User Account

All Pages

What would be the depreciation expense for the second-year

Assignment Help Accounting Basics
Reference no: EM132628318

Question 1: The difference between the balance of a plant asset account and the related accumulated depreciation account is termed

a. market value.

b. contra asset.

c. book value.

d. liability.

e. none of the options listed

Question 2: 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?

a. $ 500.

b. $ 800.

c. $ 864.

d. $1,000.

e. $1,080.

Question 3: Which of the following is not an activity listed in the statement of cash flows?

a. Investing Activities

b. Funding Activities

c. Operating Activities

d. Financing Activities

e. None of the options listed

Reference no: EM132628318

Questions Cloud

What is the importance of the distinction : What are the characteristics of individualistic and collectivistic cultures? What is the importance of this distinction, and what are the outcomes.
What makes people think they can survive their own death : What makes people think they can survive their own death? What mistake are they making?
What was the company net income or loss for the period : $75,000 in owner's capital, and the owner withdrew $30,000 during the period for personal use. What was the company's net income or loss for the period?
Basic difference between ethics and aesthetics : What's the basic difference between ethics and aesthetics?
What would be the depreciation expense for the second-year : A company purchased a POS, What would be the depreciation expense for the second-year of its useful life using the double-declining-balance method?
Compute the couple adjusted gross income on a joint return : In 2019, they received $12,000 in Social Security benefits and $35,000 in taxable pension benefits and interest. Compute the couple adjusted gross income
Did your findings change your perception about intervention : Did your findings change your perception about the intervention? Would you choose to use this intervention with your client in the case study based.
Discuss sustainable development report of selected company : Address various aspects of sustainability and environmental reporting. Select any company from industries that have adverse effect on environment due to their
Calculate the value of inventory at the lower of cost : A company normally sells it products for $20, Replacement cost has now fallen to $13 per unit. Calculate the value of inventory at the lower of cost or market.

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