Solve deprecation using diminishing value with depreciation

Assignment Help Accounting Basics
Reference no: EM132676089

The company bought the land for 9 million four years ago if the company sells it today it would recive$11.5 million. It has a ten year tax life and the company uses diminishing value method of deprecation at 25% per annum for the plant. at the end of year 6 the plant can be scrapped for $52 million

Problem 1: Solve the deprecation using diminishing value with the depreciation table.

Reference no: EM132676089

Questions Cloud

Compare and contrast leadership and management : Compare and contrast leadership and management. Please provide a source.
Importance in healthcare information system : Explain QDM's importance in healthcare information system using examples you have seen or discussed in this Module's required readings.
What are some of the reasons for violations of code of ethic : What are some of the reasons for violations of code of ethics among accounting professionals? ­­­­­­­­­­­­­­­­­­­­ (give answer with reference to earnings)
Discuss leadership development : Discuss leadership development in terms of the action-observation-reflection model. Please provide sources.
Solve deprecation using diminishing value with depreciation : Solve the deprecation using diminishing value with the depreciation table. The company bought the land for 9 million four years ago
Write a brief history of the topic : The purpose of your Research Paper should be to provide an overview of a course-related topic of your choice. Include a brief history of the topic.
Find what constitutes an ethical pricing strategy : Find what constitutes an ethical pricing strategy? Is it ethical in a capitalistic society for a company to always charge whatever the market will bear?
Decribe the factors that will impact the risk of material : Decribe the factors that will impact the risk of material misstatement at the financial statement and account levels in planning the audit of Eagle.
How did those customers get botulism from potato salad : 1. How did those customers get botulism from potato salad?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the total amount that should be expensed

Patent application and licensing fees 63,500 and Legal fees to obtain patent P429,000. Determine the total amount that should be expensed

  Create comparative retained earnings statements

Create comparative retained earnings statements for Madrasa Inc. for 2019 and 2020. The company had retained earnings of $200,000 at December

  Estimate the predetermined overhead rate for kester

Kester uses normal costing and applies overhead on the basis of direct labor hours. For the month of March, direct labor hours were 7,400.

  Identify the relevant tax issues for Orange Motors

Critical Thinking Harold and Bart own 75% of the stock of Orange Motors. Identify the relevant tax issues for Orange Motors

  The citys financial advisors believe that it will be able

metro city needs 200000000 to build a light-rail system. the citys financial advisors believe that it will be able to

  Write the debit or credit amount in each t account

Analyzing revenue, expense, and withdrawal transactions into debit and credit parts T accounts are given in the Working Papers.

  Determining the alternative payment options

Kathy Clark owns a small company that makes ice machines for restaurants and food-service facilities. Kathy knows a great deal about producing ice machines but is less familiar with the best terms to extend to her customers. One customer is openin..

  Separate departments for warehousing and shipping

1. Why do firms have separate departments for warehousing and shipping? What about warehousing and inventory control? Doesn't this just create more paperwork?

  How many shares of beck common stock were outstanding

Beck Corp. issued 200,000 shares of common stock when it began operations in year 1 and issued an additional 100,000 shares in year 2.

  Under a divorce agreementjoan is required to pay her

a. under a divorce agreementjoan is required to pay her ex-husband bill 700 a month untiltheir daughter is 18

  How much inventory should sapco purchase in january

Sapco (a retailer) has the following sales forecast: January: $500,000, How much inventory (in cost, not units) should Sapco purchase in January

  Warren ltd has two production departments building a and

warren ltd. has two production departments building a and building b and two service departments maintenance and

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