Below is selected information taken from the balance sheet of Huy Corporation as of 12/31/06. 12/31/05...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Below is selected information taken from the balance sheet of Huy Corporation as of 12/31/06. 12/31/05 12/31/06 Land $100,000 $100,000 Machines 70.000 170,000 80,000 Gross P.P&E 180,000 Accumulated depreciation 25.000 $155,000 $10,000 $160.000 $ 5,000 Net P.P&E Depreciation expense 31. The average depreciable life of Huy's depreciable assets as of 2006 is: 32. The average age of Huy's depreciable assets as of 2006 is: 33. The average remaining years left of the depreciable assets as of 2006 are: Below is selected information taken from the balance sheet of Huy Corporation as of 12/31/06. 12/31/05 12/31/06 Land $100,000 $100,000 Machines 70.000 170,000 80,000 Gross P.P&E 180,000 Accumulated depreciation 25.000 $155,000 $10,000 $160.000 $ 5,000 Net P.P&E Depreciation expense 31. The average depreciable life of Huy's depreciable assets as of 2006 is: 32. The average age of Huy's depreciable assets as of 2006 is: 33. The average remaining years left of the depreciable assets as of 2006 are:
Expert Answer:
Related Book For
Posted Date:
Students also viewed these accounting questions
-
The following data were taken from the balance sheet of Gostkowski Company at the end of two recent fiscal years: a. Determine for each year (1) the working capital, (2) the current ratio, and (3)...
-
The following information is taken from the balance sheet of Cheese Wheel Company: Depreciation expense of $15,000 was reported on the 2012 income statement. Equipment with an original cost of...
-
The following data were taken from the balance sheet of Marine Equipment Company: a. Determine for each year (1) The working capital (2) The current ratio (3) The quick ratio. b. What conclusions can...
-
Four years from now you hope to buy your dream car. Today, that car costs $54,500. You expect the price to increase by an average of 3.1 percent per year over the next four years. How much will your...
-
Moon Company is contemplating the acquisition of Yount, Inc., on January 1, 2011. If Moon acquires Yount, it will pay $730,000 in cash to Yount and acquisition costs of $20,000. The January 1, 2011,...
-
Oliver Inc. makes three types of olive oil that can be sold at split-off or processed further and then sold. The joint cost for October is \(\$ 325,000\). The number of ounces in a bottle of each...
-
Refer to the statement of cash flows for Harley-Davidson in Appendix A for the fiscal year ended December 31, 2002, to answer the following: 1. What amount of cash is used to purchase property and...
-
David Dental, DDS, and his unmarried partner, Sally Surgeon, MD, have lived together for the past five years. Both are at the peak of their careers and decide to buy a new show case home in La Jolla,...
-
A football coach hears that a new exercise program will increase upper-body strength better than lifting weights. He is eager to test this new program in the off-season with the players on his high...
-
Billingham Packaging is considering expanding its production capacity by purchasing a new machine, the XC-750. The cost of the XC-750 is $2.75 million. Unfortunately, installing this machine will...
-
A nurse is caring for a client with has schizophrenia and is taking haloperidol the nurse should monitor the client for which of the following adverse effects?
-
Discuss an introductory statement on the purpose and objective of implementing new call center technology. discuss the benefits of the new call center technology. Discuss an example of the...
-
A very brief description of your learning environment context, (e.g., public or private school, Title I, etc.) for your classmates to understand your student learning environment. Provide an example...
-
Kingston wants to engage Disney movie lovers in research on animation topic appropriateness. Kingston stood outside of the cinema polling anyone that came out of "Incredibles 2". Kingston is using...
-
Kenton and Denton Universities offer executive training courses to corporate clients. Kenton pays its instructors $5,364 per course taught. Denton pays its instructors $298 per student enrolled in...
-
21. List and discuss any four estimation techniques that can be used in project management (10 marks) 22. Briefly explain the term Requirement Elicitation (5marks) 24. Briefly discuss the essence of...
-
Exercise 7-3 (Algo) Compute Activity Rates [LO7-3] Green Thumb Gardening is a small gardening service that uses activity-based costing to estimate costs for pricing and other purposes. The proprietor...
-
A sprinkler head malfunctions at midfield in an NFL football field. The puddle of water forms a circular pattern around the sprinkler head with a radius in yards that grows as a function of time, in...
-
Consider the four entries in the preceding brief exercise. In Exercise Required Identify each entry as an accrued expense, an accrued revenue, a deferred expense, or a deferred revenue. 1. Utilities...
-
You are the accountant for a medium-size manufacturer. Your company has some existing debt that requires the company to maintain a current ratio of 1.50 or higher. If the ratio drops below that...
-
Access the 2010 annual report of American Eagle Outfitters by clicking on the About AEO Inc., AE Investment Info, and Historical Annual Reports links at www.ae.com. Also, access the 2010 annual...
-
In this chapter, we discussed the personal qualifications, educational requirements, and experience requirements of different countries. Develop a matrix that includes countries down one side and the...
-
Why are the audits of most of the largest global companies done by the Big Five auditing firms?
-
What are some of the challenges global auditing firms face in trying to service their clients?
Study smarter with the SolutionInn App