What is the depreciation charge for the year ended september

Assignment Help Accounting Basics

Reference no: EM132788209

XYZ Co purchased a machine with an estimated useful life of 5 years for $34,000 on 30 September 20X5. XYZ Co planned to scrap the machine at the end of its useful life and estimated that the scrap value at the purchase date was $4,000. On 1 October 20X8, XYZ revised the scrap value to $2,000 due to the decreased value of scrap metal

Problem a) What is the depreciation charge for the year ended 30 September 20X9?

Problem b) Prepare relevant T Accounts.

Reference no: EM132788209

Questions Cloud

Determine the value of the company stock : If investors require a 12% rate of return on investments of similar risk, determine the value of the company's stock.

What would the value of the property be : Calculating the commission when commission rate and sale price are known: A broker sold a 560,000 property and earned a commission

What amount of the notes payable should be excluded : In Cain's December 31, 20x7, balance sheet, what amount of the notes payable should be excluded from current liabilities? show the solution.

Difference between liberal and conservative ideologies : Describe the difference between liberal and conservative ideologies in American politics. Using one social or demographic group as an example, describe some.

What is the depreciation charge for the year ended september : What is the depreciation charge for the year ended 30 September 20X9? XYZ Co purchased a machine with an estimated useful life of 5 years

What is the value of this bond : Assume that a 20-year semi-annual, 10% $1,000 bond is callable after 10 years at 105% of par value. what is the value of this bond

What loan-to-value ratio must the lp plan : A certain real estate limited partnership (LP) advertises that it has a target of matching the stock market in total return for its limited partner investors

How much is the after-tax salvage value cash flow : Madison's marginal tax rate is 45.00%, and a 18.00% WACC is appropriate for the project. How much is the after-tax salvage value cash flow

Calculate the price of the bond at date of purchase : 1. Calculate the price of the bond at date of purchase and at date of sale 2. Calculate the future value of the re-invested coupons at date of sale

User Account

All Pages