User Account

All Pages

What is the units-of-production depreciation

Assignment Help Accounting Basics
Reference no: EM132606184

Question - An ice machine was purchased for Php80,000 with no residual value and a life of 500 tonnes. During the period of March to May, the machine produced 75 tonnes of ice. What is the units-of-production depreciation during the said period?

Reference no: EM132606184

Questions Cloud

Simplify the process of buying and selling : How does the existence of money simplify the process of buying and selling?
What is the amount of the required adjustment to allowance : If the Allowance for Doubtful Accounts had a $1,844 debit balance on July 29, what is the amount of the required adjustment to the Allowance on July 31?
What is the quantity of money in the economy : In the Namibian economy, the commercial banks have deposits of N$600 billion. Their reserves are N$60 billion. All reserves are in deposits with the Bank of Nam
How much is the net book value on the third year : For a double declining depreciation schedule for a truck that was purchased for Php5M, How much is the Net Book Value on the THIRD year
What is the units-of-production depreciation : During the period of March to May, the machine produced 75 tonnes of ice. What is the units-of-production depreciation during the said period
Review the hill-burton article : Review the Hill-Burton article above under the "Review" section. Then, research newspaper articles that were written just before, during
How much is the amount of payment : To start a pastry business for the coming yuletide season, you took a loan of Php 25,000. How much is the amount of payment
How much is the interest payment for this loan : To start an RTW business, you took a loan of Php50,000. How much is the interest payment for this loan on the third year (using amortization)
Discuss the positioning approach used by benihana : Assuming you are interested in creating a restaurant that would compete with Benihana, describe your restaurant, beginning with the product

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the international integrated reporting council

What is the International Integrated Reporting Council and what is its purpose? Explain two cost savings that SABMiller reported in 2015 sustainability report.

  Measurement and basis of accounting

Question 1. Fiduciary funds are to use which of the following measurement and basis of accounting?

  What amount should the city credit the encumbrances

The city receives the sedans along with an invoice for $ 104,000. With what amount should the city credit the Encumbrances account?

  Explain the rationale for recognizing costs as expenses at

an accountant must be familiar with the concepts involved in determining earnings of a company. the amount of earnings

  How has erp increased the responsibilities of customer

How has ERP increased the responsibilities of customer service representatives?

  Prepare journal entries to record the transactions

Lourdes Yabar opened a computer repair business on May 1, 2016. Prepare journal entries to record the above transactions

  Compare the direct and indirect costs with example

In order to complete this assignment, refer to the scenario from Assignment 1, as well as to the scenarios and readings from previous weeks.

  Calculate Andre cost recovery deduction

Question - Andre acquired a computer on March 3, 2019, for $17,400. Calculate Andre's cost recovery deduction for the computer for tax years 2019 and 2020

  Appropriate use of a single plant wide rate

Which of the following should not be used as the allocation base in a company that appropriately uses a single plant wide rate?

  Depreciation computations syd pippen company purchased

This schedule shows that $60,000 will be depreciated for a particular calendar year. Show calculations to determine for what particular year the depreciation amount for this asset will be $60,000.

  Prepare an income statement for the year

Prepare an income statement for the year 2017 using the multiple-step form. Common shares outstanding for 2017 total 40,550 (000 omitted)

  Journalize the entry to record the first interest payment

Journalize the entry to record the first interest payment on October 1, 2016, and amortization of bond premium for six months, using the straight-line method

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