What is the amount of the annual depreciation

Assignment Help Accounting Basics
Reference no: EM132694310

Problem - A refrigerator used by a wholesale warehouse has a cost of $64,000, an estimated residual value of $5,200, and an estimated useful life of 12 years. What is the amount of the annual depreciation computed by the straight-line method?

Reference no: EM132694310

Questions Cloud

What the arguments for and against using existing brand name : What the arguments for and against using existing brand names on the Web are. Why would a company not want to use their existing brand name
Characteristics of services is heterogeneity : How has the service changed during the current pandemic? We know that one of the characteristics of services is "heterogeneity."
Determine the depreciation for the month : A diesel-powered tractor with a cost of $90,000 and estimated residual value of $15,000 is expected, Determine the depreciation for the month
How do feel as a leader the should have been handled : How do you feel as a leader this should have been handled? Do you believe that unethical practices with regards to finance were made or not.
What is the amount of the annual depreciation : An estimated useful life of 12 years. What is the amount of the annual depreciation computed by the straight-line method
Find the cost of the land to be reported on balance sheet : A contractor was paid $415,000 to construct a new warehouse. Find the cost of the land to be reported on the balance sheet
What are the major risks alibaba is exposed to : Alibaba's Bond Dilemma Case Study - What are the major risks Alibaba is exposed to? Please explain rationale.
Address of the array : Address of the array, the size of the array and the number you are looking for as arguments to the subroutine. The subroutine returns the index of the element
Was reallocation of fixed costs across divisions unethical : Was the reallocation of fixed costs across divisions unethical? What should Blake do?

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