What is the depreciation expense for 2012

Assignment Help Accounting Basics
Reference no: EM13132912

Gardner Corporation purchased a truck at the beginning of 2012 for $90,000. The truck is estimated to have a salvage value of $3,600 and a useful life of 120,000 miles. It was driven 18,000 miles in 2012 and 32,000 miles in 2013. What is the depreciation expense for 2012?

Reference no: EM13132912

Questions Cloud

Australian stock exchange : Calculate annual returns for each of the last five (5) years for a company of your choice listed on the Australian Stock Exchange and compare these returns to the Australian market during the same period.
Bachelors in environmental technology and managment : What would One Do with a Bachelors in Environmental Technology and Managment
Compare and contrast the treatment of the dividend by otter : an individual taxpayer in the 35% marginal bracket, also owns 25% of Marmont's stock. Compare and contrast the treatment of the dividend by Otter Corporation and Gerald.
Find the standardized value for the score : If a randomly selected student has a score of 40, then how many standard deviations away from the mean is that student's score?
What is the depreciation expense for 2012 : Gardner Corporation purchased a truck at the beginning of 2012 for $90,000. The truck is estimated to have a salvage value of $3,600 and a useful life of 120,000 miles. It was driven 18,000 miles in 2012 and 32,000 miles in 2013. What is the depre..
Cpst of goods manufacuted is : The finished-goods inventory at the end of July was $35,000 and the cost of goods sold during the month was $125,000. Cpst of goods manufacuted is?
What is the change in internal energy of the system : a system conducts 192 cal of heat to the surroundings while delivering 322 cal of work. what is the change in internal energy of the system (in cal)?
Piaget''s theory of nature-development of human intelligence : Piaget's theory of cognitive development is a theory about the nature and development of human intelligence. Piaget theory was first developed by Swiss developmental psychologist Jean Piaget.
The whole business of scientific enquiry : Write an essay on : The whole business of scientific enquiry

Reviews

Write a Review

Accounting Basics Questions & Answers

  Accounts receivable turnover ratio

The accounts receivable turnover ratio is computed by dividing:

  Sale and trading securities

Prepare the adjusting entry (if any) for 2007, assuming the securities are classified as trading. Prepare the adjusting entry (if any) for 2007, assuming the securities are classified as available for-sale.

  Propose expense allocation system for heat, rent, insurance

Visit a local movie theater and check out both its concession area and its showing areas. The manager of a theater must confront questions such as: How much return do we earn on concessions?

  High-low method of cost estimation

Ingram Co. manufactures office furniture. During the most productive month of the year, 3,500 desks were manufactured at a total cost of $84,400. In its slowest month, the company made 1,100 desks at a cost of $46,000.

  Net capital assets in the governmental activities

What amount should be added to net capital assets in the governmental activities accounts in 2007?

  Amount of interest expense

What is the amount of interest expense Herman will show with relation to these bonds for the year ended December 31, 2010?

  Gains and losses on sale of assets

Which of the following statements is true? I. The entire amount of realized gains and losses from the sale of assets are recognized for tax purposes.

  Break-even point will increase or decrease

Mark Company currently sells a video recorder with a selling price of $300 per unit. The variable expense per unit is $175 and fixed expenses are $100,000. If the company reduces variable expenses by $20 per unit and increases the fixed expenses b..

  Total dividends paid to shareholders

In its most recent financial statements, Newhouse Inc. reported $50 million of net income and $810 million of retained earnings. The previous year, its balance sheet showed $780 million of retained earnings. What were the total dividends paid to s..

  Government-institutional accounting

What is the major source of the change in net assets that occurred in 2007 from the change that occurred in 2008? In your opinion, is this trend likely to continue? Why/why not?

  Which is closest to the present value of the project

Upper Darby Park Department is considering a new capital investment. The following information is available on the investment. The cost of the machine will be $150,000.

  Information about earning per share

For 2010, Skresso Co. reported $3.64 of earnings per share of common stock. During 20011 the firm had a 4% common stock dividend.

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