Solution-What was the depreciation

What was the depreciation

Reference no: EM132733661

Question - Bee Company uses the composite method of depreciation and has a composite rate of 25%.

During 2005, it sold assets with an original cost of P100,000 and residual value of P20,000 for P80,000 and acquired P60,000 worth of new assets with residual value of P10,000. The Total cost 250,000

Total residual value 30,000

The above original group includes the assets sold in 2005 but not the assets purchased in 2005.

What was the depreciation in 2005?

A. 62,500

B. 52,500

C. 47,500

D. 46,500

Reference no: EM132733661

Questions Cloud

What was the total return in dollars : An investor purchases one share of stock for $50. After one year, they sell the share for $55. What was the total return in dollars

Identify a historical figure in the philippines : Identify a historical figure in the Philippines whom you consider a highly effective leader. Use the Internet to find two or three sites

Prepare journal entries to record sales : Industry statistics suggest that 10% of the merchandise Boy to customers will be returned. Prepare journal entries to record sales

Explain the japanese decision making procedure : What is the use of non-verbal behavior for various cultural backgrounds. How does this effect negotiation process? Explain Japanese decision making procedure.

What was the depreciation : Bee Company uses the composite method of depreciation and has a composite rate of 25%. What was the depreciation in 2005

Describe the virulence factors for giardia and rotavirus : Describe the virulence factors for Giardia and rotavirus?

What will be balance in the allowance for doubtful accounts : If the company estimates that 8% of its outstanding receivables will be uncollectible, what will be the balance in the allowance for doubtful accounts

List the independent and dependent variables : Dehydration, or removal of water, has been a long-practiced way of reducing bacterial growth and thereby a method of food preservation.

What was the amount of cash provided by operating activities : During 2020 the Cullumber Company had a net income of $85200. What was the amount of cash provided by operating activities

User Account

All Pages

What was the depreciation

Reference no: EM132733661

Reference no: EM132733661

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT