What would be the depreciation expense for the second-year

Assignment Help Accounting Basics
Reference no: EM13136953

A company purchased a POS cash register on January 1 for $5,400. This register has a useful life of 10 years and a salvage value of $400. What would be the depreciation expense for the second-year of its useful life using the double-declining-balance method?

Reference no: EM13136953

Questions Cloud

Listen to a musical or dramatic performance : Tasks:1. Watch a movie, a 60-minute TV show, 60 minutes of a news/commentary show, or two sitcoms, read an entire newspaper, re-familiarize yourself with a favorite book (fiction or non-fiction), listen to a musical or dramatic performance (live or r..
Determine the market value of the clothing : You have an an inventory of women's clothes and also inventory of Hi-Tech equipment like Ipods or cell phones. You are like Walmart. You are nervous in that noone is buying certain woman's clothing in your stock and also noone is buying some of yo..
Why was there a need to require companies to prepare : When we already have the income statement and balance sheet to tell us about the financial performance and financial health of a company, why was there a need to require companies to prepare a statement of cash flows?
Confidence interval-mean efficiency of given batch motors : Determine a 95% confidence interval for the mean efficiency of a given batch of motors. If we want to cut the confidence interval by 1/3, how many motors should be tested?
What would be the depreciation expense for the second-year : A company purchased a POS cash register on January 1 for $5,400. This register has a useful life of 10 years and a salvage value of $400. What would be the depreciation expense for the second-year of its useful life using the double-declining-bala..
What amount should garfun report as consolidated diluted : Assume a tax rate of 30 percent. what amount should Garfun report as the consolidated diluted earnings per share?
Investigate : Suggest five objectives (key result areas) against which you would be able to evaluate any recommendations you made to either retain the current strategy or change it in a particular direction.
Determine the mass of rectangular solid : The dimensions of a rectangular solid are 8.45 cm long, 4.33 cm wide and 2.85 cm high. If the density of the solid is 9.43 g/cm3, then determine the mass?
Describe gasb requirements for accounting for investment : Describe GASB requirements for accounting for Investment Trust Funds, A discussion of when the use of investment trust funds is appropriate.

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