User Account

All Pages

What is the carrying amount of the machine

Assignment Help Accounting Basics
Reference no: EM132573338

Question - All fun Karaoke owns a karaoke machine that cost N$50,000. When they bought it at the beginning of July 2016, residual value at the end of its useful life was anticipated to be at N$5,000.

At the end of their financial year on June 30th 2018, accumulated depreciation on the machine was at N$ 21,960. Using the diminishing balance method and a depreciation rate of 20%, what is the carrying amount of the machine at the end June 2019 financial year?

Reference no: EM132573338

Questions Cloud

Create the journal entries to make the required adjustment : How to Create the journal entries to make the required adjustment in KK's consolidated financial statements for the year ended 30 September 2013.
Why abc hospital needs and uses charity care : Why ABC Hospital needs and uses charity care? Patient demographics and percent of hospital patient population receiving charity care in the last fiscal year.
Solve the amount that zzz should include in consolidated : Solve the amount that ZZZ should include in its consolidated statement of financial position as at 31 December 2019 for Group retained earnings.
Starting child on an experimental drug : During your visit to the doctor you learn that your child has a rare disorder. The prognosis is not good. But there are two possibilities
What is the carrying amount of the machine : Using the diminishing balance method and a depreciation rate of 20%, what is the carrying amount of the machine at the end June 2019 financial year
How epidemiological methods are used : Visit the Healthy People 2020 website, Topics and Objectives page and explore some topics. Discuss how epidemiological methods are used to evaluate Healthy.
Why some financial institutions prefer to provide credit : Explain why some financial institutions prefer to provide credit in financial markets outside their own country? why an MNC may invest funds in financial market
Calculate to 4 decimal places the sf cross-rate : Calculate to 4 decimal places the SF/£ cross-rate which Sunil should quote to his British customers. SF in Zurich: 1.8900- 1.8950 SF/1$
What are the challenges faced by management : What are the challenges faced by management in handling technological changes in a public organisation?

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