What the depreciation expense

Assignment Help Accounting Basics
Reference no: EM132975273

Problem - On January 1, 2019, Carla Vista Corporation acquired equipment at a cost of $795000. Carla Vista adopted the sum of the years' digits method of depreciation for this equipment and had been recording depreciation over an estimated life of 8 years, with no residual value. At the beginning of 2022, a decision was made to change to the straight-line method of depreciation for this equipment. What the depreciation expense for 2022?

Reference no: EM132975273

Questions Cloud

Analyze hr strategic initiatives of managing hr globally : Analyze HR strategic initiatives of managing HR globally, diversity and inclusion, risk management, and social corporate responsibility that impact organization
Prepare the sales budget for Sinclair Company : Youth Size: Sales price $11, June 475, July 450, August 675. Prepare the sales budget for Sinclair Company for the three months
How much cash would be distributed to C : Shortly thereafter, assets with book value of P55,000 and a fair value of P63,250 were distributed to A. How much cash would be distributed to C
Provide a brief history of the hr function : Provide a brief history of the HR function (i.e., not more than 1 page), and research regarding a specific organization of your choice that has successfully
What the depreciation expense : A decision was made to change to the straight-line method of depreciation for this equipment. What the depreciation expense for 2022
Define the term code of conduct : Who do you recommend within the organization assist with the final development and creation of the employee handbook and why?
Why ethical responsibilities go beyond legal compliance : 1. Explain why ethical responsibilities go beyond legal compliance. 2. Describe the difference between normative and descriptive ethical theories.
What are the estimated retain earnings : The controller has estimated that over the next year, gross profit will be 360,700, What are the estimated retain earnings
Developing a new project titled proj-a : You are a general manager in the company, and you have been tasked with developing a new project titled Proj-A that can demonstrate capabilities to travel at li

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the npv of the purchase

Company XYZ is considering the purchase of a $500,000 MRI machine this year (Year 0). What is the NPV of the purchase

  What was cash inflow or outflow from investing activities

In preparation for developing its statement of cash flows for the year just ended, D-Rose Distributors collected the following information

  How would you develop the sales budget

If bonuses are based on the sales, you as the sales manager want to ensure you and your team will receive the maximum bonus. How would you develop sales budget

  What rate of return did earn on her investment

Last year, Julie Johnson bought one share of common stock for $950. During year, Julie received a $47.50 dividend. What rate of return did earn on investment

  Current liability

Which of the following accounts is NOT classified as a current liability?

  Explain the nature of the selected organisations business

You can select from any articles, journals and any websites. Briefly explain the nature of the selected Organisations' business

  Differences between absorption and contribution income

Explain the main differences between the absorption and contribution (behavioral, variable) income statements

  The following stockholders equity accounts arranged

the following stockholders equity accounts arranged alphabetically are in the ledger of southern corporation at

  How much profit share will d receive

The partners, C and D, share profits 3:2. Assuming C's bonus iscomputed on profit after deducting said bonus, how much profit share will D receive?

  Find how many shares of common stock are outstanding

December 31, 2015, describe the resulting change, if any, in the balances in capital stock accounts and the par value of the common stock.

  What would you pay for the following bond coupon 8

what would you pay for the following bond coupon 8 required yield 5 over the risk-free rate remaining term 12 years. at

  Perform the three steps to record the transactions

Jul 12 Borrowed $7,000 cash,signing a note payable. Identify and perform the three steps to record the previously described transactions

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