What depreciation would be charged in the first year

Assignment Help Accounting Basics
Reference no: EM133098460

Question - Blan Ltd has recently acquired a machine that cost $29 000. The machine is expected to be used for 8 years. The machine has the capacity to produce 27 000 units over an 8 year life. Its salvage value after 8 years is expected to be $1000. What depreciation would be charged in the first year of the machine's operation when 1000 units were produced (rounded to the nearest dollar)?

Reference no: EM133098460

Questions Cloud

What is the monthly payment to the dealer : You are considering buying a new guitar worth $10,000. The dealer offers you a financing package. What is the monthly payment to the dealer
Comparing ratio to industry average important : How does this company's ratio compare to those of its competitors? Why is comparing this ratio to the industry average important?
Calculates and outputs the points for each round : Design, develop, test and evaluate a program and Calculates and outputs the points for each round and each player's total score
Policy change while using approval processes : Explain how you would advocate for your policy change while using the approval processes in your organization.
What depreciation would be charged in the first year : Blan Ltd has recently acquired machine that cost $29,000. What depreciation would charged in first year of the machine's operation when 1000 units were produced
Practices earned value management : Address the personnel establishment that practices earned value management (EVM).
What is the ytm of the bond : The bond pays interest annually. Yesterday this bond traded for $102 per $100 of par value. What is the YTM of the bond
Our textbook say about debits and credits : What does our textbook say about debits and credits? What does the term ‘normal balance' mean?
Impact of language on critical thinking and decision making : Explain the impact of language on critical thinking and decision making.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare statement of cash flows for the year ended december

Cash dividends of $61,300 were paid. Prepare a statement of cash flows for the year ended December 31, 2017, using the indirect method

  Make a general journal entries to record the transactions

Account receivable - Charlie Power, owing $300 (plus $30 GST), has been declared bankrupt. General Journal entries to record the transactions.

  What is walter recognized gain

Each asset is transferred subject to the liability. What is Walter's recognized gain, if any, on the transaction; and what is his basis in the office building?

  What are the general controls for it systems

What are the general controls for "IT" systems? Why the uppermost managers should serve on the IT governance committee?

  What is the net st or lt gains and losses

What is the net ST or LT gains and losses for 2007? What is the appropriate tax treatment of the net gain or loss.

  Compute the monthly payments

Compute the monthly payments on a 4-year lease for a $25379 car if the annual rate of depreciation is 11% and the lease's annual interest rate is 3.5%

  Draw an REA diagram for the gallerys revenue cycle

Sue's gallery sells original paintings by local artists. All sales occur in the store. Draw an REA diagram for the gallery's revenue cycle

  Explain the recording process and the accounting equation

In your own words, explain the recording process and the accounting equation to someone who has no accounting experience.

  When measuring this year''s deferred tax liability

The new tax measure would increase Hudson's tax rate to 42%. When measuring this year's deferred tax liability, which rate should Hudson use?

  Create cash flow diagram

The MARR is 20% compounded semiannually. What should be the price of the houses to meet the MARR of the project? Create cash flow diagram

  Describe differences in amortization and depletion

On February 19 of the current year, Rock Chalk Co. pays $4,450,000 for land estimated to contain 5 million tons of recoverable ore.

  A lender wants to know if they can collect on their loans a

a lender wants to know if they can collect on their loans. a cash flow statement for the company owing the money will

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