accounting questions

Our academic experts are ready and waiting to assist with any writing project you may have. From simple essay plans, through to full dissertations, you can guarantee we have a service perfectly matched to your needs.

GET A 40% DISCOUNT ON YOU FIRST ORDER

ORDER NOW DISCOUNT CODE >>>> WELCOME40

I have to have the answers to these questions within the next 30 minutes
1. International Coffee Trading purchased an automobile for $40,000, and it was estimated to have a $4,000 salvage value at the end of its useful life. The depreciation per month using the straight-line method was $600. Calculate the annual depreciation rate. (Points : 3) 2% 18% 20% 25%
Question 2.2. International Coffee Trading purchased an automobile for $40,000, and it was estimated to have a $0 salvage value at the end of its useful life. The depreciation per month using the straight-line method was $600. Calculate the annual depreciation rate. (Points : 3) 2% 18% 20% 25%
Question 3.3. International Coffee Trading purchased an automobile for $45,000, and it was estimated to have a $5,000 salvage value at the end of its 5-year useful life. Calculate the annual depreciation rate using the double-declining balance method. (Points : 3) 10% 20% 30% 40%
Question 4.4. International Coffee Trading purchased an automobile for $45,000, and it was estimated to have a $0 salvage value at the end of its 5-year useful life. Calculate the annual depreciation rate using the double-declining balance method. (Points : 3) 10% 20% 30% 40%
Question 5.5. International Coffee Trading purchased a machine for $350,000, and it was estimated to have a $50,000 salvage value at the end of its 8-year useful life. Calculate the annual depreciation expense for the third year using the double-declining balance method. (Points : 3) $87,500 $65,625 $49,219 $36,914

Our academic experts are ready and waiting to assist with any writing project you may have. From simple essay plans, through to full dissertations, you can guarantee we have a service perfectly matched to your needs.

GET A 40% DISCOUNT ON YOU FIRST ORDER

ORDER NOW DISCOUNT CODE >>>> WELCOME40

 

 

Posted in Uncategorized