Ortiz SA purchased a piece of equipment that cost R$202,000 on January 1, 2019. The equipment has
Question:
Compute the depreciation expense for this equipment at December 31, 2019.
Transcribed Image Text:
Residual Value Estimated Useful Life 10 years 5 years 12 years Component Cost A R$70,000 R$7,000 в 50,000 5,000 4,000 82,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (8 reviews)
Component A B Depreci...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Question Posted:
Students also viewed these Managerial Accounting questions
-
Ortiz purchased a piece of equipment that cost $202,000 on January 1, 2012. The equipment has the following components. Compute the depreciation expense for this equipment at December 31,2012....
-
Alexander Company purchased a piece of equipment for $12,000 and depreciated it for three years over a five-year estimated life with an expected residual value at the end of five years of $2,000. At...
-
Delta Company purchased a piece of equipment for $400,000. The equipment has an eight-year useful life and zero residual value. The company uses the double declining balance method for depreciating...
-
Factor the given expressions completely. 3a 3b
-
Solve Prob. 7.84 assuming that the bending moment was found to be + 260 lb ft at D and + 860 lb ft at E. 2 kips/ft A| 1 ft1 ft 1 ft 1 ft
-
A small statue that has a mass of 500.0 g displaces 150.5 mL of water. What is its density in grams per milliliter?
-
Enter the following transactions in the accounts: 2016 May 1 Started in business with 18,000 in the bank. 2 Bought goods on time from B. Hind 1,455. 3 Bought goods on time from G. Smart 472. 5 Sold...
-
The Swift Corporation has 5000 sales representatives and employees in the United States who drive company cars. The company's risk manager has recommended to the firm's management that the company...
-
4. Givens and t, relations on Z, s = {(1, n) : n Z} and t = {(n, 1) n Z}, what are st and ts? Hint: Even when a relation involves infinite sets, you can often get insights into them by drawing...
-
Prepare a Depembier 31 tral balance for Jindal Company using the following information and fill in the missing amount for Equiment (assume all data are correct Cesh Accunti jeyekle Servlees evenue...
-
Use the information for Lockard SE given in BE11.2. (a) Compute 2019 depreciation expense using the double declining-balance method. (b) Compute 2019 depreciation expense using the...
-
Holt plc purchased a computer for 8,000 on January 1, 2018. Straight-line depreciation is used, based on a 5-year life and a 1,000 residual value. In 2020, the estimates are revised. Holt now feels...
-
A class contains a Private variable named _strState. The variable is associated with a Public property named State. Which of the following is the best way for a parameterized constructor to assign...
-
what is the debt to equity ratio (Book)? Assets 202X 202Y Cash and cash equivalents $256,009 $275,000 Short-term investments 2,765 2,599 Accounts Receivable 82,518 74,560 Inventories 36,950 40,500...
-
Evaluate the contributions of contemporary theories to efficiency and effectiveness of modern organizations.
-
What is structural racism is--how the race was structured into society--and the different ways in which race affects people's lives (past and present) because of structural inequalities. Most...
-
In what ways can post-colonial studies be utilized to analyze and expand upon Antonio Gramsci's theoretical framework, particularly concerning the dynamics of cultural hegemony, resistance, and...
-
There are some things that I would like to recommend modifying and being updated with today's technology. Many of the employees would like to be aware of their benefits. Therefore it is important to...
-
Queuing theory (also known as waiting-line theory) investigates the problem of providing adequate service economically to customers waiting in line. Suppose customers arrive at a fast-food service...
-
For each of the following transactions, indicate whether it increases, decreases, or has no effect on the following financial ratios: current ratio, debt-to-equity ratio, profit margin ratio, and...
-
Sayaka Tar and Gravel Ltd. operates a road construction business. In its first year of operations, the company obtained a contract to construct a road for the municipality of Cochrane West, and it is...
-
Refer to E18-12 for Sayaka Tar and Gravel Ltd., and assume the same facts for the fiscal year ending December 31, 2011. For the second year of operations, Sayaka made progress on the construction of...
-
Refer to E18-13 for Sayaka Tar and Gravel Ltd., and assume the same facts as in E18-13 for the fiscal year ending December 31, 2012, except that the enacted tax rate for 2013 and subsequent years was...
-
In 2006, e-Design was invited unexpectedly to participate in a design competition to provide new logos and new identity for Denmark's National Sports Team, a prestige client.What should the e-Design...
-
A golfer strikes the ball from the left and the parabola is shown. The height of the parabola is 7 metres and the maximum distance horizontal distance is approximately 40 metres. The distance the...
-
When a company is bouget out and migrates data to a new company's location, what cultural aspects of the change would the new company expect or experience when working with new database...
Study smarter with the SolutionInn App