User Account

All Pages

What will be the depreciation on the building

Assignment Help Accounting Basics
Reference no: EM133003688

Question - The Seliger Company has a building that it originally bought for $100,000.  As of December 31, 2012, there is $10,000 of Accumulated Depreciation on the building (it was being straight-line depreciated over 10 years with no salvage value). On January 1, 2013, Seliger decides to change the remaining useful life to 5 years (starting now) with a $50,000 salvage value. What will be the depreciation on the building in 2013?

Reference no: EM133003688

Questions Cloud

What rate have sales been growing : Sawyer Corporation's 2015 sales were sales were $11 million. It's 2010 sales were at $5.5 million. At what rate have sales been growing?
Examine the internal and external business environment : Understand and demonstrate academic integrity and authentic engagement with information and Examine the internal and external business environment
What amount should barger report each item : What amount should Barger report each item? Barger Enterprises has an unusual or infrequent loss of $300,000, an unusual gain of $700,000.
Which the individual customer account balances : Which the individual customer account balances that comprise the accounts receivable general ledger balance can be found in the accounts receivable
What will be the depreciation on the building : The Seliger Company has a building that it originally bought for $100,000. As of December 31, 2012, What will be the depreciation on the building
Business communication technologies in preparation : Demonstrate these abilities in the context of business communication technologies in preparation for your professional practice
What is worthy net cash flow from operating activities : What is Worthy's net cash flow from operating activities? The company uses indirect method. Worthy Company's financial statements show a net income of $540,000.
Find the annual amount of depreciation expense : Farmer Company purchased equipment on January 1, Year 1 for $82,000. Find the annual amount of depreciation expense
Which is true about the balance sheet columns : Which is true about the balance sheet columns on the accouting worksheet? the balance sheet columns do not include adjusted account balances

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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