What is the depreciation expense on this asset

Assignment Help Financial Accounting

Reference no: EM13755364

Carson Company purchased a depreciable asset for $280,000. The estimated salvage value is $14,000, and the estimated useful life is 10,000 hours. Carson used the asset for 1,500 hours in the current year. The activity method will be used for depreciation. What is the depreciation expense on this asset?

26,600

39,900

44,100

266,000

Reference no: EM13755364

Questions Cloud

Effects of cryptographic tunneling : Write a paper consisting of 500-1,000 words (double-spaced) on the security effects of cryptographic tunneling based on an understanding of the OSI (Open Systems Interconnect) model

Jennifer spends all her income on two good : Jennifer spends all her income on two goods, X and Y. In Year 1, P X = $15 and PY = $24, and at her utility-maximizing equilibrium she bought 20X and 30Y.

Case study- casey anthony trial : Case Study: Casey Anthony Trial, On July 5, 2011, Casey Anthony was found not guilty of first-degree murder in the 2008 death of her daughter, Caylee. Further research this incident using quality and reputable resources

Advantages and disadvantages of restricting user interfaces : Explain the advantages and disadvantages of restricting user interfaces. (User interfaces can often be restricted, limiting the user's ability to navigate to other areas of the system, or out of the system

What is the depreciation expense on this asset : Carson Company purchased a depreciable asset for $280,000. The estimated salvage value is $14,000, and the estimated useful life is 10,000 hours. Carson used the asset for 1,500 hours in the current year. The activity method will be used for deprecia..

Reason that equity earnings create a problem : A reason that equity earnings create a problem in analyzing profitability is that equity earnings are:

What is the cost of the equipment : Worthington Chandler Company purchased equipment for $36,000. Sales tax on the purchase was $2,400. Other costs incurred were freight charges of $600, repairs of $350 for damage during installation, and installation costs of $675. What is the cost of..

Journal entries for all of the accounting transactions : 1. Develop journal entries for all of the accounting transactions in January for Fishy Farm. 2. Create an income statement for the month of January for Fishy Farm.

What were the three social classes of iberian society : What were the three social classes of Iberian society? Explain the three factors that contributed to Portugal's emergence as a leader in exploration.

User Account

All Pages