What is the amount of the annual depreciation

Assignment Help Financial Accounting

Reference no: EM131202958

A building with a cost of $780,000 has an estimated residual value of $90,000, has an estimated useful life of 40 years, and is depreciated by the straight-line method.

a. What is the amount of the annual depreciation?

b. What is the book value at the end of the twenty-fourth year of use?

Reference no: EM131202958

Questions Cloud

Evaluate the current situation facing u.s. stroller : QSO 690 Topics in Operations Management Evaluate the current situation facing U.S. Stroller and discuss the pros and cons of the options presented in the case. (200-400 words)

What gain or loss did recognize on the exchange : Bogus Co. exchanged Building 42 which has an appraised value of $4,800,000, a cost of $7,590,000, and accumulated depreciation of $3,600,000 for Building X belonging to Good Co. Building X has an appraised value of $4,512,000, a cost of $9,030,000, a..

Determine the required inductance : To eliminate an interfering frequency of 52 MHz, design a series resonant circuit to be inserted as a shunt. You have available a 10 pF capacitor. Determine the required inductance.

Using the proposed activity-based costing pools : Carson Weeks has been studying his department’s profitability reports for the past six months. He has just completed a managerial accounting course and is beginning to question the company’s approach to allocating overhead to products based on machin..

What is the amount of the annual depreciation : A building with a cost of $780,000 has an estimated residual value of $90,000, has an estimated useful life of 40 years, and is depreciated by the straight-line method. What is the amount of the annual depreciation? What is the book value at the end ..

Describe how problems are prioritized and addressed : Define and describe Organizational Behavior Management. Identify and describe at least one specific application of OBM that is applicable to the above organization.

Compute the six year depreciation schedule : Belinda starts a business and acquires an asset with a cost of $2,000. Assume that 50% bonus depreciation is available. The asset is 5 year property and is placed in service in June of the year. Belinda acquires no other depreciable assets during the..

Deferral for prepaid expenses and deferred revenues : Explain why companies sometimes recognize deferral for prepaid expenses and deferred revenues. Give an example of an adjusting entry to update each of these items at year-end Explain why companies sometimes recognize accruals for accrued expenses and..

Develop a bsc which includes your suggested kpi : Develop a budget template for the project in your scenario and develop a BSC which includes your suggested KPIs in the four BSC categories for the project in your scenario.

User Account

All Pages