Question: can u help me as soon as possible ? Exercise 2: On 1 of January 2020 the company purchased machinery for $90,000 The estimated salvage

can u help me as soon as possible ?

Exercise 2: On 1" of January 2020 the company purchased machinery for $90,000 The estimated salvage value is $10,000 and the estimated useful life if 9 years On January 1, 2022, the useful life is revised to 7 years in total 1. Prepare a complete depreciation schedule for the machinery taking into account the original data (10 points) 2. Calculate the new depreciation expense as from year 2022. (10 points)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

can u help me as soon as possible ? Exercise 1: On 1" of January 2019, the company GETTY, Ltd. purchased a license for computer software The price of the license is $15,000 and its useful life 5...

please answer as soon as possible thank you! OKC Manufacturing Co., a calendar-year company, purchased a machine for P650,000 on January 1, 2018. At the date of purchase, OKC incurred the following...

Exercise 13 Impairment of Cash Generating Unit I Vadim Company has two (200. At year-end, the carrying amount of the assets of one (300 are: Cash P 4,000,000 Accounts receivable 6,000,000 AllowanCe...

1. Sheridan Company purchased machinery on January 2, 2015, for $880000. The straight-line method is used and useful life is estimated to be 10 years, with a $82000 salvage value. At the beginning of...

I need help with this accounting project that I have I did the first few transactions and added them to a general ledger but I am having difficulty with the rest. Accounting isn't my major which is...

I am getting some different answers on some of these. can you verify if these test answers are correct? ACC 291 Final 1) Question 1 An aging of a company's accounts receivable indicates that $4,500...

1) General Journal 2) General Ledger 3) Trial Balance, Accounts Payable Schedule, Accounts Receivable Schedule 4)Subsidiary Ledger 5) Worksheet Thank you! Accounting Cycle.xlsx - Excel X File Home...

Calibri 12 - A General BI U DVD Dola 2 Wrap Text Merge & Center Painter a. Av $ % Font Alignment Numb fr M C D E F G H K L Brown Company paid cash to purchase the assets of Coffee Company on January...

1) Identify accounts by category and financial statements. Listed here are a number of financial statement captions. Indicate in the spaces to the right of each caption the category of each item and...

If a client loses money because of the carelessness of his lawyer, he will be compensated for his losses if he makes a complaint to the law society. True or false? Explain your answer.

Gibbs Manufacturing Co. was incorporated on 1/2/10 but was unable to begin manufacturing activities until 8/1/10 because new factory facilities were not completed until that date. The Land and...

The leveraged leasing is the formal involvement of a lender in providing _ _ _ _ _ _ _ _ _ _ to finance the lessor s purchase of the leased asset.

Hypothesis Testing of a Single Mean LCTCS Tuition: Louisiana Community And Technical College System consist of 2 community colleges across the state. I think RPCC's tuition and fees is lower than the...

3 How prevalent is the competences approach, and what is its perceived relevance in different countries?

3 How relevant is the competences approach for Andersen Consulting working outside Anglo-Saxon cultures?

2 What are the competences and capabilities required of new recruits to Andersen Consulting, given the need to maintain its strong corporate culture and ways of doing things?