User Account

All Pages

What will accumulated depreciation for equipment on december

Assignment Help Financial Accounting
Reference no: EM132518478

Question 1: On January 1, 2016, the company purchased equipment for $ 22,000. The company uses the straight-line method over its 4-year useful life. Assuming that the residual value of the asset is $ 2,000, what will be the accumulated depreciation for this equipment on December 31, 2019?

Option a. 20,000 $

Option b. 5,000 $

Option c. 10,000 $

Option d. 15,000 $

Reference no: EM132518478

Questions Cloud

Find what is total shareholders equity at the end : What is total shareholders' equity at the end of 2019? Golden Gophers, Inc. (GG) was established on January 1, 2019. GG was authorized to issue 1 million shares
Describe the challenges associated with big data analytics : For this assignment, you are required to research the benefits as well as the challenges associated with Big Data Analytics for Manufacturing Internet of Things
Money supply in the economy : Given everything else unchanged, how does this affect money supply in the economy? Explain.
What will be the depreciation expense that must be recorded : Using units of production method, what will be the depreciation expense that must be recorded at the end of the second year ?
What will accumulated depreciation for equipment on december : Assuming that the residual value of the asset is $ 2,000, what will be the accumulated depreciation for this equipment on December 31, 2019?
Define different forms of technology that assist in teaching : Using your mini-assignment, give two different forms of technology that assist in teaching, reinforcing, or assessing learning in your classroom.
Does transport add value in the supply chain : In your view, does transport add value in the supply chain? End your initial response with a follow-up question for your classmates to address discussion
Public leadership and diversity : Define what is a public leader? Determine role of public leadership in influencing the operations of public organizations and decisions of public administrators
Emerging technologies and information systems : Create a written report that will review/ examine appropriate information system solutions relevant for an organization within an industry.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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