Reference no: EM13136666
determining the effet of deprecitaion expense in financial statements.
Three different companies each purchased a mcahine on January 1, 2012 for 54,000. Each machine was expected to last five years or 200,000 hours, salvage walue was esitmated to be 4,000. All three machines were opereated for 50,000 hours in 2012, 55,000 hours in 2013, 40,000 hours in 2014, 44,000 hours in 2015, and 31,000 hours in 2016. Each of the three compaines earned 30,000 of cash revenue during each of the five years. COmpany A uses straight line depreciation, company B uses double decling- balance depreciation and company C uses units of productions depreciation.
Answer each of the following questions. ignore the effects of income taxes.
a. which company will report the highest amount of net income for 2012?
B. which company will report the lowest amount of net income for 2014?
C. which company will report the highest book value on the December 31, 2014, balance sheet?
D which company will report the highest amount of retained earnings on the December 31, 2015 balance sheet?
e. which company will report the lowest amount of cash flow from operating activties on the 2014 satement of cash flows?
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Which company will report highest amount of net income
: Three different companies each purchased a mcahine on January 1, 2012 for 54,000. Each machine was expected to last five years or 200,000 hours, salvage walue was esitmated to be 4,000. which company will report highest amount of net income for 2..
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: If the safety commission determines that an elevator design is safe if its operating load is exceeded less than 0.05% of the time, does this prototype meet these saftey guidelines?
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