What would be the depreciation expense

Assignment Help Accounting Basics
Reference no: EM133035420

Question - Endeavor Company purchased a depreciable asset for $1,200,000 in 1/1//2000.

The estimated salvage value is 200,000 the estimated useful life is 8 years, and the estimated productive hours is 10,000 hours. Endeavor used the asset for 1,100 hours in 2000.

1) What would be the depreciation expense for 2001. Using sum of years didgeits method?

2) What would be the depreciation expense for 2002. Using double declining method?

3) What would be the depreciation expense for 2000. Using activity method?

Reference no: EM133035420

Questions Cloud

Compare transfomational-transactional leadership theories : Compare and contrast transfomational and transactional leadership theories. Please provide the complete solution of this problem.
How intercultural and diverse teams function : Develop your understanding of how intercultural and diverse teams function, and how you can use this knowledge to help them develop into high performing teams
What terms come to mind when you think about finance : Please tell the class about yourself and your educational or professional background. What terms or concepts come to mind when you think about finance
What is the project npv : Sub-Prime Loan Company is thinking of opening a new office, and the key data are shown below. The company owns the building that would be used, and it could sel
What would be the depreciation expense : Endeavor used the asset for 1,100 hours in 2000. What would be the depreciation expense for 2001. Using sum of years didgeits method
Human resource management in american companies : Write an essay on the following question. What are the main provisions of the Americans with Disabilities Act
Test the appropriate hypotheses : Use the data below, showing a summary of highway gas mileage for several observations, to decide if the average highway gas mileage is the same for midsize cars
Show the trading account for the month ended january : The purchases during the month of January consisted of 800 at RM4.20 each purchased on 8 January, Show the trading account for the month ended January
Briefly discuss agglomeration economics : Briefly discuss agglomeration economics using the case of either Panama Canal or Silicon Valley.

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd