Homework Answers
(1)
OPTION B: more depreciation in early years of an asset's use as compared to other depreciation methods
(2)
OPTION D: the asset's book value is greater than the amount of cash received from the sale
(3)
OPTION B: $1,000 cash inflow in the investing activities section
(4)
OPTION: true
Add Answer to:
The double-declining - balance method of depreciation causes: O A. the same amount of depreciation in...
Question 8 The double-declining-balance method of depreciation causes the same amount of depreciation in the early...
Question 8 The double-declining-balance method of depreciation causes the same amount of depreciation in the early years of an asset's use as compared to other depreciation methods. is not an acceptable depreciation method according to generally accepted accounting principles. causes more depreciation in the early years of an asset's use as compared to other depreciation methods. causes less depreciation in the early years of an asset's use as compared to other depreciation methods. None of the above
At the end of an asset's useful life, the balance in Accumulated Depreciation will: O A....
At the end of an asset's useful life, the balance in Accumulated Depreciation will: O A. be a greater amount under straight-line depreciation than under double-declining - balance depreciation O B. be greater under units-of-production depreciation than under straight-line depreciation O c. be the same amount under all the depreciation methods OD. be a lesser amount under double-declining - balance depreciation than under units-of-production depreciation Depreciation computed under double-declining - balance will decrease each year because: O A. the book...
QUESTION #3 Statement of Cash Flow REMEMBER THE PROPER FORMAT OF THIS STATEMENT IS TO BALANCE...
QUESTION #3 Statement of Cash Flow REMEMBER THE PROPER FORMAT OF THIS STATEMENT IS TO BALANCE CASH AND CASH EQUIVALENTS. Lanni Ltd.'s comparative balance sheet information at December 31, 2011 and 2010, and its income stan year ended December 31, 2011, are as follows: Lanni Ltd. Comparative Balance Sheet Information December 31 Net 2011 2010 Change Cash... $ 35,000 5 18,200 $ 16,800 Cash equivalents .................. 12,600 7,000 5,600 Accounts receivable....... 64,400 27,300 37,100 Inventory .......................... 83,300 60,900 22,400 Long-term...
Bentley Corporation's balance sheet and income statement are as follow Bentley Corporation Comparative Balance Sheet Information...
Bentley Corporation's balance sheet and income statement are as follow Bentley Corporation Comparative Balance Sheet Information Assets Cash ........ Accounts receivable. Merchandise inventory ....... Equipment Accumulated depreciation ............. Total assets... Liabilities and Equity Accounts payable Income taxes payable .... Common shares........ Retained earnings ...... Total liabilities and equity.... December 31 2011 2010 5 116,000 $ 78,000 62,000 54,000 406,000 356,000 222,000 198,000 (104.000) (68,000) 5618,000 5 702,000 $ 46,000 18,000 520,000 118,000 5 702,000 $ 64,000 16,000 480,000 58,000 $618,000...
Double-declining-balance depreciation In early January 2016, NewTech purchases computer equipment for $154,000 to use in operating...
Double-declining-balance depreciation
In early January 2016, NewTech purchases computer equipment for $154,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $25,000. Prepare a table showing depreciation and book value for each of the four years assuming double- declining-balance depreciation. Double-declining-balance depreciation Depreciation for the Period End of Period Accumulated Depreciation Depreciation Book Value Beginning-Year Depreciation Annual Year-End Year Book Value Rate 2016 2017 2018 2019 Total 50% 50% 50% 50%
Prepare a Statement of Cash Flow REMEMBER THE PROPER FORMAT OE THIS STATEMENT IS TO BALANCE...
Prepare a Statement of Cash Flow REMEMBER THE PROPER FORMAT OE THIS STATEMENT IS TO BALANCE TO ASH AND CASH EQUIVALENTS. Nissen Ltd's comparative balance sheet information at December 31, 2011 and 2010. and is mcome stlatement for the year ended December 31, 2011, are as folows Nissen Ltd. Balance Sheet Information December 31 Net 2011 Change 2010 Cash $ 40,000 S 20,800 S 19,200 14,400 Cash equivalents Accounts receivable.. Inventory 6,400 8,000 31,200 69,600 42,400 73,600 25,600 95,200 Long-term...
1. Milner Co. sold a machine that cost $79,000 and had a book value of $45,000...
1. Milner Co. sold a machine that cost $79,000 and had a book value of $45,000 for fro m Milner's comparative balance sheets are: 12/31/18 12/31/17 $800,000 $670,000 Machinery Accumulated depreciation 190,000 136,000 What four items should be shown on a statement of cash flows (indirect meth od) from this information? Show your calculations. (4 points) Investing activities - cash inflow from sale of Prop. Plant and Equip. Investing activities - cash outflow from purchase of Prop. Plant and Equip....
A company bought $400,000 of equipment with an expected life of 13 years and no residual...
A company bought $400,000 of equipment with an expected life of 13 years and no residual value. After 9 years the company sold the equipment for $98,500. If the company uses straight-line depreciation and the indirect method is used to determine cash flows from operating activities, which of the following reflects how the sale of the equipment would be reported in the statement of cash flows? Multiple Choice o 598,500 is recorded as a cash inflow from investing activities and...
At the end of an asset's useful life, the balance in Accumulated Depreciation will: A. be...
At the end of an asset's useful life, the balance in Accumulated Depreciation will: A. be a greater amount under straight - line depreciation than under double declining -balance depreciation B. be greater under units - of - production depreciation than under straight - line depreciation C. be the same amount under all the depreciation methods D. be a lesser amount under double -declining -balance depreciation than under units of - production depreciation Depreciation computed under double - declining balance...
Here is selected financial statement data regarding a company's property, plant, and equipment. Balance Sheet: Property,...
Here is selected financial statement data regarding a company's property, plant, and equipment. Balance Sheet: Property, plant, and equipment Accumulated depreciation Dec 31, 2018 $ 144,000 48,000 Dec 31, 2017 $ 60,000 13,000 Income Statement: Depreciation expense Gain on sale of property, plant, and equipment 2018 $ 42,000 3,000 Acquisitions of PPE were $110,000 during the year. In the statement of cash flows, the investing activities section should show a cash receipt from "sales of property, plant, and equipment" for...
At the end of an asset's useful life, the balance in Accumulated Depreciation will: O A. be a greater amount under straight-line depreciation than under double-declining - balance depreciation O B. be greater under units-of-production depreciation than under straight-line depreciation O c. be the same amount under all the depreciation methods OD. be a lesser amount under double-declining - balance depreciation than under units-of-production depreciation Depreciation computed under double-declining - balance will decrease each year because: O A. the book...
QUESTION #3 Statement of Cash Flow REMEMBER THE PROPER FORMAT OF THIS STATEMENT IS TO BALANCE CASH AND CASH EQUIVALENTS. Lanni Ltd.'s comparative balance sheet information at December 31, 2011 and 2010, and its income stan year ended December 31, 2011, are as follows: Lanni Ltd. Comparative Balance Sheet Information December 31 Net 2011 2010 Change Cash... $ 35,000 5 18,200 $ 16,800 Cash equivalents .................. 12,600 7,000 5,600 Accounts receivable....... 64,400 27,300 37,100 Inventory .......................... 83,300 60,900 22,400 Long-term...
Bentley Corporation's balance sheet and income statement are as follow Bentley Corporation Comparative Balance Sheet Information Assets Cash ........ Accounts receivable. Merchandise inventory ....... Equipment Accumulated depreciation ............. Total assets... Liabilities and Equity Accounts payable Income taxes payable .... Common shares........ Retained earnings ...... Total liabilities and equity.... December 31 2011 2010 5 116,000 $ 78,000 62,000 54,000 406,000 356,000 222,000 198,000 (104.000) (68,000) 5618,000 5 702,000 $ 46,000 18,000 520,000 118,000 5 702,000 $ 64,000 16,000 480,000 58,000 $618,000...
Double-declining-balance depreciation
In early January 2016, NewTech purchases computer equipment for $154,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $25,000. Prepare a table showing depreciation and book value for each of the four years assuming double- declining-balance depreciation. Double-declining-balance depreciation Depreciation for the Period End of Period Accumulated Depreciation Depreciation Book Value Beginning-Year Depreciation Annual Year-End Year Book Value Rate 2016 2017 2018 2019 Total 50% 50% 50% 50%
Prepare a Statement of Cash Flow REMEMBER THE PROPER FORMAT OE THIS STATEMENT IS TO BALANCE TO ASH AND CASH EQUIVALENTS. Nissen Ltd's comparative balance sheet information at December 31, 2011 and 2010. and is mcome stlatement for the year ended December 31, 2011, are as folows Nissen Ltd. Balance Sheet Information December 31 Net 2011 Change 2010 Cash $ 40,000 S 20,800 S 19,200 14,400 Cash equivalents Accounts receivable.. Inventory 6,400 8,000 31,200 69,600 42,400 73,600 25,600 95,200 Long-term...
1. Milner Co. sold a machine that cost $79,000 and had a book value of $45,000 for fro m Milner's comparative balance sheets are: 12/31/18 12/31/17 $800,000 $670,000 Machinery Accumulated depreciation 190,000 136,000 What four items should be shown on a statement of cash flows (indirect meth od) from this information? Show your calculations. (4 points) Investing activities - cash inflow from sale of Prop. Plant and Equip. Investing activities - cash outflow from purchase of Prop. Plant and Equip....
A company bought $400,000 of equipment with an expected life of 13 years and no residual value. After 9 years the company sold the equipment for $98,500. If the company uses straight-line depreciation and the indirect method is used to determine cash flows from operating activities, which of the following reflects how the sale of the equipment would be reported in the statement of cash flows? Multiple Choice o 598,500 is recorded as a cash inflow from investing activities and...
At the end of an asset's useful life, the balance in Accumulated Depreciation will: A. be a greater amount under straight - line depreciation than under double declining -balance depreciation B. be greater under units - of - production depreciation than under straight - line depreciation C. be the same amount under all the depreciation methods D. be a lesser amount under double -declining -balance depreciation than under units of - production depreciation Depreciation computed under double - declining balance...
Here is selected financial statement data regarding a company's property, plant, and equipment. Balance Sheet: Property, plant, and equipment Accumulated depreciation Dec 31, 2018 $ 144,000 48,000 Dec 31, 2017 $ 60,000 13,000 Income Statement: Depreciation expense Gain on sale of property, plant, and equipment 2018 $ 42,000 3,000 Acquisitions of PPE were $110,000 during the year. In the statement of cash flows, the investing activities section should show a cash receipt from "sales of property, plant, and equipment" for...
Most questions answered within 3 hours.
-
Suppose X∼Exp(λ) for some λ >0. Compute E(X) and Var(X).
asked 11 minutes ago -
Xanth Co. has 8.9% annual coupon bonds with face value of $1,000
and 7 years remaining...
asked 8 minutes ago -
The Bellevue University bookstore purchases sweatshirts with the
school name and logo from a vendor. The...
asked 11 minutes ago -
If you invest the $10,000 you receive at graduation in a mutual
fund which averages a...
asked 13 minutes ago -
Consider 15 mL of an aqueous solution containing 2.0 g of an
organic solute.If the distribution...
asked 13 minutes ago -
Define the following Marketing Psychology Principles of Human
Behavior: Priming, Reciprocity, Social Proof, Decoy Effect,
Scarcity,...
asked 29 minutes ago -
What does the graph of Range vs angle look like? Also what is
the slope of...
asked 32 minutes ago -
a
sample size of _ is needed So there a 99% confidence interval will
have a...
asked 37 minutes ago -
Strategy is an important part of project management and business
decisions. Define strategy and describe in...
asked 41 minutes ago -
Task 5.2 Numerical Analysis Using Nested Loops (13 pts)
Consider the following program:
void setup()
{...
asked 55 minutes ago -
If a lossless transformer has 1000 turns for a primary winding
and 100 turns for the...
asked 1 hour ago -
Write the net ionic equation for the precipitation reaction that
occurs when aqueous solutions of potassium...
asked 1 hour ago