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A company purchased a computer system on Jan 1, 2001 for $1,600,000. Prepare the journal entries to record depreciation for the first 6 months of 2003 an the sale of the computer assuming it is sold on July 1,2003, for $1,000,000 cash. The straight-line method of depreciation was used bases on an expected life of six years and a salvage value of $130,000.
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An analysis of the general ledger accounts indicates that office equipment which cost $68,000 and on which accumulated depreciation totaled $22,500 on the date of sale was sold for $39,600 during the year.
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Which factor is considered when determining a dividend policy?
speedy taxi service uses the units-of-activity method in computing depreciation on its taxicabs. each cab is expected
head-gear company produces helmets for bicycle racing. currently head-gear charges a price of 230 per helmet. variable
Provide your manager a comparison of the current reporting for debt,explaining the requirements for each type (bond, mortgage, capital lease, andothers). Then, prepare the journal entries for the restructuring.
enter the following column headings across the top of a sheet of papertransaction cash other assets liabilities paid-in
Maris Co. purchased a machine on January 1, 2013, for $1,200,000 for the express purpose of leasing it. The machine is expected to have a five-year life, no salvage value, and be depreciated on a straight-line monthly basis.
on january 1 2011 cedar company was authorized to issue 40000 shares of 6 par common stock and 20000 shares of 16
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