What depreciation expense to the cargo truck

Assignment Help Accounting Basics
Reference no: EM132771053

Question - Sander Company purchased a cargo truck on July 1,2010 for Php 100,000. It has an estimated Php25,000 residual value on December 3,2017. What depreciation expense to the cargo truck for the year 2010 and 2011?

Reference no: EM132771053

Questions Cloud

Calculate the gain or loss : Calculate the gain or loss if the asset is sold for $22,000 on December? 31, 2019, the last day of the accounting period
Patient centric healthcare practices : You would like to implement a patient-centric health information technology approach within the organization
Analysis in terms of addressing business performance : Based on the scenario, evaluate the significance of a needs analysis in terms of addressing business performance.
Moral relativism utilitarianism : Select one of the ethical frameworks Moral Relativism Utilitarianism Describe the framework, how it works in specific situations
What depreciation expense to the cargo truck : Sander Company purchased a cargo truck on July 1,2010 for Php 100,000. What depreciation expense to the cargo truck for the year 2010 and 2011
Calculate raw material cost for one bottle of new cleaner : Triphate solution $0.42 per quart Sobase granules 0.91 per pound Methage 1.01 per ounce Bottle 0.13 each. Calculate raw material cost for one bottle
Purchases discounts recorded as a credit- true or false : sing the nature of expense method of presenting expenses in the income statement has the advantage of simplicity. TRUE OR FALSE
What are the essential concepts of recruitment : Specifically focus on the 3 essential concepts of recruitment and select any one of the concepts to discuss. After discussing, explain to the management team.
How much is the estimated sales value of the equipment : The company's adjusted trial balance shows accumulated depreciation of P75,000 for the said equipment. How much is the estimated sales value of the equipment

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.

  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!

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