What is the net book value for machine

Assignment Help Accounting Basics
Reference no: EM131788184

Question - Koger Supermarkets use scanning machines to ring-up customer purchases. Koger bought machine # 25624 on April1, 2006 for $2,000. This machine is expected to last five years and has a salvage value of $100.

Assuming the Koger uses straight-line depreciation, what is the net book value for machine #25624 on March 31, 2008?

Reference no: EM131788184

Questions Cloud

Compute the new price of the bond : Wilson Oil Company issued bonds five years ago at $1,000 per bond. These bonds had a 25-year life when issued and the annual interest payment.
Choosing the predictor and response : Data on salaries and years of experience at a two-year college are used in a lawsuit to determine whether a faculty member is being paid .
Number with 3 different digits will be a winner : What is the probability that a "boxed" number with 3 different digits will be a winner?
Estimate the value of a gold bracelet that weighs 4 ounces : Choosing the Predictor and Response Indicate which variable you think should be the predictor (x) and which variable should be the response.
What is the net book value for machine : Assuming the Koger uses straight-line depreciation, what is the net book value for machine #25624 on March 31, 2008
What is the probability that a boxed : if the 3 digits they pick come out in any order. What is the probability that a "boxed" number with 3 different digits will be a winner?
What are appropriate entries related to the premium : When the bonds were issued, they sold for 101. What are appropriate entries related to the premium? In the debt service fund
Write about a personal birthing experience : Write about a personal birthing experience. It can be your own birth, your child''s birth, or one you took part in. What do you remember about the event
How can supervisor assist in furthering your career growth : How can your supervisor assist in furthering your career growth? What do you feel are going to be your biggest challenges this year?

Reviews

Write a Review

Accounting Basics Questions & Answers

  William is not married nor does he have any dependents

His AMT adjustments totaled $125,000. What is Williams's AMT for 2007? (Hint: Don't forget the personal exemption.)

  Determine the taxpayer''s taxable income

The taxpayer uses the diminishing value method of depreciation and uses the effective life determinations as specified by the Commissioner.  All assets were purchased after 10 May 2006.  The business has not elected to utilise the small business e..

  Capitalization of certain expenditures

Which of the following scenarios reflects the correct application of U.S. GAAP for capitalization of certain expenditures as intangible assets?

  What is the net value of the tax credit to maris corporation

Maris Corporation put into service $100,000 of equipment that qualifies for its state's 10 percent research credit. To the extent that the credit is claimed.

  Calculate the amount of noncontrolling interest

Calculate the amount of noncontrolling interest to be deducted from consolidated income in the consolidated income statement in 2017

  The december 31 2007 balance sheet of butterfly wings

the december 31 2007 balance sheet of butterfly wings inc.showed 150000 in the common stock account and 2.9 million in

  Calculate the inventory turnover for oakley inc

Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakley Inc.

  How would the company record the adjustment to fair value

At December 31, 2104, the Vista shares had a fair value of $102 per share. How would the company record the adjustment to fair value

  Compare the price of the bonds sold by ethan to bonds

ethan jones is an investment broker. recently he contactedpotential investors and offered to sell them bonds that were

  Use of assets accumulated in a trust fund

Which of the following funds can be used to account for the spendable income from a Private Purpose Trust Fund?

  Assume you are representing the taxpayers before the irs

harold and betty factory workers who until this year prepared their own individual tax returns purchased an investment

  Identify the growth stage

A condensed Statement of Cash Flows is presented below for each of three companies. Based on the information provided for each company, Identify the growth stage and assess the financial health of each company

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