Make a depreciation schedule using the double-declining rate for three years for a computer system costing $21,000

Question:

Make a depreciation schedule using the double-declining rate for three years for a computer system costing $21,000 with an estimated life of three years and a resale value of $ 1,000.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

See More Books

Question Posted: Mar 11, 2016 02:01 AM

See More Questions

Make a depreciation schedule using a 150%-declining-balance for three years for furniture that costs $15,000 and has a salvage value of $500. Total cost: $15,000 Accumulated End-of-year depreciation...
Use the double-declining-balance method to make a depreciation schedule for a piece of equipment that costs $2,780 and has a salvage value of $300. The equipment is expected to be used for four...
Modify What SUPs Double Declining Balance Depreciation Schedule You are to add another depreciation schedule for What SUP. Use the ch4-01_DDB_student_name worksheet you created in this chapter. Add a...
At year-end 2010, 28,879 million represents: A. the funded status of the plan. B. the defined benefit obligation. C. the fair value of the plans assets. Kensington plc, a hypothetical company based...
J. S. Moneybaggs wants to include a provision in her will that will assure that her lifes work of caring for small children will continue after her death. She is concerned that any resources given to...
Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below. a. $76,600 in raw materials were...
In a condenser, to check the leakage of air, the following procedure is adopted: After running the plant to reach the steady conditions, the steam supply to the condenser and also the air and...
Barnes Manufacturing Co. forecast October sales to be 45,000 units. Additional information follows: Finished goods inventory, October 1............................... 5,000 units Finished goods...
Prepare an income statement for Rex Manufacturing for the year ended December 31 using the following Information. Hint Not all Information given is needed for the solution. Finished goods inventory,...
Draft a quarterly cash budget for the Zoo Extravaganza (ZE) for the first two quarters of the coming year. Use just the information in this problem. 1. Interest is paid on the last day of the year...
Using the sum-of-the-years'-digits method, make a depreciation schedule for the first two years for a machine that costs $4,200 and will be worth $750 at the end of five years.
Find the depreciation for the first three years for a laser printer that costs $5,800 and was placed in service midyear under the MACRS as a five-year property.
Which distribution of six particles into three interconnected boxes has the highest entropy? a) b) c) d) o D Da
Discuss how communication channels have changed over the years due to technology.
Describe Blue Apron's current marketing strategy (offline/online media and referral program) and its obstacles (rising CAC, decreasing retention, shifts in trends).
Who are your clients, what marketing mode ( s ) ( advertising , sales promotion etc ) are you going to use to get to them?
Many industrial storage tanks are spherical and painted white to reflect the sun's rays. If such a storage tank had a defect in the paint and began to heat up it could explode if the temperature...
DBS Bank is launching a new investment product targeting senior citizens in Asia. The company decides to use direct marketing for selling the product. 1. What direct marketing strategy would allow...
If y = sin , what is cos in terms of y?
What is the maximum volume of 0.25 M sodium hypochlorite solution (NaOCl, laundry bleach) that can be prepared by dilution of 1.00 L of 0.80 M NaOCl?
A sawmill requires a new saw for cutting small-dimension logs. Model H, with a three- year service life, costs $119,000 and will generate an annual profit of $55,000. Model J, with a four-year...
A 10-year licence to distribute a product should increase the distributors profit by $10,000 per year. If the licence can be acquired for $50,000, what is the investments IRR?
A venture requiring an immediate investment of $500,000 and an additional investment of $200,000 three years from now will generate annual profits of $150,000 for seven years starting in the first...
What are the facts of this case? Business Financing Solutions, Inc. ("BFS") is a small lending institution that specializes in providing loans to small businesses. BFS's president, Rachel Chen, has...
Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost Information relating to the products follow: Selling price per unit Variable expenses per unit...
This is a slip and fall case. Plaintiff was injured when she slipped and fell in the defendant's fast food restaurant. Plaintiff claims the floor was wet and slippery when she fell. Defendant denies...

Make a depreciation schedule using the double-declining rate for three years for a computer system costing $21,000

Question:

Step by Step Answer:

Doubledecliningbalance rate 1 3 2 2 3 0666667 Depreciation for year 1 21...View the full answer

Business Math

Students also viewed these Finance questions