Homework Answers
| Only Part 2 is visble, So I think you need answer of that question. Thus answering it | |
| Statement showing Computations | |
| Particulars | Amount |
| Cost of equipment | 103,000.00 |
| Life in years | 4.00 |
| Depreciation per year =(103000/4) | 25,750.00 |
| Depreciation for 3 years=25,750*3 | 77,250.00 |
| Book Value after 3 years = 103000 -77250 | 25,750.00 |
Add Answer to:
arcade CALERATONS (Mark) Caree Addrio Information the most DA R 12.500 2.200 Coreco Calculate New sales...
Part 1-(4 total - 2 marks each) NOTE: To receive full marks, you must show your...
Part 1-(4 total - 2 marks each) NOTE: To receive full marks, you must show your calculations Use the following information to calculate your answer and place it in the space to the provided. Account May 31 un30 for the month of lune 47,000 34,000 Portion earned $21,000 a. Unearned Revenue Calculate: Total unearned revenue received during June Balance May 31 Account lun30 for 12,500 17,200 Cash payment received, 2,000 b. Accounts Receivable Calculate: New sales on account during June...
looking for Q3 Q3. What are the characteristics of corporations (1 mark). Q1. Abdulaziz Co. purchased...
looking for Q3
Q3. What are the characteristics of
corporations (1 mark).
Q1. Abdulaziz Co. purchased a machine in 2013 for 50,000 that has a useful life of 5 years with a salvage value of 5,000. Calculate the depreciation expense, accumulated depreciation, book value throughout its useful life using: 1- Straight-line Method. 2- Units of Production Method if the machine produces 100,000 units. Here is a table of units produced each year: First 23,000 Second 25,000 Third - Fourth 30,000...
PART 4.ARAMCO company purchases factory machine at a cash price of $100,000. Related expenditures are sales...
PART 4.ARAMCO company purchases factory machine at a cash price of $100,000. Related expenditures are sales taxes $3000, Insurance after the installation is $6000 and Installation and testing $1,500. The machine has an estimated useful life of 6 years and salvage value is $2,000. 1. Determine the cost component of the machine. Marking Scheme: .5 mark for every cost component x 4 = 2 Marks 2. Compute the total costs of the machine. Marking Scheme: Correct formula & answer =...
[The following information applies to the questions displayed below.] Randy’s Restaurant Company (RRC) entered into the...
[The following information applies to the questions displayed below.] Randy’s Restaurant Company (RRC) entered into the following transactions during a recent year. April 1 Purchased equipment (a new walk-in cooler) for $5,600 by paying $1,300 cash and signing a $4,300 note due in six months. April 2 Enhanced the equipment (by replacing the air-conditioning system in the walk-in cooler) at a cost of $3,300, purchased on account. April 30 Wrote a check for the amount owed on account for the...
Droblem 9.2B R&R Company purchased a new machine on 1 September 2010, at a cost of...
Droblem 9.2B R&R Company purchased a new machine on 1 September 2010, at a cost of $180.000. The machine's estimated useful life at the time of the purchase was five years, and its residual value was $10,000. R&R adopts the cost model as its accounting policy in subsequently measuring its property, plant, and equipment. Instructions S 1 22 GOD a. Prepare a complete depreciation schedule, beginning with calendar year 2010, under each of the methods listed below (assume that the...
I need new and unique answers, please. (Use your own words, don't copy and paste), Please...
I need new and unique answers, please. (Use your own words, don't copy and paste), Please Use your keyboard (Don't use handwriting) Thank you.. Q1- Abdulaziz Co. purchased a machine in 2013 for 50,000 that has a useful life of 5 years with a salvage value of 5,000. Calculate the depreciation expense, accumulated depreciation, book value throughout its useful life using: 1- Straight-line Method. 2- Units of Production Method if the machine produces 100,000 units. Here is a table of...
I need new and unique answers, please. (Use your own words, don't copy and paste), Please...
I need new and unique answers, please. (Use your own words, don't copy and paste), Please Use your keyboard (Don't use handwriting) Thank you.. Q1- Abdulaziz Co. purchased a machine in 2013 for 50,000 that has a useful life of 5 years with a salvage value of 5,000. Calculate the depreciation expense, accumulated depreciation, book value throughout its useful life using: 1- Straight-line Method. 2- Units of Production Method if the machine produces 100,000 units. Here is a table of...
To open a new store, Linton Tire Company plans to invest $312,000 in equipment expected to have a...
To open a new store, Linton Tire Company plans to invest $312,000 in equipment expected to have a six r useful life and no salvage value. Linton expects the new store to generate annual cash revenues of $319,000 and to incur annual cash operating expenses of $189,000. Linton's average income tax rate is 35 percent. The company uses straight-line depreciation. Required Determine the expected annual net cash inflow /outflow from operations for each of the first four years after Linton...
1.a New lithographic equipment, acquired at a cost of $843,200 on March 1 at the beginning...
1.a New lithographic equipment, acquired at a cost of $843,200 on March 1 at the beginning of a fiscal year, has an estimated useful life of five years and an estimated residual value of $94,860. The manager requested information regarding the effect of alternative methods on the amount of depreciation expense each year. On the basis of the data presented to the manager, the double-declining-balance method was selected. In the first week of the fifth year, on March 4, the...
Part I Classify each of the following expenditures related to the purchase of a new computing...
Part I Classify each of the following expenditures related to the purchase of a new computing system of Solar Company as capital expenditure or revenue expenditure: (a) Purchase price, net of sales discount, of the computing system (b) Sales tax paid in conjunction with the purchase of the computing system (c) Insurance expense for delivery of the computing system (d) Interest charges on a note payable issued by Solar Company for part of the purchase price of the computing system...
Part 1-(4 total - 2 marks each) NOTE: To receive full marks, you must show your calculations Use the following information to calculate your answer and place it in the space to the provided. Account May 31 un30 for the month of lune 47,000 34,000 Portion earned $21,000 a. Unearned Revenue Calculate: Total unearned revenue received during June Balance May 31 Account lun30 for 12,500 17,200 Cash payment received, 2,000 b. Accounts Receivable Calculate: New sales on account during June...
looking for Q3
Q3. What are the characteristics of
corporations (1 mark).
Q1. Abdulaziz Co. purchased a machine in 2013 for 50,000 that has a useful life of 5 years with a salvage value of 5,000. Calculate the depreciation expense, accumulated depreciation, book value throughout its useful life using: 1- Straight-line Method. 2- Units of Production Method if the machine produces 100,000 units. Here is a table of units produced each year: First 23,000 Second 25,000 Third - Fourth 30,000...
PART 4.ARAMCO company purchases factory machine at a cash price of $100,000. Related expenditures are sales taxes $3000, Insurance after the installation is $6000 and Installation and testing $1,500. The machine has an estimated useful life of 6 years and salvage value is $2,000. 1. Determine the cost component of the machine. Marking Scheme: .5 mark for every cost component x 4 = 2 Marks 2. Compute the total costs of the machine. Marking Scheme: Correct formula & answer =...
Droblem 9.2B R&R Company purchased a new machine on 1 September 2010, at a cost of $180.000. The machine's estimated useful life at the time of the purchase was five years, and its residual value was $10,000. R&R adopts the cost model as its accounting policy in subsequently measuring its property, plant, and equipment. Instructions S 1 22 GOD a. Prepare a complete depreciation schedule, beginning with calendar year 2010, under each of the methods listed below (assume that the...
To open a new store, Linton Tire Company plans to invest $312,000 in equipment expected to have a six r useful life and no salvage value. Linton expects the new store to generate annual cash revenues of $319,000 and to incur annual cash operating expenses of $189,000. Linton's average income tax rate is 35 percent. The company uses straight-line depreciation. Required Determine the expected annual net cash inflow /outflow from operations for each of the first four years after Linton...
Part I Classify each of the following expenditures related to the purchase of a new computing system of Solar Company as capital expenditure or revenue expenditure: (a) Purchase price, net of sales discount, of the computing system (b) Sales tax paid in conjunction with the purchase of the computing system (c) Insurance expense for delivery of the computing system (d) Interest charges on a note payable issued by Solar Company for part of the purchase price of the computing system...
Most questions answered within 3 hours.
-
You have just been hired by the EPA to help with the new gas
mileage standards...
asked 46 minutes ago -
4) A firm is hit by increases in its wage rate, w.
a) How does this...
asked 1 hour ago -
A square current loop 5.4 cm on each side carries a 510 mA
current. The loop...
asked 3 hours ago -
What are five tips in conducting knowledge assessment/literature
review research? Each of these tips needs to...
asked 3 hours ago -
Antigen presenting cells link innate and adaptive immune
responses. In the theoretical scenario where phagosomes cannot...
asked 3 hours ago -
Dealing with conflict, in my opinion, is a skill and an art. I
believe that those...
asked 4 hours ago -
6. A long straight wire with circular cross section and radius
1.5 cm carries a 1.2...
asked 4 hours ago -
Deacon Corporation has provided the following financial data
from its balance sheet and income statement:
Year...
asked 5 hours ago -
List and discuss at least three variables from everyday life for
which you expect the variable ...
asked 5 hours ago -
A high-pass filter consists of a 1.60 μF capacitor in series
with a 125 Ω resistor....
asked 5 hours ago -
A newly developed artificial intelligence has trouble
distinguishing hand-written numbers from hand-written alphabets.
There are pictures...
asked 5 hours ago -
The carbonate ion CO3 2- has multiple resonance structures.
a. Draw them and assign the hybridization...
asked 5 hours ago