A company's property records revealed the following information about one of its plant assets:CostSalvage ValuePurchase DateEstimated LifeDepreciation Method$450,000$30,00010/017 yearsStraight-lineCalculate the depreciation expense for the asset in Year 1 and Year 2 for the year ended December 31. Year 1________ Year 2 ________
What will be an ideal response?
Year 1 [($450,000 ? $30,000)/7] *3/12 = $15,000
Year 2 ($450,000 ? $30,000)/7 = $60,000
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By comparing the other party's goals, issues, and resistance points with your own, you can define areas where there may be strong conflict (both parties want the same group of things but with differing priorities), simple trade-offs (both parties have a high priority for the same thing), or no conflict at all.
Answer the following statement true (T) or false (F)
Answer the following statements true (T) or false (F)
1) All plant assets are depreciated. 2) The cost of land does not include the cost of fencing and paving. 3) Capitalizing a cost involves crediting the asset account. 4) Land and land improvements are one and the same and therefore must be recorded in single account.
Bluesy Company acquired land and paid for it in full by issuing $700,000 of its 1 . percent bonds payable and 40,000 shares of its common stock, par $10 . The stock was selling at $21 per share and the bonds were trading at 102 . What amount should Bluesy record as the cost of the land?
a. $1,100,000 b. $1,540,000 c. $1,554,000 d. $1,604,000
The transition when the expatriate has completed the international assignment and returns home is known as ______.
A. expatriation B. repatriation C. reverse culture shock D. reentry shock