What is the relevant cost of the machine for contract

Reference no: EM132727539

Question - Chineke Sons and Co want to purchase a second hand vehicle for N$ 150000 to be used on a contract. The vehicle will cost N$ 25000 to register and service before use and will have a scrap value of N$ 10 000 in 5 years. It is depreciated on the straight line basis over 5 years. What is the relevant cost of the machine for contract?

Reference no: EM132727539

Questions Cloud

What is the maximum amount that can be deducted : P incurred incorporation costs of $10,000 to incorporate a new corporation, What is the maximum amount that can be deducted in computing income for the current

Which elements of warrick balance sheet are affected : Which elements of Warrick's balance sheet are affected by the components of pension expense? What are the specific changes in these accounts?

What is consolidated net income for placid lake : During 2017, intra-entity sales of $150,000 (original cost of $72,000) were made. What is consolidated net income for Placid Lake and its subsidiary

Determine tolerable misstatement based on inherent : XYZ Hotels, Inc., a privately-held company, Determine tolerable misstatement based on inherent and control risk assessments.

What is the relevant cost of the machine for contract : Chineke Sons and Co want to purchase a second hand vehicle for N$ 150000 to be used on a contract. What is the relevant cost of the machine for contract

What amount of interest must be included in income for year : B Inc. purchased a $20,000 bond on its issue date, October 1, Year 1. What amount of interest must be included in income for Year 1

Identify and describe food licences victoria : Identify and describe Food Licences Victoria Australia Liquor Licences Victoria Australia the basic requirements for two licenses and what might cause theses

What are the management tools that tesla motor uses : What are the management tools that Tesla motor uses?

How much revenue should miller report : The estimated total costs to complete the project were $8,400,000. How much revenue should Miller report for 2020 and 2021

User Account

All Pages