Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. you buy an asset with a purchase price of $5,000 a

You buy an asset with a purchase price of $5,000 and your shipping is $1,000. It...

90.2K

Verified Solution

Question

Finance

  1. You buy an asset with a purchase price of $5,000 and yourshipping is $1,000. It has a 3 year class life. Show a depreciationschedule below that includes both the depreciation each year andthe book value each year.
  2. If the working capital changes in number 1 are a negative $500show the depreciation schedule.

Answer & Explanation Solved by verified expert
4.5 Ratings (952 Votes)
CASE 1 Purchase price of the asset 5000 Shipping cost 1000 As total cost of asset includes original cost of the asset and transportation the total cost would be 6000 Total cost of the asset Purchase price    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

You buy an asset with a purchase price of $5,000 and yourshipping is $1,000. It has a 3 year class life. Show a depreciationschedule below that includes both the depreciation each year andthe book value each year.If the working capital changes in number 1 are a negative $500show the depreciation schedule.

Other questions asked by students

Q

The price of a European call that expires in six months and has a strike price...

Advance Math
Q

The concentration of CO2 is lower inside a plant cell than in the atmosphere (outside the...

Biology
Q

Long-term Potentiation (LTP) and Long-term Depression (LTD). Please discuss these two forms of synaptic plasticity that can...

Medical Sciences
Q

Why is the emission frequency lower than the excitation? What happens to the difference in energy?

Physics
Q

The function of the neuromuscular junction is to OA connect sensory neurons directly to muscle...

Biology
Q

The figure shows an overhead view of a ring that can rotate about its center...

Physics
Q

Describe the transformation of g x x 1in relation to its parent function f x...

Basic Math
Q

Lavage Rapide owns and operates a large automatic car wash facility near...

Accounting
Q

Ovation Company has a single product called a Bit. The company normally produces and sells...

Accounting
Q

Vulcan Company's contribution format income statement for June is as follows: \table[[\table[[For the]],\table[[ulcan Company],[come...

Accounting
Q

required to span the entire neighborhood? A. 1750 B. 1800 C. 1850 D. 900

Accounting
Q

Mars Limited has total debt of $70 million, total equity of $30 million, total assets...

Finance