What would that entry be for year three

Assignment Help Accounting Basics
Reference no: EM133144552

Question - A manufacturer of smartphones purchased a robot to assist with assembly on January 1, Year 1, for $400,000. The robot has an estimated life of six years and no salvage value. The company uses the sum-of-years'-digits method for depreciation. If the company makes only one entry for depreciation at year-end, what would that entry be for Year 3?

Reference no: EM133144552

Questions Cloud

What size of the deposit Peter makes while he is saving : He saves for 8 years, and then converts his savings into an annuity that pays him $440 at the beginning of each months. What size of the deposit Peter makes
What is meant by an easement : What is meant by an easement? Give examples, and explain why an easement is called a lesser interest in land.
Critical and creative thinking concepts : Explain how critical and creative thinking concepts and approaches can be applied in a workplace context.
What is an agency relationship : What is an agency relationship? When you first begin operations, assuming you are the only employee and only your money is invested in the business, would any a
What would that entry be for year three : A manufacturer of smartphones purchased a robot to assist with assembly on January 1, Year 1, for $400,000. What would that entry be for Year three
Downloading an ei personal assessment : Prepare to develop your emotional intelligence by selecting and downloading an EI personal assessment. Assess your strengths and weaknesses.
Create new understandings : You are seeking to create a collaborative dialogue - to deepen understanding of each other and so you need to go beyond ‘agreement'. If all you do is ‘agree'
Describe the industry in which uber technologies operates : Briefly describe the industry in which Uber Technologies operates. Give a brief overview of Porter's Five Forces.
Research on ethical challenges of uber : What libraries and databases did you use to perform your research on the ethical challenges of Uber?

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