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1.At the beginning of 2011, Robotics Inc. acquired a manufacturing facility for $12 million. $9 million of the purchase price was allocated to the building. Depreciation for 2011 and 2012 was calculated using the straight line method, a 25 year useful life, and a $1 million residual value. In 2013, the estimates of useful life and residual value were changed to 20 years and $500,000, respectively. What is depreciation on the building for 2013?
Complete the table below to determine the Cost of Merchandise Sold and the balance of ending inventory.
the illinois corp. which maintains a periodic inventory acquired 12000 of merchandise inventory in january of 2012 but
wigs plus company supplies wigs and hair care products to beauty salons throughout california and the pacific
the charges to work in process-baking department for a period as well as information concerning production are as
Dekon Company's December 31 year-end unadjusted trial balance shows an $8,000 balance is Notes Receivable. Prepare journal entries for December 31 and for the note's maturity date assuming it is honored.
Discuss the business as well as accounting implications of move - management of Lakeland Corporation is concerned because survey data suggest that many potential customers do not buy vehicles
tony and suzie purchased land costing 500000 for a new camp in january 2014. now they need money to build the cabins
The gross margin for a manufacturing company is the excess of sales over:
1. explain the difference between a closed-fact and open-fact situation.2. describe the format of a client memo.3.
coy inc. initially issued 200000 shares of 1 par value stock for 1000000 in 2009. in 2010 the company repurchased 20000
Cooper Corporation purchased a special tractor on December 31, 2012. The purchase agreement stipulated that Fishbone should pay $25,600 at the time of purchase and $7,700 at the end of each of the next 11 years. The tractor should be recorded on D..
direct materials ...standard quantity of hrs 4.6lbs...standard price 2.50 per pound...standard cost 11.50 direct
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