What is the amount of depreciation for the second full year

Assignment Help Accounting Basics
Reference no: EM133180865

Question - A machine with a cost of $72,635.00 has an estimated residual value of $5,333.00 and an estimated life of 3 years or 14,722 hours. It is to be depreciated by the units-of-production method. What is the amount of depreciation for the second full year, during which the machine was used 4,623 hours?

Reference no: EM133180865

Questions Cloud

Philippines learning and development : Assess and give specific programs/scenario that can be applied to a construction company in the Philippines learning and development (L&D) program using the pri
Types of manmade hazards : Identify various types of manmade hazards. Identify and discuss any risk assessments that have been conducted for the community.
Identifies four potential treatments for risk : Identify a risk of your choice and discuss how an emergency manager would use one of these risk treatments to reduce or eliminate the risk.
Discuss the different rewards and incentives : Discuss the different rewards and incentives a company could use with their global workforce.
What is the amount of depreciation for the second full year : A machine with a cost of $72,635.00 has an estimated residual value of $5,333.00. What is the amount of depreciation for the second full year
Violation of employees rights : The human resource team is legally and ethically responsible for upholding employees' rights. Religious discrimination is in violation of employees' rights. Cla
Identify two assumptions that can affect next year budgets : Identify two (2) assumptions that can affect next year's budgets. Your assumptions may be based on any area of the budgets prepared
The production possibilities curve : The Learning Activity titled "The Production Possibilities Curve" explains concepts that relate production possibilities curve to scarcity and opportunity cost
Examine three of upstream impacts of mining : Examine three of the upstream impacts of mining. Which of these do you think would be most difficult to estimate in a life cycle assessment?

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