What is the total depreciation charge

Assignment Help Accounting Basics
Reference no: EM133019041

Question - A business buys a machine for £19,350 and estimates its residual value at £2,219. It is depreciating the asset over a four?- year period by the? straight-line method. What is the total depreciation charge after three years have elapsed from the purchase? date?

Reference no: EM133019041

Questions Cloud

What is the figure for inventories held at the end of year : Degas PLC has the following ratios for the current? year: Current ratio? 1:1. What is the figure for inventories held at the end of the? year
What two motivation theories she displays : What's Jean Liu's motivation to propel her company to success.
Slavery and the link to chocolate : According to this case "Slavery and the Link to Chocolate" my question is what are the alternatives?
Describe the integrated marketing system : Note: Please sure don't make copies from internet sources, you take ideas and write in own words.
What is the total depreciation charge : A business buys a machine for £19,350 and estimates its residual value at £2,219. What is the total depreciation charge
Benefits and privileges of the personal freedoms : Who was entitled to the benefits and privileges of the personal freedoms, political rights, and economic opportunities during this time period and what criteria
How much is the proceeds from the discounting : On July 1, 2021, Karrie Co. discounted an P800,000, 90 day, 12% note received from a customer on June 1, 2021, How much is the proceeds from the discounting
What is the balance on the revaluation surplus : On 1 January 2020, the building was revalued to P1,600,000. What is the balance on the revaluation surplus at 31 December 2020
What is the effective monthly rate : Draw the timeline and show the cash flows for each option. What is the effective monthly rate if you pay by the monthly plan

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the default risk premium on the corporate bond

Assume that the liquidity premium on the corporate bond is 0.5%. What is the default risk premium on the corporate bond

  Why the three step top down security analysis approach used

Explain how an investor identifies his / her optimal portfolio. What specific information does an investor need to identify optimal portfolio?

  How much will his tax liability increase

The cutoff between 15% and 22% is $33,950. How much will his tax liability increase if he accepts the raise

  Create recommendation to the vice-president of operations

Serenity Spa Vacations Inc. Use the CPA Way to assess this situation and make a recommendation to the vice-president of operations of SSV.

  How to record the transaction which occured consecutively

How to record the transaction which occured consecutively. A total cash dividend of $90,000 was declared and payable to stockholders of record.

  What is the price of the right

he offer is a three-for-10 pro-rata issue of ordianry shares at $2.60 per share. What is the price of the right? And what is theoretical ex-rights share price

  Make the difference between getting the loan and not

The Laurel Co. is owned and operated by Paul Laurel. The following is an excerpt from a conversation between Paul Laurel and Maria Fuller, the chief accountant for The Laurel Co.: Paul: Maria, I have a question about this recent balance sheet. Maria:

  How much durant afford to spend on variable cost per unit

How much can Durant afford to spend on variable cost per unit if production and sales equal 50,000 phones?

  Bowman company produces products c j and r from a joint

bowman company produces products c j and r from a joint production process. each product may be sold at split-off or

  What is the margin of safety for Jakarta and Maldives

Jakarta Company is a service firm with current service revenue of $500,000 and a 30% contribution margin. What is the margin of safety for Jakarta and Maldives

  Differences between absorption costing and variable costing

There are several ways a company can allocate overhead costs to products produced or services provided. Two of these methods are absorption costing.

  A company specialising in the provision of telephone

a company specialising in the provision of telephone systems for commercial clients. there are two parts to the

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