User Account

All Pages

What is the average age of the equipment owned

Assignment Help Financial Accounting
Reference no: EM133089813

Question - Ogden Printing, Inc. reported the following in its December 31, 2021, balance sheet:

Equipment $240,000

Less: Accumulated depreciation-equipment $121,600

In a disclosure note, Ogden Printing indicates that it uses straight-line depreciation over 15 years and estimates salvage value at 5% of cost.

Required - What is the average age of the equipment owned by Ogden Printing?

Reference no: EM133089813

Questions Cloud

Determine the depreciation and book value at December : The machine is expected to have a four-year life, with a residual value of $7,000 at the end of four years. Determine depreciation and book value at December
Identify digital business-related challenges : b) Identify two (2) digital business-related challenges you may face while implementing your proposed strategy. How do you suggest counteracting those identifie
Influence and maximise employee satisfaction : Exploration of important skills and traits for leaders within a secondary school - maximise employee satisfaction (in a third sector organisation) in a time
Four types of organizational cultures : In which of the four types of organizational cultures - Family, Eiffel Tower, Guided missile, Incubator, would most people from China feel comfortable?
What is the average age of the equipment owned : Less: Accumulated depreciation-equipment $121,600. What is the average age of the equipment owned by Ogden Printing
Discuss the development of both concrete and the arch : Discuss the development of both concrete and the arch. Include the importance of each in the life of Rome and the results of their use.
Evaluate the driving forces of e-business : Identify techniques and tools that can be used to evaluate the driving forces of e-Business.
Evaluate main elements of disclosure accounting policies : Evaluate the main elements of primary disclosure accounting policies and provide at least two (2) examples of the most commonly required disclosures
Shi ann social-emotional development : What might you do as an early childhood educator to help Shi Ann's social-emotional development?

Reviews

Write a Review

Financial Accounting Questions & Answers

  How much would it cost to take over

Its market-to-book ratio is 4.2, its book debt-equity ratio is 3.2, and it has cash of $800 million. How much would it cost to take over

  What are saying about the implied return

Does it matter whether you grow the $100,000 at 50 percent to $150,000 and note it is 10 percent of $1.5 million, or discount the $1.5 million at 50 percent

  Should the machine be acquired

Fe Company is considering to buy a new machine which cost P50,000. Should the machine be acquired

  Explain and discuss their theorem along with a critique

Explain and discuss their theorem along with a critique of the advantages and disadvantages of the theorem.

  What the consultant will record the transaction by

Under the accrual accounting system, the consultant will record this transaction by? An engineering consultant provided $300 of services to a client

  What is the clinics contribution margin on the contract

Grandview Clinic has fixed costs of $2million and an average variables cost rate of $15 per visit. Its sole payer, an HMO, has proposed an annual capitation payment of $150 for each of its 20,000 members. Past experience indicates the population serv..

  Prepare schedule that shows computation of cash collection

Prepare a schedule that shows the computation of cash collections of its credit sales (accounts receivable] in each of the months of June and July.

  What gavin should report vacation pay expense of

Employees on October 1, 20X6, its annual salary increase date. For the year ended December 31, 20X6, Gavin should report vacation pay expense of

  What is the company new required rate of return

The risk-free rate and the firm's beta remain unchanged. What is the company's new required rate of return? (Hint: First calculate the beta)

  How is the recourse note allocated to the partners bases

CCC Partnership borrowed $100,000 on a five-year recourse note from a local bank. How is the $100,000 recourse note allocated to the partners' bases

  What types of derivatives does the company uses

How is the information related to the company's derivatives presented and What types of derivatives does the company uses

  What is the length of operating cycle

Stuff for Less takes 60 days on average to pay for their purchases. Given this information, what is the length of operating cycle

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