What would be the depreciation expense for the second-year

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.

User Account

All Pages