Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 28, 2024

A company is exploring the impact of the two method of depreciation. On 1 January,it bought a machinery for $15,000. The methods are (i) straight

A company is exploring the impact of the two method of depreciation. On 1 January,it bought a

machinery for $15,000. The methods are (i) straight line where useful lifeis 4 years and residual value

is $2,000 and (ii) Reducing balance method -at the rateof 20% per annum. Show how the company's

profit be affected if the staright linemethod is used rather than the reducing method?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Accounting

Authors: Timothy Doupnik, Hector Perera

3rd Edition

978-0078110955, 0078110955

More Books

Students also viewed these Accounting questions

Question

★★★★★

Refer to the data provided in Exercise 13-7 for Dorsey Corporation and Lansing Company. Required: Translate (remeasure) the account balances of Lansing into dollars assuming that the dollar is the...

Answered: 1 week ago

Question

★★★★★

Basic Cost Flow Model: The following events took place at the Fleetfoot Shoe Corp. for the current year. 1 . Purchased $80,000 in direct materials. 2. Incurred direct labor costs of $42,000. 3....

Answered: 1 week ago

Question

★★★★★

describe threats to successful implementation of control-enhancing change projects;

Answered: 1 week ago

Question

★★★★★

A 3.00-m-long, 240-N, uniform rod at the zoo is held in a horizontal position by two ropes at its ends (Fig. 11.30). The left rope makes an angle of 150° with the rod and the right rope makes an...

Answered: 1 week ago

Question

★★★★★

A network administrator subnets a class B network into subnets with /18 prefix. a. How many equal-sized subnets are created? b. How many valid host addresses are available on each of those subnets? A...

Answered: 1 week ago

Question

★★★★★

Ross Company is a corporation providing medical diagnostic services. Ross has used the cash method since inception because its gross receipts did not exceed $5,000,000. This year, its average annual...

Answered: 1 week ago

Question

★★★★★

Variance Computations and Explanations Tarptent manufactures camping tents from a lightweight synthetic fabric. Assume the company's two-person tent has a standard materials cost of $60, consisting...

Answered: 1 week ago

Question

★★★★★

For a set of 70 coin flips, we record 21 heads and 49 tails. 1) If p is the true probability of heads, what is our best estimate for p here? 2) What is our best estimate for the standard deviation

Answered: 1 week ago

Question

★★★★★

Question 1 Corinth Biotech Limited (CBL) started operations in January 2018. CBL reports under IFRS. The following activities occurred during the year: 1. On January 31, 2018, the shareholder, John...

Answered: 1 week ago

Question

★★★★★

Andreti Company has a single product called a Dak. The company normally produces and sells 86,000 Daks each year at a selling price of $56 per unit The company's unit costs at this level of activity...

Answered: 1 week ago

Question

★★★★★

Please slove fast and use Australian taxation law for reference Steve is an editor employed full time at a major Australian book publisher "WritePublishing". In his spare time, Steve enjoys writing...

Answered: 1 week ago

Question

★★★★★

What is the cerebrum?

Answered: 1 week ago

Question

★★★★★

7. List examples from your everyday situation where using the CI strategy could have provided a better solution in a communication situation than the solutions you chose.

Answered: 1 week ago

Question

★★★★★

6. What is meant by: accessibility carries greater weight than relevance?

Answered: 1 week ago

Question

★★★★★

1. To learn how to develop a vision that can be communicated. To gain insight into the importance of game theory for communication strategies.

Answered: 1 week ago

Previous Question Next Question