Solution-What is amount of amortization that angstrom

What is amount of amortization that angstrom should record

Assignment Help Accounting Basics

Reference no: EM131073158

Angstrom Corporation purchased a truck at a cost of $60,000. It has an estimated useful life of five years and estimated residual value of $5,000. At the beginning of year three, Angstrom's managers concluded that the total useful life would be four years, rather than five. There was no change in the estimated residual value. What is the amount of amortization that Angstrom should record for year 3 under the straight-line method?

Reference no: EM131073158

Questions Cloud

What amount that bg corporation should be willing to pay : Assume that the cash flows occur at the end of each year, the tax rate is 40% for bothcompanies, and BG Corporation's after-tax required rate of return is 13%. What is the maximum amount that BG Corporation should be willing to pay to take over SM..

Do the data measure what they intend to measure : For the purpose of this assignment, you will want to compare the rates of violent crime and property crime in the city in which you reside, or the nearest metropolitan area, at three points: 2007, 2011, and 2014. Do the data measure what they inte..

Use vectors to describe this set as a "line" in r4 : Use vectors to describe this set as a "line" in R4.

Identify the competing cultures in this scenario : What are some strategies you would propose to the warden to address the apparent conflict that exists among the competing cultures within the prison on this issue of access to the courts?

What is amount of amortization that angstrom should record : Angstrom Corporation purchased a truck at a cost of $60,000. It has an estimated useful life of five years and estimated residual value of $5,000. What is the amount of amortization that Angstrom should record for year 3 under the straight-line met..

What is the smallest possible value for x4 : what is the smallest possible value for x4?

Take a latent print from an area within your home : Use SmartDraw to sketch a crime scene for the given scenario. Provide the location where you found latent fingerprints. Identify how many fingerprints you found around the crime scene were known fingerprints-those of the home tenants-or were undet..

Discuss your thoughts on the photographers use of image : Choose an image. Discuss your thoughts on the photographer's use of image manipulation. Take a stance. Back up your viewpoint.

Calculations to balance this equation : Use exact arithmetic or a rational format for calculations to balance this equation.

User Account

All Pages

What is amount of amortization that angstrom should record

Reference no: EM131073158

Reference no: EM131073158

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT