M (no subject) -r XA Younique-Up XG Geology of Ma xG Why is weathe XLStudent- LOL X SRose Kelley | A Xfilm/takeAssignment/takeAssignmentMain.do?invoker%3&takeAssignmentSessionLocator=D&linprogress%3falseO Office 365CalculatoreBookDepreciation by two methodsA Kubota tractor acquired on January 8 at a cost of $68,000 has an estimated useful life of 4 years.This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in thequestions below.Open spreadsheetAssuming that it will have no residual value, determine the depreciation for each of the first two years:a. by the straight-line method. Round your answers to the nearest dollar.First YearSecond Year%24%24b. by the double-dedlining-balance method. Round your answers to the nearest dollar.First YearSecond YearCheck My Work( PreviousNext9:29 PMa10/1/2020

Name: M (no subject) -r XA Younique-Up XG Geology of Ma xG Why is weathe XL
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Description: M (no subject) -r XA Younique-Up XG Geology of Ma xG Why is weathe XLStudent- LOL X SRose Kelley | A Xfilm/takeAssignment/takeAssignmentMain.do?invoker%3&takeAssignmentSessionLocator=D&linprogress%3falseO Office 365CalculatoreBookDepreciation by two

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Business

Accounting

Assuming that it will have no residual value, determine the depreciation for each of the first two years: a. by the straight-line method. Round your answers to the nearest dollar. First Year Second Year 24 b. by the double-dedlining-balance method. Round your answers to the nearest dollar. First Year Second Year %24

Assuming that it will have no residual value, determine the depreciation for each of the first two years: a. by the straight-line method. Round your answers to the nearest dollar. First Year Second Year 24 b. by the double-dedlining-balance method. Round your answers to the nearest dollar. First Year Second Year %24

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Raw material purchased OMR200000,opening stock raw material OMR53000,Paid freight charges OMR 8000, closing stock raw material is OMR60000 and wages paid to labor 30000.The amount of prime cost is: a. OMR261000 b. None of the options c. OMR281000 d. OMR231000 Clear my choice ◀︎ BUSS 104 S 2
On August 1 of year 0, Dirksen purchased a machine for $25,500 to use in its business. On December 4 of year 0, Dirksen sold the machine for $24,000. Use MACRS Table. (Loss amounts should be indicated by a minus sign. Do not round percentages used for calculations. Round other intermediate computations to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.) Problem 11-42 Part-a (Algo) a. What are the amount and character of the gain or loss Dirksen will recognize on the sale? b. Dirksen depreciated the machinery using MACRS (seven-year recovery period). What are the amount and character of the gain or loss Dirksen will recognize on the sale if the machine is sold on January 15 of year 1 instead?
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I only need E. Answers for A - D A: 6.56% B: 6 Years C: NPV 78,529 D: NPV @ 14% -186,142 Please explain the answer for question E. I am unsure how to get it.
Q29 Backlog depreciation is debited to: a. Current cost is calculated and debited to P&L a/c b. Historical cost is calculated and debited to P&L a/c c. Current cost reserve account d. Asset a/c
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You are presented with the following trial balance of Carl Ltd at 31 October 2018.Dr CrR,000 R,000Building at cost 740Buildings, accumulated depreciation, 1 November 2018 60Plant at cost 220Plant, accumulated depreciation, 1 November 2018 110Land at cost 235Bank balance 50Revenue 1,800Purchases 1,105Discounts received 90Returns inwards 35Wages 180Energy expenses 105Trade Payables 250Trade Receivables 320Inventory at 1 November 2018 160Allowance for debtors at 1 November 2018 10Administrative expenses 80Director's remuneration 70Accumulated profit at 1 November 2018 13010% Debenture 50Dividend paid 30R1 Ordinary shares 650Share premium account 803,280 3,280Additional information as at 31 October 2019.a. Closing inventory has been counted and is valued at R75,000b. An invoice of R15 000 for energy expenses for October 2019 has not been received.c. The allowance for debtors is to be increased to 5% of trade receivable.d. Buildings are depreciated at 5% per annum on their original cost,…
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You are presented with the following trial balance of Carl Ltd at 31 October 2018.Dr CrR,000 R,000Building at cost 740Buildings, accumulated depreciation, 1 November 2018 60Plant at cost 220Plant, accumulated depreciation, 1 November 2018 110Land at cost 235Bank balance 50Revenue 1,800Purchases 1,105Discounts received 90Returns inwards 35Wages 180Energy expenses 105Trade Payables 250Trade Receivables 320Inventory at 1 November 2018 160Allowance for debtors at 1 November 2018 10Administrative expenses 80Director's remuneration 70Accumulated profit at 1 November 2018 13010% Debenture 50Dividend paid 30R1 Ordinary shares 650Share premium account 803,280 3,280Additional information as at 31 October 2019.a. Closing inventory has been counted and is valued at R75,000b. An invoice of R15 000 for energy expenses for October 2019 has not been received.c. The allowance for debtors is to be increased to 5% of trade receivable.d. Buildings are depreciated at 5% per annum on their original cost,…
1) The total assets of Best Service is P500,000. Twenty percent (20%) represents the claim of the owner. Its liability, therefore is: a. P100,000 b. P400,000 c. P500,000 d. None 2) The owner’s capital is P50,000. The creditors have 60% claim on the total assets. The correct amount of assets would be: a. P 83,333 b. P 80,000 c. P 30,000 d. P125,000
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