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September 2, 2014

Search: St. line depreciation & salvage value

Number of results: 26,948

Straight-line Depreciation
Please how do i calculate this problem. An asset was purchased for $150,000. It had an estimated salvage value of $30,000 and an estimated useful life of 10 years. After 5 years of use, the estimated salvage value is revised to $24,000 but the estimated useful life is ...
December 3, 2009 by Peaches

programming
3. Your company needs to depreciate its assets. The accountant wants to record the purchase price, the useful life, and the estimated salvage value. Your program should be able to depreciate by the straight-line method. For example, a computer system was purchased for $25,000...
February 15, 2013 by tina

Accounting
ABC company purchased machine for $300,000 that had a useful life of 5 years, with a salvage value of $50,000 at the end its life. Depreciation was calculated over 2 years on straight-line basis. In 20X2, it determined that the total life should be 10 years with the salvage ...
November 10, 2012 by Frank

accounting
How do i calculate this problem. An asset was purchased for $150,000. It had an estimated salvage value of $30,000 and an estimated useful life of 10 years. After 5 years of use, the estimated salvage value is revised to $24,000 but the estimated useful life is unchanged. ...
December 3, 2009 by Peaches

Accounting
In 20X0, ABC company purchased machine for $300,000 that had a useful life of 5 years, with a salvage value of $50,000 at the end its life. Depreciation was calculated over 2 years on straight-line basis. In 20X2, it determined that the total life should be 10 years with the ...
November 9, 2012 by Angie

accounting
1-On May 1, 2012, Pinkley Company sells office furniture for $150,000 cash. The office furniture originally cost $375,000 when purchased on January 1, 2005. Depreciation is recorded by the straight-line method over 10 years with a salvage value of $37,500. What depreciation ...
February 25, 2013 by miley

Accounting
A truck was purchased for $25,000. It has a six-year life and a $4,000 salvage value. Using straight-line depreciation, what is the asset’s carrying value (book value) after 2 years?
May 5, 2013 by Harriett

Business Math
(DEPRECIATION SCHEDULE E) E.Office furniture for a set of executive suites costs $12,000.00 and should be replaced after 5-years. The salvage value is $3,000. Prepare a depreciation schedule using a double-declining balance rate for the system. It should include the following...
October 6, 2007 by NelsonJ

St. line depreciation & salvage value
A USED CONCRETE PUMPING TRUCK CAN BE PURCHASED FOR 125,000 DOLLARS. THE OPERATING COST ARE EXPECTED TO BE 65,000 DOLLARS AT THE FIRST YEAR & INCREASE BY 5% EACH YAER THEREAFTER. AS A RESULT OF THE PURCHASE, THE COMPANY WILL SEE IN INCREASE IN INCOME OF 100,000 DOLLARS THE ...
February 6, 2010 by rk

St. line depreciation & salvage value
A used concrete pumping truck can be purchased for 125,000 dollars. The operating cost are expected to be 65,000 dollars at the first year & increase by 5% each yaer thereafter. As a result of the purchase, the company will see in increase in income of 100,000 dollars the ...
February 6, 2010 by rk

Accounting
Identify each statement as true or false. If false, indicate how to correct the statement. 1. Depreciation is a process of asset valuation, not cost allocation. 2. Depreciation provides for the proper matching of expenses with revenues. 3. The book value of a plant asset ...
April 2, 2012 by Casey

Financial Accounting
Hi, Sorry for this format, it's kind of hard to read, but I'm supposed to journalize these transactions and I can't get June 30th and Dec. 31st to work out correctly. I would greatly appreciate any help. Thanks! Jan. 1 Retired a piece of machinery that was purchased on January...
November 5, 2007 by Jen

accounting
On January 1, 2004, Carnival Shipping bought a machine for $1,500,000. At that time, this machine had an estimated useful life of six years, with no salvage value. As a result of additional information, Carnival determined on January 1, 2007, that the machine had an estimated ...
April 28, 2009 by sasha

Tax Accounting
Mike purchases a heavy-duty truck (5-year class recovery property) for his delivery service on April 30, 2010. The truck is not considered a passenger automobile for purposes of the listed property and luxury automobile limitations. The truck has a depreciable basis of $39,080...
June 1, 2013 by Anonymous

federal tax
Carl bought a heavy-duty truck (5-year class recovery property) for his business service on April 30. The truck is not considered a passenger automobile for purposes of the listed property and luxury automobile limitations. The truck has a depreciable basis of $39,080 and an ...
March 1, 2010 by bree

Math
An asset is purchased for$50,000.It has an estimated useful life of 12 years and a salvage value of $5,000. What is the annual depreciation of the asset using the straight-line method?
July 7, 2009 by Kara

Intermediate Accounting
Gerald Engle hart Industries changed room the double-declining balance to the straight-line method in 2008 on all its plant assets. There was no change in the assets' salvage values or useful lives. Plant assets, acquired on January 2, 2005, had an original cost of $1,600,000...
February 7, 2010 by Jeniffer

Algebra
A light truck is purchased on January 1 at a cost of $19,000. It is expected to serve for five years and have a salvage value of $1,000. Calculate the depreciation expense for the first and third years of the truck's life using the following methods: Depreciation Expense Year ...
August 16, 2013 by Trish

accounting
A light truck is purchased on January 1 at a cost of $27,000. It is expected to serve for eight years and have a salvage value of $3,000. Calculate the depreciation expense for the first and third years of the truck's life using the following methods. If required, round your ...
February 28, 2014 by amber

accounting-depreciation
state-of-the-art MRI machine to be purchased on 01-01-09 for a cost of $1,250,000 with a useful life of 6 years and an expected salvage value of $35,000. I need to calculate depreciation for the entire 6 year period using SL, SYD, DDB, and MARCS. For SL and SYD, calculate and ...
October 9, 2008 by idk

Business Math
(DEPRECIATION SCHEDULE A) A. A $1200 postage printing system depreciated using the straight-line method over 4-years. In your depreciation schedule, give the following information for each year: 1.The year's depreciation 2.The accumulated depreciation 3.The year's end-of-book...
October 6, 2007 by NelsonJ

accounting
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 ...
June 3, 2012 by T Smith

Accounting Concepts
To close the accounting cycle for Joe Smith's business, complete the following: Journalize and post the adjusting entries for Joe's business. Make the following adjusting entries: (Note: you may need to create additional ledger accounts) Adjustment for expired insurance ...
August 8, 2009 by Brenda

Finance
Calculate the double-declining balance depreciation schedule for a $2,000 item that will last five years. What is the estimated salvage value?
August 3, 2012 by Heike

financial accounting
eckman company purchased equipment for $80,000 on january 1,2011 and will use the double declining balance method of depreciation. it is estimated that the equipment will have a 5 year life and a $4,000 salvage value at the end of its useful life. the amount of depreciation ...
November 19, 2012 by daniel

Business Math
Jim Company bought a machine for $36,000with an estimated lofe of 5 years. The residual value of the machine is $6,000 Calculate (a) the annual depreciation and (b) the book value at the end of year 3. Assume straight-line depreciation
December 20, 2012 by Jean

Finance
What's the net present value (NPV) of this replacement project? The old equipment has a book value of $200,000 (year 0) and a current salvage value of $300,000 (year 0). It is being depreciated on a straight-line basis. It has four more years of depreciation left ($50,000 in ...
April 11, 2010 by Herb

Business
What is the net present value (NPV) of this replacement project? The old equipment has a book value of $200,000 (year 0) and a current salvage value of $300,000 (year 0). It is being depreciated on a straight-line basis. It has four more years of depreciation left ($50,000 in ...
April 11, 2010 by Herb

Accounting
Sierra Company is considering a long-term investment project called ZIP. ZIP will require an investment of $121,200. It will have a useful life of 4 years and no salvage value. Annual revenues would increase by $79,180, and annual expenses (excluding depreciation) would ...
July 15, 2012 by Francesca

finance
Wheel Industries is considering a three-year expansion project. The project requires an initial investment of $1.5 million. The project will use straight-line depreciation method. The project has no salvage value. It is estimated that the project will generate additional ...
April 5, 2012 by Anonymous

Math
An asset is purchased for $50,000. It has an estimated useful life of eight years and salvage value of $6,000.if the asset is depreciated using the double-declining balance method,what are the depreciation expense and book value at the end of year two?
July 9, 2009 by Kara

Math
A delivery truck is purchased for $38,000 has a salvage value of $6,000 and is depreciated using MACRS.what is the first-year depreciation expense?
July 9, 2009 by sally

Finance
Michigan Corporation purchased a new truck on January 1, 2013 for $55,000 cash. Michigan estimated salvage value of $10,000 at the end of the useful life of 5 years. On January 1, 2015 Michigan had to replace the engine of the truck paying $4,500 cash. Due to the replaced ...
December 11, 2012 by Renee

Bio Help Please
1)How can you indicate that the bacteria have taken up the plasmid? 2)What is the purpose of the LB/amp(-) plate? Should there be bacterial growth on the plate? 3) Why would one compare plates LB/amp (-) and LB/amp (+)?
March 30, 2013 by Melissa

Bio Help Please!!!
1)How can you indicate that the bacteria have taken up the plasmid? 2)What is the purpose of the LB/amp(-) plate? Should there be bacterial growth on the plate? 3) Why would one compare plates LB/amp (-) and LB/amp (+)?
March 31, 2013 by Melissa

Accounts
The following details relates to the two machines X and Y: Machine X Machine Y Cost Estimated Life Estimated salvage value Working Capital required in the beginning Rs. 56,125 Rs.56,125 5 years 5 years Rs. 3,000 Rs. 3,000 Rs.10,000 Rs. 20,000 Annual income after tax and ...
October 16, 2010 by Neeraj

accounting
Quayle Company acquired machinery on January 1, 2002 which it depreciated under the straight-line method with an estimated life of fifteen years and no salvage value. On January 1, 2007, Quayle estimated that the remaining life of this machinery was six years with no salvage ...
April 25, 2009 by Joseycat

accounts
Stuck Stucky purchased a new truck on July 1, 2005 at a cost of $20,000. The truck had a life of 7 years and salvage of $6,000.00. Using the straight-line method, record the following:- 1. The purchase on July 1, 2005 2. The Depreciation for 2005 3. What is the book value of ...
November 25, 2008 by jimmy

finance
how do we end up with salvage value if the item is depreciated the cost of the item either over a period of years or all in one year? How does salvage value work?
June 15, 2012 by jackie

business math
A delivery truck is purchased for $38,000, has a salvage value of $6,000 and is depreciated using MACRS. What is the first-year depreciation expense? (Points: 5) $4,578.80 $5,430.20 $7,600.00 $15,200.00
February 8, 2012 by T.

Math
The Tao Inc. purchased an asset for $170,000 with a salvage value of $8,500 have a useful life of four years. Find the depreciation expense for the first year using the 150% declining balance method.
November 10, 2009 by Jason

Math
The Tao Inc. purchased an asset for $170,000 with a salvage value of $8,500 have a useful life of four years. Find the depreciation expense for the first year using the 150% declining balance method.
November 10, 2009 by Mindy

ashworth
The Tao Inc. purchased an asset for $170,000 with a salvage value of $8,500 have a useful life of four years. Find the depreciation expense for the first year using the 150% declining balance method.
August 3, 2012 by kate

Finance
Wheel Industries is considering a three year expansion project. The project requires an initial investment of $1.5 million. The project will use straight line depreciation method. The project has no salvage value. It is estimated that the project will generate additional ...
April 22, 2010 by Shelly

finance
Consider a 2 yr project with initial fixed asset investment=$495,000, straight line depreciation to zero over the 2 yr life, zero salvage value, selling price =$39, variable costs=$20. fixed costs=$210,000, quantity sold=150,000 units, tax rate=31%. How sensitive is (OCF) to ...
August 17, 2008 by Tuty

accounting
jim reed manages a fleet of utility trucks for a rural county government. He's been in his job 30 years, and he knows where the angles are. He makes sure that when new trucks are purchased, the salvage is set as low as possible. Then, when they become fully depreciated they ...
November 25, 2011 by kim

business
In recent years, Juresic Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected the depreciation method for each bus, and various methods were selected. Bus Acquired Cost Salvage Value Useful Life ...
November 6, 2010 by vivian

math
In recent years, Juresic Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected the depreciation method for each bus, and various methods were selected. Bus Acquired Cost Salvage Value Useful Life ...
November 6, 2010 by vivian

calculus
a small business owner buys a truck for $20,000 to transport supplies for her business. She anticipates that she will use the truck for 5 years and that the truck will be worth $10,000 in 5 years. She plans to claim a depreciation tax credit using the straight-line ...
August 2, 2014 by Greg

ACCOUNTING
Same Day Service purchased a new steam press on January 1, for #35,000. It is expected to have a five year useful life and a $3,000 salvage value same day expects to use the steam press more extensively in the early years of its life. 1.Calculate the depreciation expense for ...
August 22, 2009 by yorkie16

biology
Which bacterial plates control for: 1) If the E. coli cells were transferred correctly: 2) If the E. coli cells can grow on LB: 3) If the Ampicillin is working correctly: 4) If the “stock” E. coli cells were contaminated with plasmid: Possible choices for each number are: "-"...
July 18, 2009 by Jenn

accounting
Timberly Construction negotiates a lump-sum purchase of several assets from a company that is going out of business. The purchase is completed on January 1, 2013, at a total cash price of $820,000 for a building, land, land improvements, and four vehicles. The estimated market...
August 8, 2014 by Jamie

Precalculus
A small business owner buys a truck for $20,000 to transport supplies for her business. She anticipates that she will use the truck for 5 years and that the truck will be worth $10,000 in 5 years. She plans to claim a depreciation tax credit using the straight-line ...
August 2, 2014 by kat

Accounting
I am trying to figure out if I am doing this accounting problem correctly? Old van was purchased 5 years ago at 20,000. estimated life was 5years with salvage value of 5,000. van has to have repairs enging and tranny for 4000 and will extend life of van by 5years. new tires ...
April 22, 2010 by smeffy

math
using problem 17-21 calculate the first 2 years depreciation assuming the units of production method. this machine is expceted to produce 120,000 units. in year 1 it produced 19,000 units and in year 2 38,000 units problem 17-21 Jim company bought a machine for $36,000 with an...
November 14, 2011 by Anonymous

math
using problem 17-21 calculate the first 2 years depreciation assuming the units of production method. this machine is expceted to produce 120,000 units. in year 1 it produced 19,000 units and in year 2 38,000 units problem 17-21 Jim company bought a machine for $36,000 with an...
November 17, 2011 by Anonymous

accounting
On January 1, 2006, Powell Company purchased a building and machinery that have the following useful lives, salvage value, and costs. Building, 25-year estimated useful life, $4,000,000 cost, $400,000 salvage value Machinery, 10-year estimated useful life, $500,000 cost, no ...
August 2, 2011 by Anonymous

Accounting
How would I record this on the "Journal Entry" and at what amount? Information for Year-End Adjusting Journal Entries December 31,2006 1. $71,400 of office equipment was purchased on Jan. 1, 2004. The office equipment is expected to have a useful life of 7 years with no ...
October 10, 2007 by Maly

Account 2
a light truck is purchased on january 1 at a cost of $27,000. it is expected to serve for eight years and have a salvage value of $3,000. calculate the depreciation expense for the first and third years of the truck
May 18, 2014 by Noreen

Pre-Calculus
A machine worth $ 11000 new and having a scrap value of $ 10995.6 is to be depreciated over a 4.4 -year life. Find the function that describes straight line depreciation for this situation. At what time will the machine be worth $ 10997.8 according to this model? So I know ...
September 28, 2013 by Ann

accounting
Computer equipment was acquired at the beginning of the year at a cost of $56,000 that has an estimated residual value of $3,000 and an estimated useful life of 5 years. Determine the 2nd year’s depreciation using straight-line depreciation
March 16, 2009 by angel

Algebra
The value of many things we own depreciates over time. When an asset's value decreases by a fixed amount each year, the depreciation is called straight-line depreciation. Suppose your Ford Escape from Exercise 1 depreciates $1950 per year. a.Let v represent the value of your ...
March 10, 2012 by kim

corporate financial
check my answer if answer is diffferent show how you got it 1. Firm A uses straight-line depreciation. Firm B uses MACRS depreciation. Both firms bought $100,000 worth of equipment two years ago. The equipment has a 7-year life. Both firms are in the 34 percent tax bracket. ...
December 3, 2009 by pattikake1959

Math
Lena Horn bought a Toyota Tundra for $30,000 with an estimated life of 5 years. The residual value of the truck is $5,000. Assume a straight line method of depreciation (a) what will be the book value of the truck at the end of year 4 (b) If the chevy truck was bought the ...
November 17, 2011 by Anonymous

Accounting
On January 1, 2006, Mythical purchased some office equipment, paying $24,000. It is anticipated that the equipment will last 4 years and have a zero salvage value at the end of the four years. 1) Make the adjusting entry for depreciation at the end of year two using the ...
July 28, 2006 by Laura

math
Lena Horn bought a Toyota Tundra for $30,000 with an estimated life of 5 years. The residual value of the truck is $5,000. Assume a straight line method of depreciation (a) what will be the book value of the truck at the end of year 4 (b) If tyhe chevy truck was bought the ...
November 14, 2011 by Anonymous

Physics
A 60 watt light bulb in a household circuit at 120 V carries a current of 0.500 amp. (An amp was defined in class as a way to measure charge movement. One amp is one coulomb per second.) How many electrons move through this light bulb in five minutes?
March 7, 2011 by Anonymous

Business Math
The Tao Inc. purchased an asset for $170,000 with a salvage value of $8,500 have a useful life of four years. Find the depreciation expense for the first year using the 150% declining blance method. a. $63,750 b. $63,500 c. $63,250 or d. $63,000
June 14, 2013 by LaDonna

accounting
How depreciation and amortization affect the income statement and the profitability of the company as well as its affect on the income taxes a company pays. Also the advantages of an accelerated method of depreciation and how that affects net income, the balance sheet,AS WELL ...
September 24, 2008 by cathy h

finance
You have been given the following information on a project: It has a 3-year lifetime The initial investment in the project will be $28 million, and the investment will be depreciated straight line, down to a salvage value of $6 million at the end of the fourth year. The ...
October 13, 2012 by j

Financial Accounting
E3-30A. Account for depreciation expense. (LO 1, 3). Maximus Dog Company purchased a new supply van on January 1, 2011, for $35,000. The van is estimated to last for five years and will then be sold, at which time it should be worth approximately $5,000. The company uses ...
April 25, 2013 by Anonymous

accounting
Three different companies each purchased a machine on January 1, 2012, for $54,000. Each machine was expected to last five years or 200,000 hours. Salvage value was estimated to be $4000. All three machines were operated for 50,000 hours in 2012, 55,000 hours in 2013, 40,000 ...
November 5, 2011 by tonia

Business Math
A company purchased an air conditioning system for $10,200. Shipping charges on the system are $875. Setup costs were $1,250. The system is expected to last for 5yrs and has a residual value at $2000. If I use the straight-line method to calculate depreciation for this air ...
November 2, 2010 by CC

Math
Could some one please explian how to do this problem thanks :) A company purchased an air conditioning system for $10,200. The shipping charges on the system were $875, and the set up cost were $1,250,The system is expected to last for five years and has a residual value of $2...
November 13, 2007 by Anonymous

Accounting 2
Can someone help me with this problem. At least get me started so I can figure out how to do this. Your manager, Mr. Smith, has asked you to prepare a report, for a client, based on the following inquiry (see below). This report will be reviewed by Mr. Smith and used to ...
April 22, 2010 by smeffy

accounting
a company purchases a used machine for $178,000 cash on January 2nd and readies it for use the next day at $2,840 cost. On January 3rd, it is installed on a required operating platform costing $1,160, and is further readied for operations. The company predicts the machine will...
March 3, 2008 by jasmine

Math
A machine cost $40,000,has a salvage value of $8,000,and is expected to have a useful life of 100,000 hours.if it is utilized for a total of 8,000 hours in year one,what is the depreciation expense based on the unit-of-production-method at the end of the year.
July 9, 2009 by Kara

Math
A company purchases a new delivery truck for $20,000 the truck is expected to have a useful life of 90,000 miles before replacement,and a salvage value of $2,000.In its first year the truck was driven 22,000 miles and a further 19,000 miles in year two.what is the depreciation...
July 9, 2009 by sally

College Accounting
A light truck is purchased on January 1 at a cost of $27,000. It is expected to serve for eight years and have a salvage value of $3,000. Calculate the depreciation expense for the first and third years of the truck's life using the following methods. If required, round your ...
August 14, 2013 by Mill

mathj
Baker Company purchases a new delivery truck for $20,000. The truck is expected to have a useful life of 90,000 miles before replacement, and a salvage value of $2,000. In its first year the truck was driven 22,000 miles, and a further 19,000 miles in year two. What is the ...
February 8, 2012 by tj

Math
A company purchased an air conditioning system for $10200. The shipping charges on the system were $875, and the setup cost were $1250. The system is expected to last for five years and has a residual value of $2000. If you use the straight-line method to calculate the ...
April 19, 2010 by Anonymous

Intermediate Accounting
On January 1, 2005, Lynn Corporation acquired equipment at a cost of $600,000. Lynn adopted the double-declining balance method of depreciation for this equipment and had been recording depreciation over an estimated life of eight years, with no residual value. At the ...
February 5, 2010 by Jeniffer

Accounting
Basic NPV: No Salvage Value or Taxes Carrie Rushing is considering the purchase of a new production machine that costs $120,000. She has been told to expect decreased annual operating expenses of $40,000 for four years. At the end of the fourth year, the machine will have no ...
April 13, 2013 by Marie

Financial Accounting
I am so lost on this. I need to prepare adjusting journal entry for this. The truck was acquired on August 1. Franklin estimates the truck will have a useful life of 5 years and no salvage value. The depreciation on the building has already been recorded. In my general ledger ...
May 26, 2011 by gdlola

Managerial Accounting
John has invested in a machine that cost $70,000, that has a useful life of seven years, and that has no salvage value at the end of its useful life. The machine is being depreciated by the straight-line method, based on its useful life. It will have a payback period of four ...
December 14, 2006 by Really Need Acc. Help

accounting
Glenmore Corp. purchased a fax machine at the beginning of 2007. The fmx machine cost s1,000 and is expected to last live years Its salvage value is expedted to be $50. It Glenmmore uses straight-line depreciabon, what will the fax mactiines net book value be at the end of 2008?
November 22, 2010 by ana

accounting
Meranda Corporation purchases a machine for $125,000. It has an estimated salvage value of $10,000 an is expected to produce 50,000 units in its lifetime. During the first year of operation, it produced 14,500 units. To the nearest dollar, the depreciation for the first year ...
April 30, 2014 by kathy

Accounting
Alteran Corporation purchased a machine for 1.5 million in 2006. The machine is being depreciated over a 10-year life using the sum-of-the-years'-digits method. The residual value is expected to be $300,000. At the beginning of 2009, Alteran decided to change to the straight-...
April 6, 2011 by Bobbi Loffredo

Algebra
The value of almost everything you own, such as a car, computer, or appliance, depreciates over time. When the value decreases by a fied amount each year, the depreciation is called straight-line depreciation. Suppose your car has an initial value of $16,750 and depreciates $...
March 12, 2012 by kim

FInance
Assignment 2: Lease vs. Buy Your employer, Barnaby Well Company, is considering the acquisition of a new drill truck and your boss has asked you to evaluate the decision that she has made to buy the truck. The truck has a purchase price of $60,000 and a useful life of 4 years ...
November 10, 2012 by Deanna

Financial Accounting
Prepare the general journal entries for the following transactions: Jan 2, 2011 -- Purchased land with a building on it for $750,000. The land is worth $300,000. Paid $150,000 cash down and signed a mortgage payable for the balance. Dec. 31, 2011--Depreciation is computed ...
February 16, 2012 by Diane

math
The Rental Depreciation Problem. The owner of a rental house can depreciate its value over a period of 27 ½ years, meaning that the value of the house declines at an even rate over that period of time until the value is $0. a. By what fraction does the value of the house ...
May 7, 2010 by Jenna

Math156
I can understand in my head how to solve it I can't figure it out on paper. Help......I'm sure this will be easy for someone. The Rental Depreciation Problem. The owner of a rental house can depreciate its value over a period of years, meaning that the value of the house ...
September 12, 2009 by Christy

Math
Consider a system of notebook computers for a college math laboratory. The set of computers costs $10,000 and will be salvaged for $2,000 at the end of a 3-year period. Prepare a depreciation schedule using a 150%-declining balance rate for the system. The depreciation ...
July 29, 2008 by Khandi

Business Math
Consider a system of notebook computers for a college math laboratory. The set of computers costs $10,000 and will be salvaged for $2,000 at the end of a 3-year period. Prepare a depreciation schedule using a 150%-declining balance rate for the system. The depreciation ...
June 20, 2007 by Donna

business math
Consider a system of notebook computers for a college math laboratory. The set of computers costs $10,000 and will be salvaged for $2,000 at the end of a 3-year period. Prepare a depreciation schedule using a 150%-declining balance rate for the system. The depreciation ...
June 20, 2007 by Donna

math
I can understand in my head how to solve it I can't figure it out on paper. Help......I'm sure this will be easy for someone. The Rental Depreciation Problem. The owner of a rental house can depreciate its value over a period of years, meaning that the value of the house ...
September 13, 2009 by Christy

Financial Accounting 1
Maximus Dog Company purchased a new supply van on January 1, 2011, for $35,000. The van is estimated to last for five years and will then be sold, at which time it should be worth approximately $5,000. The company uses straight- line depreciation and has a fiscal year end of ...
April 25, 2013 by Anonymous

Financial accounting 2
If a building cost $600,000, has an estimated residual value of $240,000, has an estimated life of 36 years, and is depreciated by the straight-line method: a) What is the annual depreciation? b) what is the book value at the end of the 20th year?
September 3, 2012 by MAry

Finance
(Inflation) A project’s initial investment is $40,000, and it has a five-year life. At the end of the fifth year, the equipment is expected to be sold for $12,000, at which time its net book value will be $5,000. The CFATs (including inflation, depreciation, and net salvage ...
December 17, 2011 by EMJ

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