What is the amount of depreciation for the second full year

Assignment Help Accounting Basics
Reference no: EM133030845

Question - A machine with a cost of $95,000 has an estimated residual value of $14,000 and an estimated life of 4 years or 24,000 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method.

Reference no: EM133030845

Questions Cloud

Criminal justice peregrine assessment : Looking for the test prep for the Criminal Justice Peregrine Assessment.
Assignment on the eharmony case : Question: The case does not discuss it, but the use of mobile phones for relationships is arguably the "next wave" for this industry.
Why is mis so important to business : 1) Why is MIS so Important to Business? 2) What are the 5 forces that determine Industry Structure?
What is the amount of cost of goods sold : At the end of the period, the physical count of inventory reveals that $10,000 of inventory is on hand. What is the amount of cost of goods sold
What is the amount of depreciation for the second full year : A machine with a cost of $95,000 has an estimated residual value of $14,000 and an estimated life of 4 years or 24,000 hours. What is the amount of depreciation
Transactional leadership or transformational leadership : Coronavirus has changed the world in a short space of time and many experts believe that global business has changed forever.
Describe the role of data and personalisation : DMC Plan Assessment - Describe the role of data and personalisation when developing DMC - This is where you present your recommendations substantiated
What is the impact of knowledge on creativity : Question 1: What are the most important intellectual abilities for creative thinking?
Calculate the deferred tax balances at December : Pina Colada Corporation was informed on December 31, 2021 that the enacted rate for 2022 and subsequent years is 25%. Calculate the deferred tax balances

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd