User Account

All Pages

What depreciation would be using double-declining balance

Assignment Help Accounting Basics
Reference no: EM132687682

Cutter Enterprises purchased equipment for $102,000 on January 1, 2018. The equipment is expected to have a five-year life and a residual value of $5,700.

Problem 1: Using the double-declining balance method, depreciation for 2019 would be:

Option 1: $24,480.

Option 2: $40,800.

Option 3: $23,112.

Option 4: None of these answer choices are correct.

Reference no: EM132687682

Questions Cloud

Compute what the expected profits : If total revenue in 2020 is expected to be $1,770,210, compute what the expected profits in 2020 [round the CM or CM rate to two decimal places]
Identify the type of rna and its function : Produce a poster that shows the step-by-step process of biosynthesis of a protein - Identify the type of RNA and its function in each part of the process
Transcribe the dna coding strand : Below is a template strand DNA CFTR gene sequence for Patient #1379. Transcribe the DNA coding strand and translate the mRNA into an amino acid
Why it is important to have reproducible results in science : Briefly explain why it is important to have reproducible results in science ( what can happen when results can't be reproduced), explain some of the challenges
What depreciation would be using double-declining balance : Cutter Enterprises purchased equipment for $102,000 on January 1, 2018. Using the double-declining balance method, depreciation for 2019 would be
Describe channels and technology to advertise vacancies : Describe channels and technology available to advertise vacancies? Explain a range of interviewing techniques and other selection processes.
Explain the necessity for genetic testing : This week's Discussion is based on Chapter 12 on biodiversity. You are to examine the available information on the four identified species of giraffe.
Describe the family enterobacteriaceae : 1. Describe the family Enterobacteriaceae and list at least two Genera in this family.
What percentage of their sons would be expected : What percentage of their sons would be expected to have the disease? What percentage of their daughters would be expected to have the disease?

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