User Account

All Pages

What amount should be recorded as depreciation

Assignment Help Accounting Basics
Reference no: EM133071218

Question - On September 20, 20x4 Pasado Co. purchased machinery for $7,600,000. 1 point Residual value was estimated to be P400,000. The machinery is depreciated over eight years using sum of the years' digits method. Depreciation is computed on the basis of the nearest full month. What amount should be recorded as depreciation for 20x5?

Reference no: EM133071218

Questions Cloud

What should his parents do to change his eating habits : Tommy is five years old, and he is a picky eater. He prefers chicken tenders, soda, and cookies, and occasionally he will eat fruit because it is sweet.
Current innovations in reference to digital health : What are some current innovations in reference to digital health? Discuss how globalization affects telemedicine ?
Determine the due date of the note : Autumn Designs & Decorators issued a 120-day, 4% note for $76,800, dated April 13 to Zebra Furniture Company on account. Determine the due date of the note
What is the value of the stock : If its cost of capital is 7% and the dividend is expected to grow at 2% per year, what is the value of the stock
What amount should be recorded as depreciation : Depreciation is computed on the basis of the nearest full month. What amount should be recorded as depreciation for 20x5
Discuss how CHE time horizon affects its risk tolerance : Fund Management - The Central Hospital (CH) has an operating budget of $55 million. Discuss how CHE's time horizon affects its risk tolerance
Journalize the sales and recognition of expense : On March 4, Micro Sales makes $11,600 in sales on bank credit cards that charge a 2% service charge. Journalize the sales and recognition of expense
How b2b and b2c are used in health care : How B2B and B2C are used in health care.
Discuss how prevalent the behavior is in the country : Analyze how the risk behavior is being addressed in other communities. Discuss how prevalent the behavior is in the country.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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