The macrs depreciation allowances on 3-year property are

Assignment Help Accounting Basics
Reference no: EM13595830

The MACRS depreciation allowances on 3-year property are 33.33 percent, 44.45 percent, 14.81 percent, and 7.41 percent, respectively. What is the amount of the depreciation in year 2 for 3-year property with an initial cost of $64,000?

Reference no: EM13595830

Questions Cloud

Grey companys work in process inventory account has a : grey companys work in process inventory account has a beginning balance of 40000 and an ending balance of 50000.
Calculate the molecular mass of paba a common sunscreen : calculate the molecular mass of paba a common sunscreen agent. when 8.32g of paba is dissolved in 150.0g of chloroform
A manufacturing company uses a job order costing account : a manufacturing company uses a job order costing account system. overhead is applied using pounds of direct materials
Weldone company applies overhead using machine hours as : weldone company applies overhead using machine hours as the allocation base at a rate of 17 per machine hour. job dk
The macrs depreciation allowances on 3-year property are : the macrs depreciation allowances on 3-year property are 33.33 percent 44.45 percent 14.81 percent and 7.41 percent
Tiana shar the controller for bondi furniture company is in : tiana shar the controller for bondi furniture company is in the process of analyzing the overhead costs for the month
During the current period department a finished and : during the current period department a finished and transferred 50000 units to department b. of the 50000 units 20000
Bradford manufacturing started production this month in : bradford manufacturing started production this month in department a with 7000 units. they currently have 6000 in
The charter of a corporation provides for the issuance of : the charter of a corporation provides for the issuance of 100000 shares of common stock. assume that 45000 shares were

Reviews

Write a Review

Accounting Basics Questions & Answers

  Repaid in equal quarterly installments

Mr. Sullivan is borrowing $2,000,000 to expand his business. The loan will be for ten years at 12% annual interest and will be repaid in equal quarterly installments. How much will each quarterly payment be?

  Show the income tax expense section of the income

Prepare the journal entries to record the income tax expense, deferred income taxes, and the income taxes payable for 2012, 2013, and 2014. No deferred income taxes existed at the beginning of 2012.

  This assignment is to be done alone it is due in class by

this assignment is to be done alone. it is due in class by the posted due date with no exceptions. other than the

  What will be the journal entry to record the formation

B. Tanner contributed $14,000 in cash plus office equipment valued at $7,000 to the TC Partnership. At the same time Chen will invest a building which is worth $90,000 to the partnership. What will be the journal entry to record the formation of t..

  Melchor inc offers a two-year warranty against failure of

melchor inc. offers a two-year warranty against failure of its products. the estimated liability is 2 in the year of

  Determine a petty cash fund list two ways a business would

determine a petty cash fund? list two ways a business would maintain controls over petty cash? list two procedures you

  Determine the amount of cash provided

Old Alabama Company purchased investments for $45,000 and plant assets for $127,000 during the current year, during which it also sold plant assets for $66,000, at a gain of $6,000. The company also purchased treasury stock for $78,000 and sold a ..

  What are the capital balances for messalina, romulus

The capital balance for Messalina is $ 210,000 and for Romulus is $ 140,000. These two partners share profits and losses 60 percent (Messalina) and 40 percent (Romulus).

  An outside supplier has offered to make and sell the part

fillip corporation makes 4000 units of part u13 each year. this part is used in one of the companys products. the

  Franklin taxable income

The following information relates to Franklin Freightways for its first year of operations (data in millions of dollars):

  On march 1 2012 chance company entered into a contract to

on march 1 2012 chance company entered into a contract to build an apartment building. it is estimated that the

  Which is closest to the present value of the project

Upper Darby Park Department is considering a new capital investment. The following information is available on the investment. The cost of the machine will be $150,000.

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