User Account

All Pages

What is the revised annual depreciation

Assignment Help Financial Accounting
Reference no: EM132986568

Questions -

Q1. For the year ended December 31, 2021, Bramble Co. has net sales of $1100000 and profit of $203000. Total assets on January 1, 2021 were $1690000 and total assets at December 31, 2021 are $1110000. Bramble's return on assets for 2021 is?

Q2. In January 2019, a machine was purchased $45,000 with a useful life of 5 years and no residual value. In January 2021, the useful life was revised to 4 years from this point forward. What is the revised annual depreciation?

Q3. A company purchased property for $270000. The property included an acre of land valued at $40000, a building valued at $154000, and equipment valued at $126000. The land will be recorded at a cost of (Round intermediate calculation to 4 decimal places and final answer to 0 decimal places. e.g. 1,250.)

Reference no: EM132986568

Questions Cloud

Explain concept of externality : Explain concept of externality; How new meat processing plant will affect the adjacent land(s) value, either positively or negatively
How much increase in profits differential pricing provide : If eBike was to charge a single price over both segments, what should it be? How much increase in profits does differential pricing provide
Determine the company gross profit margin : Sales Returns and Allowances $325,000; Sales Discounts $75,000; and Cost of Goods Sold $1,850,000. Determine the company gross profit margin
Who is responsible for the cost of the biscuits : Who is responsible for the cost of the biscuits? At what level is the cost controllable? Do you agree that Barney should be angry with the purchasing agent
What is the revised annual depreciation : In January 2019, a machine was purchased $45,000 with a useful life of 5 years and no residual value. What is the revised annual depreciation
How much operating room overhead would be charged : Bill Harris had a seven-hour procedure on January 22. How much operating room overhead would be charged to his procedure, using the rate
What are the approaches to managing inventory levels : What are the approaches to managing inventory levels? What are the internal and external factors affecting a company's working capital needs
Determine the taxable amount : Determine the taxable amount that would be included in Ed's 2019 Net Income for Tax Purposes (NIFT) as a consequence of his interest in the Robed Partnership
Indicate the tax effects of on net income : Indicate the tax effects of on 2019 Net Income for Tax Purposes for both Michael and the trust

Reviews

Write a Review

Financial Accounting Questions & Answers

  What balance will be reported for inventory in balance sheet

What balance will be reported for inventory in the consolidated balance sheet for December 31, 20X8? What amount of sales will be reported in the consolidated income statement for 20X8?

  Prepare entries for sloan systems to record the transactions

Sloan Systems sells voice mail systems to small businesses. During 2009, Sloan engaged in the following activities involving notes receivable. Prepare entries for Sloan Systems to record these transactions.

  Determine whether centara co should accept dynamic offer

Determine whether Centara Co. should accept Dynamic's offer. Centara Distributor, a wholesaler of paper products, has been approached by Dynamic Paper Products.

  What is the average collection period for biggabiz

BiggaBiz offers credit terms of 3/7, net 30. Experience shows that 40% of all customers pay within the discount period. What is the average collection period?

  What is his possible minimum gain

James sold 300 shares of ABC for $3,250 on 8/1. What is his possible minimum gain assuming that he purchased shares as indicated below

  Flowcharting and business process diagram conventions

Proper application of flowcharting and business process diagram conventions. Understand the case and demonstrate it by properly configuring entities, documents and flow of documents.

  What is bad debt expense

Revenue of $4,600,000 was earned from programs which the Society conducted for corporate employees. What is bad debt expense for 2017

  How much will the insurance company pay for the austin

Does the Homeowner's Insurance cover some of the Austin's loss? Had the endorsement to the renters' policy for replacement cost been added

  Find how are cash equivalent reported in financial statement

"Other Income" if the Bank fails to detect the error within the next three months. Please discuss whether the controller is behaving in an ethical manner.

  How the firm managed to hide their accounting improperties

A description of the scandal methodology - explain the specific accounting impropriety that company used. An explanation of how the firm managed to hide their accounting improperties?

  Compute the npv statistic for project u

Compute the NPV statistic for Project U if the appropriate cost of capital is 11 percent. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations.

  Annual manufacturing overhead costs

Marquis Company estimates that annual manufacturing overhead costs will be $884,000. Estimated annual operating activity bases are direct labor cost $461,000, direct labor hours 46,000, and machine hours 101,000. Compute the predetermined overhead ra..

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd