A diesel-powered tractor with a cost of $180,000 and estimated residual value of $18,000 is expected to
Question:
A diesel-powered tractor with a cost of $180,000 and estimated residual value of $18,000 is expected to have a useful operating life of 36,000 hours. During February, the tractor was operated 156 hours. Determine the depreciation for the month.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (16 reviews)
156 hours at 450 702 ...View the full answer
Answered By
ASHWANI NAVIN
Sound Knowledge of Direct Tax, Indirect tax and Accountancy. Easily make understand and learn within short period of time to the students. A large experience of teaching of Accounts of 11th, 12th, CA-IPCC, MBA, BBA, B.Com and M.Com. Provide consultancy of GST to many corporate.
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Accounting
ISBN: 978-1305088436
14th edition
Authors: Carl S. Warren, Jim Reeve, Jonathan Duchac
Question Posted:
Students also viewed these Accounting questions
-
A diesel-powered tractor with a cost of $145,000 and estimated residual value of $7,000 is expected to have a useful operating life of 75,000 hours. During July, the generator was operated 150 hours....
-
A diesel-powered tractor with a cost of $185,000 and estimated residual value of $37,000 is expected to have a useful operating life of 40,000 hours. During February, the generator was operated 140...
-
A diesel-powered tractor with a cost of $215,000 and estimated residual value of $27,000 is expected to have a useful operating life of 80,000 hours. During October, the generator was operated 380...
-
Value Mapping Use the attached information to map the current state map and future state map. Jack's Taxes Jack is a CPA and maintains a practice in personal, self-employed and small business income...
-
A consumer entered into an agreement with Rent-It Corporation for the rental of a television set at a charge of $17 per week. The agreement also provides that if the renter chooses to rent the set...
-
Why do the US and France have stock exchange regulators as accounting standards enforcement bodies, whereas the UK does not?
-
1 Consider the implications of differences on Hofstedes first two dimensions of culture for management in the countries concerned. For example, what would Hofstedes conclusions lead you to predict...
-
Gaseous hydrogen at 10 bars and 27C is stored in a 100-mm-diameter spherical tank having a steel wall 2 mm thick. The molar concentration of hydrogen in the steel is 1.50k mol/m3 at the inner surface...
-
QUESTION 4 (20 marks) (a) Computer-Assisted Audit Techniques (CAATS) are used to assist an auditor in the collection of audit evidence from computerised systems. YOU ARE REQUIRED TO: List and briefly...
-
"Part 1: PLE originally produced lawn mowers, but a significant portion of sales volume over recent years has come from the growing small- tractor market. As we noted in the case in Chapter 1, PLE...
-
Financial statement data for years ending December 31 for Davenport Company follows: _________________________2016 _____________2015 Sales ......................... $1,668,000 .................
-
A John Deere tractor acquired on January 4 at a cost of $120,000 has an estimated useful life of 25 years. Assuming that it will have no residual value, determine the depreciation for each of the...
-
What factors would you consider when evaluating an SaaS vendor? Which firms are more appealing to you and why?
-
Sketch the curves with equations given in question 3 parts a, b, c and d, labelling any stationary points with their coordinates. Data from Question 3 Find the coordinates of the points where the...
-
Trace the polygon and point P on paper. Then draw a rotation of the polygon the given number of degrees about P. 130 Q R T P S
-
Name any devices other than the three mentioned in Section 31. 1-battery, solar cell, and electric generator that can act as a power source in an electric circuit. Data from Section 31. 1...
-
A thick resistor and a thin resistor of the same length and material are connected in series, as shown in Figure 31. 29. Which resistor has \((a)\) the greater potential difference across it and...
-
Note that the amount of 25k that has already been spent on developing the website is not included in this analysis, as it represents a sunk cost. The decision rule for ARR is that a project should be...
-
The table lists visits for each of the four clinics operated by your system. You anticipate that volumes will increase by 4 percent next year. Forecast the number of visits for each clinic, and...
-
Whats the difference between an ordinary annuity and an annuity due? What type of annuity is shown below? How would you change the time line to show the other type of annuity?
-
(a) If Lind Company had net income of $300,000 in 2011 and it experienced a 24.5% increase in net income for 2012, what is its net income for 2012? (b) If 6 cents of every dollar of Linds revenue is...
-
Name the major ratios useful in assessing (a) Liquidity and (b) Solvency. Discuss.
-
Ron Singer is puzzled. His company had a profit margin of 10% in 2012. He feels that this is an indication that the company is doing well. Teresa Ridley, his accountant, says that more information is...
-
Calculate the current ratio and the quick ratio for the following partial financial statement for Tootsie Roll Note: Round your answers to the nearest hundredth
-
Required information Skip to question [ The following information applies to the questions displayed below. ] Golden Corporation's current year income statement, comparative balance sheets, and...
-
Glencove Company makes one model of radar gun used by law enforcement officers. All direct materials are added at the beginning of the manufacturing process. Information for the month of September...
Study smarter with the SolutionInn App