What is the depreciation rate per unit

Assignment Help Accounting Basics
Reference no: EM131977307

Problem

Spangle Corporation uses the unit-of-production method to estimate depreciation. The company purchased a new machine for $20,000 that will produce an estimated 100.000 units over its useful life. The estimated residual value of the machine is $2,000. What is the depreciation rate per unit?

Reference no: EM131977307

Questions Cloud

Calculate taxable income and income taxes payable : South Carolina Corporation has one temporary difference at the end of 2014 that will reverse. Calculate taxable income and income taxes payable for 2014.
How much will you need today as a single amount : How much will you need today as a single amount to provide the fund calculated in part a if you earn only 7% per year during the 24years preceding retirement?
What force must be exerted to lift a 1 ton : What force must be exerted to lift a 1 ton (2,000 lb) load? Through what distance must the input force act to lift this load a distance of 1 inch?
What is real cost of tatooine to be used in special order : The special order will require 900 gallons of endor, a highly perishable material. What is the real cost of tatooine to be used in the special order?
What is the depreciation rate per unit : pangle Corporation uses the unit-of-production method to estimate depreciation. What is the depreciation rate per unit?
Calculate the number of runs per year : The Friendly Sausage Factory (FSF) can produce hot dogs at a rate of 5,000 per day. FSF supplies hot dogs to local restaurants at a steady rate of 240 per day.
Cylinder turns on frictionless bearings : A crank with a turning radius of 0.25 m is attached to the end of the cylinder. What minimum force directed perpendicular to the crank handle
What is the future value of an ordinary annuity cash flow : What is the future value in 4 years of an ordinary annuity cash flow of $942 every quarter of a year at the end of the period at an annual interest rate of 8.79
What would be the radius of that object : The nuclear density is 1.174 × 1017 kg/m3 and the mass of the Sun is 1.99 × 1030 kg. Answer in units of km.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How use publicly available sources as secondary data

Assessment 1: Project context and proposal. Short description of how they will use publicly available sources as secondary data

  Prepare a retained earnings statement

The following information was taken from the records of Gibson Inc. for the year 2010. Prepare a retained earnings statement for 2010

  Find the cost of setting up machines

Toying around with the Numbers. Mattel Inc., a manufacturer of toys, failed to write off obsolete inventory, thereby overstating inventory.

  Bill has a mortgage loan on his personal residence he

bill has a mortgage loan on his personal residence. he decides to pay 24 months of interest in advance on july 1 2012.

  Problem related to stock or bond mutual fund

Mutual Funds What is the function of a mutual fund? Why are mutual funds popular among investors? How does a money market mutual fund differ from a stock or bond mutual fund?

  What are the changes in cash and cash equivalents for most

what are the changes in cash and cash equivalents for most recent year?what was the net cash from operating activities

  Installment-sales method revenue recognition approaches

Accounting, Analysis, and Principles Diversified Products, Inc. operates in several lines of business, including the construction and real estate industries.

  If varone can expect to sell 32000 homs next year through

the varone company makes a single product called a hom. the company has the capacity to produce 41200 homs per year.

  Discuss the company was trying to maximize profits

which option would the company choose if the company was trying to maximize profits

  What is a flow-through entity what advantages do

what is a flow-through entity? what advantages do flow-through entities have over a regular corporation? compare and

  Prepare journal entries for transactions

Prepare journal entries for the transactions that occurred in June, July, and August. The company uses a perpetual inventory system

  Determining the autoregressive model

Suppose an autoregressive model is used for data in which quarterly sales in 2005 were: 1.9, 1.7, 2.2, and 2.3 ($Billion).

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