Purchase Solution

Accounting Depreciation for a Pressurized Spray Painter

Not what you're looking for?

Ask Custom Question

A pressurized spray painter was purchased on April 1 of the fiscal year for $3,900. It has a useful life of 4 years and a residual value of $300. Determine depreciation expense for the first two years, assuming a fiscal year end of December 31 and using (a) the straight-line method and (b) the double-declining-balance method.

Purchase this Solution
Solution Summary

The expert examines accounting depreciation for a pressurized spray painter.

Solution Preview

(A) Straight Line Method

Depreciable cost = 3900-300 = 3600
Deprreciation for each useful life = ...

Purchase this Solution
Free BrainMass Quizzes
Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking

Basics of corporate finance

These questions will test you on your knowledge of finance.

SWOT

This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.

Writing Business Plans

This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.

Transformational Leadership

This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.

View More Free Quizzes
Related BrainMass Solutions

  • MANAGEMENT ACCOUNTING PROBLEMS.

    This solution is comprised of a detailed explanation to answer the management accounting problems.

  • Capital Budgeting and Budget Analysis

    Beauty Gloss is of fairly recent origin, having been developed as an attempt to enter a market closely related to that of Cocooning Spray. Beauty Gloss is produced on an automated production line.

  • 10 Multi choice tax questions

    On a particular Saturday, he had planned to paint a room in his house, but his employer requested that he work that day. Because Albert had to work, it was necessary for him to hire a painter. By working and hiring a painter, Albert will: A.

  • Construction Cost Estimate - Trusses and Columns

    The painting will be done by a crew of 3 painters (structural steel) with spray equipment.

  • Relevant Information - Make or Buy Decision

    Have a great day, JP Curtis Corporation is beginning to manufacture Mighty Mint, a new mouthwash in a small spray container.

  • Discuss the allocation of costs

    For the orange juice manufacturing process, the operations manager would like to propose a use for the orange peel waste?an essence of orange room-deodorant spray.

  • Managerial accounting - Quality Control Costs

    89488 Managerial accounting - Quality Control Costs Rainbow Spray Paints, Inc. has used a traditional cost accounting system to apply quality control costs uniformly to all products at a rate of 16 percent of direct-labor cost.

  • Design of a cylindrical, pressurized water tank

    55970 Design of a cylindrical, pressurized water tank You are assigned the design of a cylindrical, pressurized water tank for a future colony on Mars, where the acceleration due to gravity is 3.71 meters per second per second.

  • Pull and Push Promotion

    The customers will take the coupons to the retailers and will ask for the spray. This will pull the spray through the supply chain. The retailer will ask the wholesaler for more sprays.

View More Related Solutions