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(What is the Salvage value 14,000 or 35,000?) July 1, 2016, Alpha purchased for $76,000, equipment having a service life of eight years and an estimated residual value of $14,000. Alpha has recorded depreciation of the equipment using the straight line method. On December 31, 2018, before making any annual adjusting entries, the equipment was exchanged for new machinery having a fair value of $35,000. The transaction has commercial substance.
he present value of an annuity due of 1 for 6 years at 12 percent is 4.6048, what is the lease liability that Stockton should report on the balance sheet at December 31, 2008?
Susan Braun’s regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in excess of 40 hours. During a January pay period, Susan works 48 hours. Susan’s federal income tax withholding is $97, and she has no voluntary deduction..
The gross margin amounts for Blue Co. were $40,000, $44,000, and $50,000, respectively, for the years 2010 through 2012. If 2010 is the base year for a trend analysis, the appropriate percentages for 2011 and 2012 are:
What are the similarities and differences in format of the two cash flow statements and Comparison of direct and indirect format of income statement
Calculate the mix and yield variances for direct labour - Analysts at Spring Break Ltd. have gathered the data
Merry Company purchased a machine costing $125,000 for its manufacturing operations and paid shipping costs of $20,000. Merry spent an additional $10,000 testing and preparing the machine for use. What amount should Merry capitalize as the cost of th..
Research three reported data breeches the have occurred in the U.S since January 1, 2014. Write a five page paper on the researched data breeches. The paper should include the Corporation where the breech occurred, the date of the breech, the number ..
Purpose the journal entries that Big made through the year because of its investment in Little, you must use the same technique as you did in part a
evaluating an ethical dilemma earnings inventory purchases and management bonusesmicro warehouse was a computer
Given the following list of processes, the standard deviation for each, and specifications for a job that may be processed on that machine, determine which machine/machines is/are capable of performing the given jobs. Process Standard Deviation (in.)..
Discuss the following statment in your own words in detail:"Creditors and stockholders are reluctant to invest money in a company that does not generate enough cash from operating activities to assure prompt payment of maturing liabilities, interest ..
All of the following are correct statements about the market-based approach except that it
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