Youngblood Shipbuilding Yard just purchased $1 million in capital equipment for ship repairing functions on dry-docked ships.
Question:
Youngblood Shipbuilding Yard just purchased $1 million in capital equipment for ship repairing functions on dry-docked ships. Estimated salvage is $150,000 for any year after 5 years of use. Compare the depreciation and book value for year 3 for each of the following depreciation methods:
(a) GDS MACRS, where a recovery period of 10 years is allowed.
(b) Double declining balance, with a recovery period of 15 years.
(c) ADS straight line as an alternative to MACRS, with a recovery period of 15 years.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
a MACRS d 3 01440 sum of rates for 3 years is 04240 D 3 014401000000 144...View the full answer
Answered By
Saikumar Ramagiri
Financial accounting:- Journal and ledgers, preparation of trail balance and adjusted trail balance Preparation of income statement, retained earning statement and balance sheet Banks reconciliation statements Financial statement analysis Cash flow statement analysis (both direct and indirect methods) All methods of Depreciations Management Accounting:- Ratios Budgeting control Cash budget and production budget Working capital management Receivable management Costing:- Standard and variance costing Marginal costing and decision making Cost-volume-profit analysis Inventory management (LIFO, FIFO) Preparation and estimation of cost sheet Portfolio management:- Calculation of portfolio standard deviation or risk Calculation of portfolio expected returns CAPM, Beta Financial management:- Time value of money Capital budgeting Cost of capital Leverage analysis and capital structure policies Dividend policy Bond value calculations like YTM, current yield etc International finance:- Derivatives Futures and options Swaps and forwards Business problems Finance problems Education (mention all your degrees, year awarded, Institute/University, field(s) of major): Education Qualification Board/Institution/ University Month/Year of Passing % Secured OPTIONALS/ Major ICWAI(inter) ICWAI inter Pursuing Pursuing - M.com(Finance) Osmania University June 2007 65 Finance & Taxation M B A (Finance) Osmania University Dec 2004 66 Finance & Marketing. B.Com Osmania University June 2002 72 Income Tax, Cost & Mgt, Accountancy, Auditing. Intermediate (XII) Board of Intermediate May 1999 58 Mathematics, Accountancy, Economics. S S C (X) S S C Board. May 1997 74 Mathematics, Social Studies, Science. Tutoring experience: • 10 year experience in online trouble shooting problems related to finance/accountancy. • Since 6 Years working with solution inn as a tutor, I have solved thousands of questions, quick and accuracy Skills (optional): Technical Exposure: MS Office, SQL, Tally, Wings, Focus, Programming with C Financial : Portfolio/Financial Management, Ratio Analysis, Capital Budgeting Stock Valuation & Dividend Policy, Bond Valuations Individual Skills : Proactive Nature, Self Motivative, Clear thought process, Quick problem solving skills, flexible to complex situations. Achievements : 1. I have received an Award certificate from Local Area MLA for the cause of getting 100% marks in Accountancy during my Graduation. 2. I have received a GOLD MEDAL/Scholarship from Home Minister in my MBA for being the “Top Rank student “ of management institute. 3. I received numerous complements and extra pay from various students for trouble shooting their online problems. Other interests/Hobbies (optional): ? Web Surfing ? Sports ? Watching Comics, News channels ? Miniature Collection ? Exploring hidden facts ? Solving riddles and puzzles
4.80+
391+ Reviews
552+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Youngblood Shipbuilding Yard just purchased $800,000 in capital equipment for ship repairing functions on dry-docked ships. Estimated salvage is $150,000 for any year after 5 years of use. Compare...
-
Consider the economy of Opulenza. In Opulenza, domestic investment of $400 million earned $20 million in capital gains during 2012. Opulenzans purchased $120 million in new foreign assets during the...
-
Regal Cars has been manufacturing exotic automobiles for more than 50 years. It has always prided itself on its top-quality products and high levels of customer satisfaction. All Regal Cars are...
-
Creativity and Innovation Management (Feb. 2008) published an article on identifying the social network characteristics of lead users of children's computer games. Data were collected for n = 326...
-
1. Under IFRS, what options does an entity have for classifying cash inflows from interest and dividends on the statement of cash flows? How does this differ from ASPE? 2. Under IFRS, what options...
-
Describe how the government provides a safety net for banks. How has that safety net evolved? What four main factors determine whether a bank merger or acquisition will be allowed? What is a business...
-
Suppose that in the experiment described in Example 7, Chapter 12, it is desired to determine also whether there is an interaction between the detergents and the engines; that is, whether one...
-
A thin electrical heater is wrapped around the outer surface of a long cylindrical tube whose inner surface is maintained at a temperature of 5C. The tube wall has inner and outer radii of 25 and 75...
-
You will go back to the two contracts below. Compare these two contracts and write an essay answering the following questions related to the material covered thus far. For the Legality section, your...
-
Your boss recently told you that you needed to be more "culturally intelligent." Specifically he said, "I received some feedback from a major client, Palo, who said after a meeting him that you...
-
Construct an accurate graph of sin (x) and tan (x) on the same graph for values of x from 0 to 0.4 rad and find themaximum value of x forwhich the two functions differ by less than 1%.
-
What is the difference between depreciation and depletion?
-
For the set of sample measurements 1, 1, 2, 2, 2, 3, 3, 4, 4, 5, find the (A) Mean (B) Median (C) Mode (D) Standard deviation
-
Instructions: Prepare a document in which you define the following concepts: Bribery. Corruption. Environment. Sustainability. Global warming. Answer the following questions: Why do you think there...
-
Using the framework from Hanlon 2019 Table 10.3 and the Template online, create an outline digital marketing plan. Remember that not all elements of the digital toolbox need to be completed, but you...
-
While conducting background reading on the topic: using technology with special needs students the following article was found: Saha, S. & Halder, S. (2020). Assistive technology and inclusion,...
-
Sam Chikwasha is working as a Procurement expert at Kanzhinga Brand Limited in Zambia. He is involved in the day to day operation of the firm and particularly, in the procurement of materials from...
-
Prepare a memo addressing the possible penalties and/or interest arising as a result of Sarah lat
-
Section 12.5 contains a real-option example involving a discount rate of 10 percent. Analyze how the real-option exercise policy is affected if the required return on the project is 15 percent...
-
Write a program to move a signed number from smaller register to bigger register. Hint: movzx ax, bl Topic: Data Related Operators and Directives in assembly language
-
C ompare and contrast automatic and controlled processing and discuss how we might determine which type of processing an audience will use.
-
Identify and describe common barriers to effective communication.
-
Describe the causes of potential problems in cross-cultural communication.
-
Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts that 50,000 units will be produced, with the following total costs: Direct materials Direct labor Variable overhead...
-
You will complete two case studies over the course of the semester. These are to be completed individually. Each case study is found in the textbook and there are questions there to help guide your...
-
Thanasi has a business snowplowing. He uses a 2018 Ford Rapture with a snowplow outfitted to it. While plowing a driveway, he negligently ran it into the side of the neighbour's house. The damage to...
Study smarter with the SolutionInn App