Purchase Solution

Accumulated straight-line depreciation and book value

Not what you're looking for?

Ask Custom Question

An asset purchased by A Corporation for $15,000 ON 01/01/1997 also incurred freight charges of $200 and installation cost of $1,000.The asset had a life expectancy of eight years and a salvage value of $2,800.What are the accumulated straight-line depreciation and book value on 01/01/2000?

Purchase this Solution
Solution Summary

The response provides the steps to compute accumulated straight-line depreciation and book value

Solution Preview

An asset purchased by A Corporation for $15,000 ON 01/01/1997 also incurred freight charges of $200 and installation cost of $1,000.The asset had a life expectancy of eight years and a salvage value of $2,800.What are the accumulated straight-line depreciation and book value on 01/01/2000?

An asset purchased by A Corporation for $15,000 ON 01/01/1997 also incurred freight charges of $200 and ...

Purchase this Solution
Free BrainMass Quizzes
Employee Orientation

Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.

IPOs

This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)

Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.

Change and Resistance within Organizations

This quiz intended to help students understand change and resistance in organizations

Understanding Management

This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.

View More Free Quizzes
Related BrainMass Solutions

  • Trouble Company - Depreciation Calculation

    Depreciation-Equipment = $24,000 + $14,400 + $8,640 = $47,040 This solution is comprised of a detailed explanation and calculation to compute the amount of depreciation expense, book value, and Accumulated Depreciation-Equipment for Trouble Company.

  • Depreciation calculation for Nyland Company

    Straight-line method = (Total cost - Salvage Value)/Useful life 2004 (1,440,000 - 60,000)/5 x 6/12 = 138,000 2005 (1,440,000 - 60,000)/5 x 12/12 = 276,000 Year-End Book Value 2005 = 1,440,000 - 414,000 = 1,026,000 Straight-line method = (Total

  • Problem 10-5A Calhoon Company

    cDouble-declining-balance: (100%/4) x 2 = 50% depreciation rate Year Beginning Book Value Annual Depreciation (50% of Book Value) Accumulated Depreciation at the End of the Year Ending Book Value ($210,000 Cost Less Accumulated

  • depreciation expense: declining-balance

    Straight-line depreciation Declining-balance depreciation See the answer with attachment This solution would explain the calculation of depreciation expense, accumulated depreciation under straight line and declining balance method.

  • Depreciation Computation

    Year-End Book Value ? ? Depreciation Expense for the Year ? ? Second Question is This same company using the straight-line depreciation during 2006 and 2007.

  • Change in Estimate

    The machine has an estimated useful life of nine years and a residual value o $8,000. Bloomer has chosen to use the straight-line method of depreciation.

  • Bickner Company: Depreciation Methods

    Compute for the depreciation for 2008 Book value: 250,000 - 50,000 = 200,000 Depreciable value: 200,000 - 50,000 (salvage value) = 150,000 Depreciation = 150,000/8 = 18,750 4.

  • Straight line depreciation

    line depreciation, book value and balance sheet presentation of fixed assets

  • Depreciation Schedule for a Postage Printing System and Notebook Computer

    The depreciation schedule should include the following information for each year: the year's depreciation, the accumulated depreciation, and year's end-of-book value. Please see the attached file.

View More Related Solutions