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

  Which ones would need adjustments on a trial balance

which ones would need adjustments on a trial balance, Accounts receivable, prepaid insurance, prepaid postage

  A kubota tractor acquired on january 9 at a cost of 75000

a kubota tractor acquired on january 9 at a cost of 75000 has an estimated useful life of 20 years. assuming that it

  How does actual tax liability affect the financial statement

How does actual tax liability affect the financial statements? How do property dividends affect the shareholders

  Discussion Question - Tax consequences of distributions

Discussion Question - Tax consequences of distributions. Compare the tax consequences to the shareholder and the distributing corporation

  Journalize the entries for the transmission and GPS system

On February 14, Garcia Associates Co. paid $2,300 to repair the transmission on one of its delivery vans. Journalize the entries for transmission and GPS system

  Contribute 5500 to a non-deductible traditional ira or

1.karen is single and is an active participants in her employer retirement plan. she contributed 5500 the maximum

  Prepare the income statement and an owner equity statement

Prepare the income statement and an owner's equity statement for March and a classified balance sheet at March 31. Create adjusted trial balance

  Briefly explain the shapley value method

Revenue allocation, bundled products. Couture Corp sells Samsung 7 cases. It has a Men's Division and a Women's Division.

  Compute the amount of factory overhead

During the month of February 2019, actual direct labor hours of 8,300 were incurred. Use this information to compute the amount of factory overhead

  Kristen deposits 5000 in the bank at the endof each year

kristen deposits 5000 in the bank at the endof each year for five years. how much money will she have in thebank at the

  What is the taxable interest of this interest-free loan

Assume that the applicable federal rate of interest is 5%. What (if any) is the taxable interest of this interest-free loan

  Tim business accounting records incorrectly

The correct amount of cheque # 267 is $340, but it was recorded as a cash disbursement of $430. The cheque was issued to pay for inventory purchased. The cheque was written correctly and appeared on the bank statement correctly it was just reco..

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