User Account

All Pages

What is the amount of depreciation for the second full year

Assignment Help Accounting Basics
Reference no: EM132729701

Problem 1: A machine with a cost of $52,800 has an estimated residual value of $4,019 and an estimated life of 5 years or 19,613 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method?

a. $19,512.40

b. $21,120.00

c. $10,560.00

d. $12,672.00

Reference no: EM132729701

Questions Cloud

Compute what is amount of depreciation for first full year : Equipment with a cost of $154,707 has an estimated, What is the amount of depreciation for the first full year, during which the equipment was used 3,867 hours?
What is a literature review : What is a literature review and discuss why it is so important in the research process?
Ethical decision-making process to the issue : Discuss and apply at least one of the major ethical theories to the issue and the ethical decision-making process to the issue.
Identify evidence of bias in each of the three letters : Identify evidence of bias in each of the three letters. How can you describe the notion of bias? Define perspective. How does the concept of perspective.
What is the amount of depreciation for the second full year : A machine with a cost of $52,800 has an estimated, What is the amount of depreciation for the second full year, using the double-declining-balance method?
Concept of rationing healthcare : The concept of rationing healthcare is dealt with on a daily basis. Healthcare rationing in the United States exists in various forms.
Why do you feel the way you do about the issue presented : Why do you feel the way you do about the issue presented? Support your conclusions with evidence and specific examples from the textbook, as well as other.
What was variable overhead efficiency variance for month : The standard hours allowed for the actual output of the month totaled 2,280 machine-hours. What was the variable overhead efficiency variance for the month?
What is the necessary journal entry for the transaction : What is the necessary journal entry for this transaction? The company uses the straight line method for computer equipment depreciation.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is almond break-even point in units

Almond Company's fixed costs are $2,880,000 and its variable costs are $3,760,000 in total, What is Almond's break-even point in units

  What are the auditors alternatives

When such an event occurs and is appropriately reflected in the financial statements, what are the auditor's alternatives with respect to dating the audit report and the conditions applicable to each alternative?

  Describe the sum-of-the years-digits method

Archie Co. purchased a framing machine for $45,000 on January 1, 2016. The machine is expected to have a four-year life, with a residual value of $5,000.

  A full-time biochemist loves stock car racing to feed her

a full-time biochemist loves stock car racing. to feed her passion she bought a used dirt track car and has started

  Calculate the predetermined overhead allocation rate

Calculate the predetermined overhead allocation rate, and prepare the journal entry for the allocation of overhead

  Frantic fast foods had earnings after taxes of 1200000 in

frantic fast foods had earnings after taxes of 1200000 in the year 2009 with 322000 shares outstanding. on january 1

  If lind company had net income of 300000 in 2011 and it

if lind company had net income of 300000 in 2011 and it experienced a 24.5 increase in net income for 2012 what is its

  Estimated costs to complete the contract

Following are accumulated contract costs incurred, estimated costs to complete the contract, and accumulated billings to Gumbel for 2010, 2011, and 2012

  What is the cash flow in year zero

The machine will cost an additional $5,000 in electricity to run. The company's required rate of return is 7%. What is the cash flow in year zero

  How did mr mandoff keep his new investments at such a high

how did mr. mandoff keep his new investments at such a high rate of return and keep paying off investors and giving to

  Problem - Segment Contribution Margin Analysis

Problem - Segment Contribution Margin Analysis - Determine the contribution margin (round to whole millions) and contribution margin ratio

  What is the contribution to income from selling the pounds

Bozo Inc. manufactures two products from a joint production process. What is the contribution to income from selling the 14,000 pounds of HS at split-off?

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