Answer / shashi sharma

Straight line depreciation]

On April 1, 2011, Company A purchased an equipment at
the cost of $140,000. This equipment is estimated to have 5
year useful life. At the end of the 5th year, the salvage
value (residual value) will be $20,000. Company A
recognizes depreciation to the nearest whole month.
Calculate the depreciation expenses for 2011, 2012 and 2013
using straight line depreciation method.

Depreciation for 2011
= ($140,000 - $20,000) x 1/5 x 9/12 = $18,000

Depreciation for 2012
= ($140,000 - $20,000) x 1/5 x 12/12 = $24,000

Depreciation for 2013
= ($140,000 - $20,000) x 1/5 x 12/12 = $24,000

Explain Openpages Regulatory Compliance Management?

0 Answers   IBM,

---

why to choose merger and acquisition as a field for career?

0 Answers   TATA,

---

How is an investment decision different from a financing decision?

5 Answers  

---

What is REPO rate and reverse REPO rate

0 Answers   IBPS, RBI, State Bank Of India SBI,

---

mis & qis formats

0 Answers   Kensoft Infotech, Lucky Cement,

---

What is the Full form of RTGS and what are the features and benefits?

0 Answers  

---

Who is co-operative bank regulator?

0 Answers   Nabard,

---

explian Mobile Banking?

0 Answers  

---

What are Regional Rural Banks?

1 Answers  

---

What are the features of negotiability?

0 Answers  

---

What is nominal account ?

18 Answers   BPO,

---

What will your work strategy in handling the recent changes in the banking sector?

0 Answers   RBI,

---