User Account

All Pages

What should the depreciation expense in respect

Assignment Help Accounting Basics
Reference no: EM132876232

Question - A company acquired machinery at 1 Jan X5 at a cost of £30,000. The machinery had an expected useful life of 10 years and a residual value of £2,000. On 1 Jan X8, the remaining useful life of the machinery was reviewed and estmated at 5 years, the expected residual value was still £2,000. What should the depreciation expense in respect of this machinery for the year ending 31 Dec X8?

Reference no: EM132876232

Questions Cloud

What is the balance in the share premium account : The entity used the par value method of recording treasury shares. What is the balance in the share premium account arising from treasury share transaction
What is the importance of meaning in psychotherapy : An introduction to logotherapy, How do you see yourself using this perspective in therapy with a client suffering from oppression in their everyday life?
Conduct a skills analysis : List the different methods you could use to conduct a skills analysis.
Describe the systems : Describe the systems. Discuss what it would be like doing business in each of the countries. Include political risks.
What should the depreciation expense in respect : A company acquired machinery at 1 Jan X5 at a cost of £30,000. What should the depreciation expense in respect of this machinery
Which areas do think will be most challenging working : Which areas do you think will be most challenging working as a consultant? Describe which area is your greatest challenge now and how you are managing.
Technology implementation in the public sector : A public owned company decided to implement a technological project to make their services more effective. Changes were related to a new information technology
What is the amount of the goodwill : WHAT IS THE AMOUNT OF THE: Goodwill arising from the consolidation if it is to be computed using the proportionate basis or "Partial Goodwill"
What the important dimensions of quality : Construct a House of Quality to provide the organization with your perspectives on what the important dimensions of quality.

Reviews

Write a Review

Accounting Basics Questions & Answers

  A lawn care company stated business on january 1 2012 the

a lawn care company stated business on january 1 2012. the company billed clients 105000 for lawn care services

  What is the correct amount of petty cash fund

The petty cash fund was established for an amount of P10,000. What is the correct amount of petty cash fund at December 31, 2019

  Journalize the entries required on February

The market price of the stock was $94 per share on February 8. Journalize the entries required on February 8, March 10, and April 11

  A companys current net operating income is 26000 and its

a companys current net operating income is 26000 and its average operating assets are 148000. the companys required

  What is the required external financing over the next year

What is the required external financing over the next year.Both current assets and accounts payable are projected to rise in proportion to sales.

  What is the amount of the company net income or loss

Annapolis Corporation's trial balance included debits to expense accounts of $125,000, what is the amount of the company's net income or loss

  How these reversing entries post it to ledger meaning tosay

how these reversing entries post it to ledger? meaning tosay to have balance cf and balance bd in t-account. response

  Prepare the adjusting entry to record the bonds

Prepare the adjusting entry to record the bonds at fair value at 7/31/17. The Fair Value adjustment account has a credit balance of $1,000 prior to adjustment

  Prepare an income statement for year starting with income

Prepare an income statement for the year 2017 starting with income from continuing operations before taxes. Compute earnings per share

  Advise brianna smith of what deductions may be claimed

Advise Brianna Smith of what deductions may be claimed (if any) for the year ending 30 June 2020 in respect of the above expenditure

  Develop a series of newspaper ads

For each of the following events, identify whether it is an external event that would be recorded as a transaction (E), an internal event that would be recorded as a transaction (I), or not recorded (NR).

  Compute the adjusted income from rent source

En Hafiz received RM900 per month for his house rented out since 2001. Compute the adjusted income from rent source for the YA 2015

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