User Account

All Pages

What is the book value of the equipment at january

Assignment Help Accounting Basics
Reference no: EM133091041

Question - Baggins Corporation purchased equipment on January 1, 2019 for $750,000, estimating a ten-year useful life and a residual value of $50,000. In 2019, 2020, and 2021, Baggins depreciated the asset using the straight-line method. Beginning January 1, 2022, Baggins changed to sum-of-years'-digits depreciation for this equipment. At the time of the change in depreciation method, there was no change in residual value or useful life.

What depreciation will Baggins record for the year 2019 on this equipment.

What is the book value of the equipment at January 1, 2022?

What depreciation would Baggins record for the year 2022 on this equipment?

Reference no: EM133091041

Questions Cloud

Incorporated into capital budgeting analysis : Discuss how a project's risk can be incorporated into capital budgeting analysis. Should discounted cash flows be used to evaluate capital budgeting projects?
Understanding of from management perspective : What is the purpose of diagramming a process and why is it important to have an understanding of this from a management perspective?
Calculate the present value of the minimum lease payments : Calculate the present value of the minimum lease payments. PV factor for annuity due of 20 semi-annual payments at 8% annual rate, 14.13394
Qualifies for workers compensation due to health issues : Determine what the company's options are and whether Charlie qualifies for workers' compensation due to his health issues.
What is the book value of the equipment at january : Baggins Corporation purchased equipment on January 1, 2019 for $750,000, What is the book value of the equipment at January 1, 2022
Present the journal entries that fargo would record : Present the journal entries that Fargo would record during the first year of the lease. Include an amortization schedule through January 1, 2021
What is the rate of return on the stock : Question - If the current price of stock is $25, current dividend is $1, and the growth rate and dividend is 2%, what is the rate of return on the stock
Job satisfaction and knowledge sharing : Review the article "Job Satisfaction and Knowledge Sharing: identify the elements of the quantitative research processes used in this study.
What is megan net worth at the end of the year : She has a mortgage of $100,000 and her monthly mortgage payments are $2,000. What is Megan's Net Worth at the end of the year, December 2021

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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