Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 24, 2021

cost of computer is =$10000 useful life = 20 yrs salvage value=? using the straight line, method the depreciation expense every year and journal entries?

cost of computer is =$10000

useful life = 20 yrs

salvage value=?

using the straight line, method the depreciation expense every year and journal entries?

Step by Step Solution

★★★★★

3.44 Rating (154 Votes )

There are 3 Steps involved in it

Step: 1

Answer Slvge vlue is the munt tht n sset is estimted t be wrth t the end f its useful life It ... blur-text-image

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

Intermediate Accounting

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

13th Edition

9780470374948, 470423684, 470374942, 978-0470423684

More Books

Students also viewed these Accounting questions

Question

★★★★★

Pooh Inc. constructed a machine at a total cost of $70 million. Construction was completed at the end of 2010 and the machine was placed in service at the beginning of 2011. The machine was being...

Answered: 1 week ago

Question

★★★★★

A food manufacturer is purchasing special handling devices for food and beverages for $100,000. They can be sold for $25,000 at the end of a 5-year depreciable life. Find the amount of depreciation...

Answered: 1 week ago

Question

★★★★★

Depreciate this machine using the straight line and double declining methods The machine cost 50 000 and has 10 000 residual as well as a useful life of 5 years

Answered: 1 week ago

Question

★★★★★

In the first case, the relationship between F and H is found to be inverse when the height decrease the area will increase, and the force will increase too. Therefore, I need a logical and practical...

Answered: 1 week ago

Question

★★★★★

A business analyst at a major real estate firm wants to build a regression model that will predict the price of a single- family home based on a number of explanatory variables. The real estate firms...

Answered: 1 week ago

Question

★★★★★

Cash collections for Wax On Candles found that 60% of sales were collected in the month of the sale, 30% was collected the month after the sale, and 10% was collected the second month after the sale....

Answered: 1 week ago

Question

★★★★★

In a survey concerning public education, 400 school administrators were asked to rate the quality of education in Canada. Their responses are summarized in Table 1.1. Construct a pie chart and a bar...

Answered: 1 week ago

Question

★★★★★

An investigator wants to take an unequal-probability sample of 10 of the 25 psus in the population listed below and in file exercise0602.dat, and wishes to sample units with replacement. a. Adapt the...

Answered: 1 week ago

Question

★★★★★

Calculate inventory using lower of cost and net realizable value ( LO 6 - 6 ) E 6 - 1 3 Home Furnishings reports inventory using the lower of cost and net realizable value ( NRV ) . Below is...

Answered: 1 week ago

Question

★★★★★

A firm has three investment alternatives. Payoffs are in thousands of dollars. a. Using the expected value approach, which decision is preferred? b. For the lottery having a payoff of $100,000 with...

Answered: 1 week ago

Question

★★★★★

explain Question 2 [33 points] Answer the following questions using the following information. Columns 1 and 2 in the table below show the marginal utility that Cody gets by purchasing products A and...

Answered: 1 week ago

Question

★★★★★

811 3 4 5 XVfx A B C D E G MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $4 per pound and 0.8 direct labor hours at a rate of $16 per hour....

Answered: 1 week ago

Question

★★★★★

. The Skills Model of leadership outlines three "skills" needed for top management, middle management and supervisory management. Describe the three skills and explain when they are needed in the...

Answered: 1 week ago

Question

★★★★★

5. Consider the language, L, using the alphabet A = {a, , y} defined by: a word w is in L if and only if the number of a's times the number of 's equals the number of y's. So yaay is in L but ayayy...

Answered: 1 week ago

Question

★★★★★

Kohler Corporation reports the following components of stockholders' equity at December 31 of the prior year. Common stock-$20 par value, 100,000 shares authorized, 50,000 shares issued and...

Answered: 1 week ago

Question

★★★★★

Assessment Instructions 1. Answer the following four questions: i. What are your career goals? ii. What are you really good at professionally? iii. What are you not good at or not interested in doing...

Answered: 1 week ago

Question

★★★★★

For Mardi Gras, Sassy Southerner Boutique purchased 700 sets of boxed jewelry sets to sell for $19.99.150 boxes were sold at the regular price. Then, to encourage more customers to purchase the boxed...

Answered: 1 week ago

Question

★★★★★

Evaluate each logarithm to four decimal places. log 0.257

Answered: 1 week ago

Question

★★★★★

Coldwell, Inc. issued a $100,000, 4-year, 10% notes at face value to Flint Hills Bank on January 1, 2011, and received $100,000 cash. The note requires annual interest payments each December 31....

Answered: 1 week ago

Question

★★★★★

Where can authoritative iGAAP guidance related to leases be found?

Answered: 1 week ago

Question

★★★★★

Treatment of Various Interim Reporting Situations the following statement is an excerpt from the FASB pronouncement related to interim reporting. Interim financial information is essential to provide...

Answered: 1 week ago

Question

★★★★★

The city council of Pine Bluffs is considering increasing the number of police in an effort to reduce crime. Before making a final decision, the council asked the chief of police to survey other...

Answered: 1 week ago

Question

★★★★★

The following sample observations were randomlyselected.

Answered: 1 week ago

Question

★★★★★

The following sample observations were randomly selected. a. Determine the regression equation. b. Determine the value of y when x is7.

Answered: 1 week ago

Previous Question Next Question