A diesel-powered tractor with a cost of $115,000 and an estimated residual value of $10,000 is expected

Question:

A diesel-powered tractor with a cost of $115,000 and an estimated residual value of $10,000 is expected to have a useful operating life of 28,000 hours. During April, the tractor was operated 160 hours. Determine the depreciation for the month.

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

Step by Step Answer:

Related Book For answer-question

Financial And Managerial Accounting

ISBN: 9780357714041

16th Edition

Authors: Carl S. Warren, Jefferson P. Jones, William Tayler

See More Books

Question Posted: Dec 06, 2022 01:01 AM

See More Questions

You will be required to prepare a December cash budget. You are provided with the following information: a] Cash balance on December 1 is $60,000. b] Actual sales for October and November and...
A new project is expected to have an 8-year economic life. The project will have an initial cost of $100,000. Installation and shipping charges for the equipment are estimated at $10,000. The...
An inventory clerk is expected to have 2,000 fan belts in stock. If the current count is 1,584 fan belts, how many more should be ordered?
Which of the following is not necessary to do before you can run a Java program? a. Coding b. Compiling c. Debugging d. Saving
Innovative Tech Inc. (ITI) uses the percentage of credit sales method to estimate bad debts each month and then uses the aging method at year-end. During November, ITI sold services on account for $...
In Exercises, find all points where the functions have any relative extrema. Identify any saddle points. (x, y) = 5xy - 7x 2 - y 2 + 3x - 6y - 4
Mary Kay Morrow began working for Hallmark in 1982. At the beginning of 2002, Hallmark adopted the Hallmark Dispute Resolution Program, which required, among other things, that claims against the...
The following are audit procedures from different transaction cycles: 1. Examine sales invoices for evidence of internal verification of prices, quantities, and extensions. 2. Select items from the...
1) Write a Python function to convert mass values from gram to ounce and return the conversion result. The conversion formula is ounce = gram x 0.035274. The function header is: def gm_to_ounce...
The guy wire BD exerts on the telephone pole AC a force P directed along BD. Knowing that P has a 200-N perpendicular to the pole AC, determine (a) The magnitude of the force P, (b) Its component...
A storage tank acquired at the beginning of the fiscal year at a cost of $90,000 has an estimated residual value of $12,000 and an estimated useful life of 25 years. Determine the following: (a) The...
A refrigerator used by a wholesale warehouse has a cost of $85,000, an estimated residual value of $4,200, and an estimated useful life of 8 years. What is the amount of the annual depreciation...
Consider the chapter vignette. Illustrate how researchers could apply at least four different qualitative tools to the business situation described in the opening vignette.
Human trafficking is a very serious issue that our society is facing. While we acknowledge the seriousness of the issue, it still occurs in our country. What would happen if a country saw no wrong in...
How did Offred's friend Moira escape from the Red Center; what do we discover about what happened to Moira after her escape in her conversation with Offred at Jezebel's?
What method do you plan to use when delivering your informative speech and why? Do you have a plan to deal with audience distractions? If yes, what is your plan?
How many DS0s are required to support 200 IP Softphones using G.723-5.3K with 30ms frames, 2 frames per packet and PPP, MPLS, and RTCP with CRTP reducing the RTP, IP and UDP headers to 4 bytes?
The problem for researchers using human behavior and many human characteristics as the object of study is that virtually all nontrivial human behaviors vary widely from person to person. You are a...
Discuss the merits of using an integrated marketing communications program that encompasses a variety of communication tools to prevent drug use versus an approach that relies primarily on media...
Banner Company acquires an 80% interest in Roller Company for $640,000 cash on January 1, 2013. The NCI has a fair value of $160,000. Any excess of cost over book value is attributed to goodwill. To...
Give an example of how the capital expenditures budget affects other operating budgets
Give an example of how the capital expenditures budget affects other operating budgets
a. What are the two variances between the actual cost and the standard cost for direct materials? b. Discuss some possible causes of these variances.
10. The probability that automobile sales will increase next month (A) is estimated to be 0.40. The probability that the sale of replacement parts will increase (R) is estimated to be 0.50. The...
You are trying to prepare financial statements for Bartlett Pickle Company, but seem to be missing its balance sheet. You have Bartlett's income statement, which shows sales last year were $630...
Custom Cabinetry has one job in process (Job 120) as of June 30; at that time, its job cost sheet reports direct materials of $6,400, direct labor of $3,400, and applied overhead of $2,890. Custom...

A diesel-powered tractor with a cost of $115,000 and an estimated residual value of $10,000 is expected

Question:

Step by Step Answer:

115000 10000 28000 ...View the full answer

Financial And Managerial Accounting

Students also viewed these Business questions