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Buff Company purchased equipment for $500,000 cash on July 1, 2006. The estimated life is 5 years or 1,000,000 units; salvage value is estimated at $50,000. Actual activity was 180,000 units in 2004 and 200,000 units in 2006.
Instructions Compute the annual depreciation expense for 2006 and 2007, and book value at December 31, 2007, under the straight-line method.
2006 depreciation = $
2007 depreciation = $
12/31/07 book value = $
fixed costs are 600000 and the variable costs are 75 of the unit selling price. what is the break-even point in
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on december 31 2004 the account unearned rent revenue had a balance of 3300 on the books of joliet corporation after
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The company credits the lockbox fees of customers who pay in advance to the Unearned Lockbox Fees account. Of the amount credited to this account during the year, $5,630 had been earned by August 31.
income statement itemsgain on sale of marketablesecurities.........................42000loss on sales of
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Calculate the amount of dividends declared during 20x8 on the nonconvertible preferred stock.
Does the AICPA Code of Professional Conduct discuss the collegial responsibilities of CPA firms?In your opinion,were representatives of either Ernst & Young or Kenneth Leventhal &Company unprofessional in this regard during their congressional tes..
during march the production department of a process manufacturing system completed a number of units of a product and
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