Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The Lord Company purchased a machine on January 2, 2010, for $70,000. The machine had an expected residual value of $10,000, an expected life of eight years or 24,000 hours, and a capacity to produce 100,000 units. During 2010, the company produced 12,000 units in 2,500 hours. In 2011, the company produced 15,000 units in 3,000 hours.
Required:
Prepare a schedule showing the depreciation for 2010 and 2011 and the book value of the asset at the end of 2010 and 2011 for each of the following methods:
1. Straight line
2. Hours worked3. Units of output
describe two business sectors you might want to work in if you were an accountant and explain why in 150 to 200 words.
toggles fishing fleet had 20000 shares of 5 20 par value preferred stock and 15000 shares of 25 par value common stock
sammys shovels had sales of 84108 in 2010. the cost of goods sold was 22205 operating expenses excluding depreciation
in recent years juresic transportation purchased three used buses. because of frequent turnover in the accounting
Equipment on the Cobb's books with a 5-year life was undervalued by $60,000. Any excess fair value attributable to the consideration paid was considered to be goodwill with an indefinite life. Williams Corp. also paid legal and accounting consul..
kim ries tere bax and josh thomas invested 36000 52000 and 60000 respectively in a partnership. during its first
torrence company has two support departments administration and janitorial and three producing departments fabricating
Can financial statement users of not-for-profit hospitals' financial statements expect to be fully informed regarding affiliated parties, such as the linkages between St. Jude Children's Research Hospital, ALSAC, and the foundation cited? Explain.
What constitutes a business expense?
How is business use of car tax deducted?
stockholders of a business enterprise are said to be the residual owners. the term residual owner means that
franklin company reports 1875000 of net income for 2009 and declares 262500 of cash dividends on its preferred stock
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd