Why might an asset with a 30- year physical life correctly be depreciated over only 14 years?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (17 reviews)
An asset with a thirtyyear life will be depreciate...View the full answer
Answered By
Anoop V
I have five years of experience in teaching and I have National Eligibility in teaching (UGC-NET) .
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0071339476
Volume 1, 6th Edition
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
Question Posted:
Students also viewed these Accounting questions
-
An asset with a first cost of $9000 is depreciated by MACRS over a 5-year recovery period. The CFBT is estimated at $10,000 for the first 4 years and $5000 thereafter as long as the asset is...
-
An asset with a 8-year ADR class life costs $50,000 and was purchased on January I, 2001. Calculate any depreciation recapture, ordinary losses, or capital gains associated with selling the equipment...
-
A new customer walks into SLC Barber Shop every 60 minutes on average, with a standard deviation of the interarrival times being 60 minutes. At SLC Barber Shop, the average service time is 30...
-
Do you think that differences in reward practices across countries reflect differences in national cultures or other influences?
-
What is meant by online privacy concern? Why is it a particularly important issue for online shoppers?
-
Should student-athletes be considered employees of the universities that they attend? Why or why not?
-
Consider the plot of power as a function of effect size for the two-sample t-test shown in Figure 4.3. a. Create a plot to show power as a function of both effect size and sample size while keeping...
-
Refer to Problem 13-30. Assume that in 2013, Dransfield has changed its processes and trained workers to recognize quality problems and fix them before products are finished and shipped to customers....
-
Consider the following information: Raw materials inventory, beginning $4,000 Raw materials inventory, ending 3,000. Net Purchases 25,000 Freight out 500% Decrease in Work in Process inventory Wip...
-
The attachment shown carries a bending load of 3 kip. The clearance a is to be 6 in. The load is a static 3000 lbf. Specify the weldment (give the pattern, electrode number, type of weld, length of...
-
List the several factors a firm would consider in choosing a depreciation or amortization method.
-
What is unique about the depreciation period for major spare parts or standby equipment?
-
List some common types of tax credits.
-
The U.S. Supreme Court has repeatedly struck down laws that are so vague that a normal person could not reasonably understand them or determine when they can be applied. The void for vagueness...
-
a. Solve the IVP. b. Confirm the result of (a) in MATLAB. \(\ddot{x}+\frac{1}{4} \dot{x}=e^{-2 t}, x(0)=0, \dot{x}(0)=\frac{1}{2}\)
-
Decide whether the FVT is applicable, and if so, find \(x_{s s}\). \(X(s)=\frac{4 s^{2}+1}{s\left(4 s^{2}+4 s+2 ight)}\)
-
Perform the operations and express the result in rectangular form. \(\frac{\left(1-\frac{2}{3} j ight)^{4}}{\left(\frac{2}{3}+j ight)^{3}}\)
-
Consider the system \[\left\{\begin{array}{l}\dot{x}_{1} \\\dot{x}_{2}\end{array} ight\}=\left[\begin{array}{cc}0 & 1 \\0 & -1\end{array} ight]\left\{\begin{array}{l}x_{1} \\x_{2}\end{array}...
-
Many operational business plans provide some very specific steps to take and sometimes are very detailed. What are some situations in which rigid schedules can be a hindrance or a deterrent to...
-
1. What are some current issues facing Saudi Arabia? What is the climate for doing business in Saudi Arabia today? 2. Is it legal for Auger's firm to make a payment of $100,000 to help ensure this...
-
In a job costing system, which of the following statements about materials is not correct? a. A materials requisition is used to request materials needed from the storeroom. b. Materials used during...
-
What are the arguments for giving separate accounting recognition to the conversion feature of debentures?
-
What are the arguments for giving separate accounting recognition to the conversion feature of debentures?
-
Four years after issue, debentures with a face value of $1,000,000 and book value of $960,000 are tendered for conversion into 80,000 shares of common stock immediately after an interest payment...
-
Implement the following C++ code fragment in assembly language. Use the block structured . IF and . WHILE directives. Assume that all variables are 32-bit integers. int array[] int lower 4; = 9; int...
-
(3pts) Each station on an Ethernet network has its own unique physical address, called a MAC address. The address is of the form xx-xx-xx-xx-xx-xx or XX-XXXXXXXXXXXXX, where each x is a hexadecimal...
-
Let x(n) = {0, 1, 2, 3}. 1. Compute its discrete-time Fourier transform X(e). 2 2. Sample X(e) at ka = k, k = 0,1,2,3. 4 Show that it is equal to X (k).
Study smarter with the SolutionInn App