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What else can I help you with?
What must be known In order to calculate the third years depreciation on an asset using the sum of the years digits method?
Original cost, estimated salvage value, and estimated useful life.
How do you record amortization expense for machinery and truck?
machinery 750 000...accum. amort. machinery 340 000truck 120 000...accum amort. truck 40 0001. remaining useful like 8 yrs; estimated residual $110 0002. remaining useful life 4 yrs; estimated residual $30 000
What is defined as the estimated time period that an asset will be used?
The estimated time period that an asset will be used is known as its "useful life." This period reflects how long the asset is expected to provide economic benefits to the owner before it is retired or becomes obsolete. Useful life is important for accounting and depreciation purposes, as it helps determine how the asset's cost is allocated over time.
What makes an asset a capital asset?
Estimated useful life of two years or more Original purhcase price equal to or greater than $100,000
Is Equipment a Administrative Expense?
No, equipment is not considered an administrative expense. Instead, it is classified as a capital asset on the balance sheet and is typically subject to depreciation over its useful life. Administrative expenses generally include costs related to the general operation of a business, such as salaries, office supplies, and utilities, rather than the purchase of physical equipment.
What is the Estimated Useful Life of fitness equipment?
10 years typically
What is the estimated useful life of office equipment?
The estimated useful life of office equipment typically ranges from 3 to 10 years, depending on the type of equipment and its usage. For instance, computers and printers may last around 3 to 5 years, while furniture and larger machines like copiers can last up to 10 years or more. Factors such as technological advancements, maintenance, and the intensity of use can also influence the lifespan of office equipment. Regular assessments can help organizations determine when to replace or upgrade their equipment.
What are the advantages and disadvantages of play fair cipher?
The Playfair Cipher is useful because it requires no special equipment to use. However, it was invented in 1854 and is antiquated and rarely used in the present.
Is stretching equipment very useful for fitness?
Stretching equipment can be useful, but is certainly not necessary. Stretching without equipment is just as effective and will help keep you in great shape.
What is the typical useful life of computer equipment?
The typical useful life of computer equipment is around 3 to 5 years, although this can vary depending on the specific type of equipment and how it is used.
What is the useful life of computer equipment?
The useful life of computer equipment typically ranges from 3 to 5 years, depending on factors such as technological advancements, maintenance, and usage.
What is the Estimated Useful Life of a stove?
About 10-13 years possibly 15.
Which equipment is useful when measuring environmental changes?
barometer and voltmeter
Why aren't metal ores useful?
Metal ores are not useful in their natural state because they contain impurities and need to be processed to extract the metal they contain. The extraction process requires significant amounts of energy, resources, and specialized equipment. Once the metal is extracted, it can be used for various purposes such as manufacturing and construction.
Is modern equipments useful to humans?
You used modern equipment (a computer) to post this question, I would say that is useful to you.
How algebra and trigonometry is useful in your everyday life?
They typically aren't useful in your everyday life unless your job requires them.
What is scrap value?
The estimated value at which an asset is expected to be sold after the end of its useful life.
