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A machine with a cost of $80,000 has an estimated residual value of $5,000 and an estimated life of 5 years or 15,000 hours. It is to be depreciated by the units-of-production method. What is the amount of depreciation for the second full year, during which the machine was used 5,000 hours?
woodpecker co. has 296000 in accounts receivable on january 1. budgeted sales for january are 860000. woodpecker co.
Which of the following would be considered advantages of the Small Cases Division of the Tax Court?
in your personal investment portfolio what have you done to minimize unsystematic risk? has it been successful? explain
what is the total product cost for an item? it costs 11.15 to produce this includes packaging. below are the important
This equipment replaces old equipment that was sold for $10,000 cash. Ignoring income taxes, the new equipments has a pay-back period of:
A hurricane completely destroyed her duplex the current year. Julie lived in one-half of the duplex and rented out the other half. Julie paid $400,000 for the duplex and has taken $80,000 of cost recovery on the rental portion of the duplex. Th..
kinnear plastics manufactures various components for the aircraft and marine industry. kinnear buys plastic from two
a company is using the high-low method and has determined the following production for the months of january february
if an auditor performs a test of controls and determines that internal controls relevant to cash disbursements are in
love theatre inc. owns and operates movie theaters throughout new mexico and utah. love theatre has declared the
Prepare journal entries relating to the stock option plan for years 2010, 2011, and 2012. Assume that the employee performance services equally in 2010 and 2011.
brown corp. is thinking of investing 70000 to start a bookstore. brown plans to withdraw 15000 from the business at the
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