shift from gaap to ifrs

Over the next few years companies will be shifting away form GAAP to IFRS (International Financial Reporting Standards). GAAP was a rules based approach to accounting where IFRS is a more principals based approach to accounting.

  Beginning the audit report

Apollo Shoes is satisfied with the services your firm offers and wants to continue with the audit. Apollo Shoes would like you to prepare a letter explaining how you plan to begin the audit process.

  What is its policy implication

Identify one of the tax credits. Then, argue whether or not it should be allowed as a credit. Also, answer each of the following questions regarding your selected tax credit.

  Various aspects of the accounting profession

Discuss how these technologies have changed the way accounting is performed at your organization or at an organization of your choosing.

  Retained earnings statement for mcentire corporation

(a) Prepare a 2010 retained earnings statement for McEntire Corporation. (Enter all amounts as positive amounts and subtract where necessary.)

  Taxable income of a corporation

Taxable income of a corporation: a. differs from accounting income due to differences in intraperiod allocation between the two methods of income determination b. differs from accounting income due to differences in interperiod allocation and perma..

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd