User Account

All Pages

What is depreciation expense

Assignment Help Accounting Basics
Reference no: EM131737290

Problem - A company acquires a bulldozer and its only two components for $500,000 on 1/1/19. The useful life of the bulldozer is 10 years with no salvage value. The treads with a value of $45,000 will need to be replaced every five years with no salvage value. The blade has a value of $20,000 and needs to be replaced every four years with no salvage value. The company uses the straight-line method to compute depreciation. Under IFRS, what is depreciation expense for 2019?

a. $50,000

b. $57,500

c. $90,000

d. $58,000

e. $65,000

Reference no: EM131737290

Questions Cloud

How the inclusion of the fixed income securities affect risk : You are bullish on the markets in the long-term. Discuss the how the inclusion of the fixed income securities affects the risk in your total portfolio.
Develop a strategy to deal with team emotions : Explain three generational issues that could impact a team and create a plan to deal with each situation - Evaluate three multi-cultural issues
What factors accounted for the divergence : During the 1990s, the age cohort that grew the most rapidly was the 45-54 cohort, which has the highest saving rate.
Information and the biases uncovered by psychologists : 1) Identify the key errors made by individuals in processing information and the biases uncovered by psychologists
What is depreciation expense : The company uses the straight-line method to compute depreciation. Under IFRS, what is depreciation expense for 2019
Discuss what is the encoding specificity hypothesis : What is the encoding specificity hypothesis, and how was it demonstrated in Thomson and Tulving's classic experiment in which participants
Find the rate of capacity utilization : The ratio of capital spending to GDP rose sharply during the latter 1970s, even though bond yields rose sharply during that period.
Human service professional advocate for social change : What research skills and techniques by which a human service professional could and advocate for social change to help meet the needs
Discuss the legal implications and issues relative : Refer to the utmost good faith doctrine, the outcome of adverse selection, and the issues relating to privacy of information.

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