Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Accounting Basics Expert

problem: John Seceda Furnace Company buys Machinery for $315,000 on May 1, 2007. It is estimated that it will have a useful life of ten (10) years, salvage value of $15,000, production of 240,000 units, and working hours of 25,000. During 2008 Seceda Company uses the machinery for 2,650 hours, & the machinery produces 25,500 units.

Instructions:

From the information given, find out the depreciation charge for 2008 under each of the following methods. (Give your answer to the nearest dollar.)

[A] Working hours

[B] Sum-of-years-digits

[C] Straight-line

[D] Units-of-output

[E] Declining-balance [use 20% as yearly rate]

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M921576

Have any Question? 


Related Questions in Accounting Basics

Practical assessment- case study assignment question 1 case

Practical Assessment- Case Study Assignment Question 1: Case study You are a financial adviser and the following information is an extract of data you gathered as part of fact finding during an initial client consultatio ...

The puffing billy scenarioas a graduate of the bachelor of

The Puffing Billy Scenario As a graduate of the Bachelor of Business (Accounting) from Holmesglen you found a profitable niche developing custom databases for small enterprises. Your first client is the Puffing Billy Pre ...

Assignment - perform the calculations using the financial

Assignment - Perform the calculations using the financial statements from their individual companies. Part I - Complete the following: Perform at least one profitability ratio to measure the income and operating success ...

Nbspexplain brieflya written representationsb internal

Explain briefly (a) written representations, (b) internal control communications, and (c) management letters. In your answer, include the general content of the communication, the parties involved with the communication, ...

Assume dubello company uses the cost method for any

Assume Dubello Company uses the cost method for any treasury stock transactions. Dubello Company has the following information about it's common stock on January 1 of the current year: Common Stock, $4 par; 200,000 share ...

Development of an anti-fraud programa for-profit

Development of an Anti-Fraud Program A for-profit manufacturing organization loses a certain percentage of its annual revenue to fraud. Fraud occurs regardless of organizational size or type. Every organization is vulner ...

Problem - journalize and post the following entries you

Problem - Journalize and post the following entries. You will need to create additional T accounts as needed. Our sales terms are always 3/15 n45 for sales made on account unless stated otherwise. See if you can trace th ...

Question 1 queenslander ltd operates a cafeacute and gift

Question 1: Queenslander Ltd operates a café and gift shop at Montville in the Sunshine Coast hinterland. You are the accountant for the company and the following items relate to the year ended 30 June 2016: (a) Queensla ...

How many postings to fees earned for the month would be

How many postings to Fees Earned for the month would be needed in Eye Opener 3 if the procedure described in (a) Had been used; if the procedure described in (b) Had been used?

Practice questionsthe following transactions have taken

Practice questions: The following transactions have taken place in a business. Enter the name of the balance sheet item(s) affected under the appropriate column and indicate whether there has been an increase or decrease ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate