Saturday
April 19, 2014

Homework Help: accounting

Posted by T Smith on Sunday, June 3, 2012 at 2:59pm.

James, Inc. discovered that equipment purchased three years ago for $600,000 will not last as long as originally estimated. The firm was depreciating the equipment at the rate of $80,000 per year with an estimated salvage value of $40,000. New estimates indicate that the equipment will last a total of five years with no salvage value. How much should James Inc. record as depreciation in year four?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Accounting - How would I record this on the "Journal Entry" and at what amount? ...
accounting - Analyze and record, in the form of T Accounts, Mr. James' ...
Account - Use the following identification codes to indicate the effects of each...
Accounting - A piece of equipment is purchased on May 1, 2007 for $80,000 and ...
Accounting - On January 1, 2006, Mythical purchased some office equipment, ...
math - Part 1 : Store equipment is purchased on January 1, 2002 at a cost of $14...
History - How long ago did the first human culture, involving villages and a ...
Biology - PLEASE HELP!!!! 1. How many millions of years ago did sharks first ...
accounting - 1-On May 1, 2012, Pinkley Company sells office furniture for $150,...
Accounting - On July 15, 2009, Travis purchased some office furniture for $20,...

Search
Members