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Dodgy Dave purchased a new truck for his gardening and landscaping business on 1 January 2017 at a cost of $63,800 GST Inclusive. The estimated residual value is $8,000. The truck has a useful life of 5 years and the business expects to use it for 160,000 Kilometers. It was used for 22,000 Kilometers in year 1; 30,400 Kilometers in year 2; 28,000 Kilometers in year 3; 34,500 Kilometers in year 4; 32,600 Kilometers in year 5. The end of financial year is 30 June.
Problem 1: Calculate depreciation using the straight-line method for 2017 and 2018
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How much gain must B recognize? Three individuals A, B and C form X corporation during the current year. Each transfers the assets
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What is the current contribution margin per unit for component D53 based on its selling price of P150 and its annual production of 8,000 units?
The probability that a randomly picked daily sale of this product is 105 or above, what is the z-value that you should look up on the normal distribution table?
The balance in Phillips Company's investment account on 31st December, 2003, was $54,000.
George Jefferson established a trust fund that provides $181,500 in scholarships each year for worthy students. The trust fund earns a 3 percent rate of return. How much money did Mr. Jefferson contribute to the fund assuming that only the interest i..
Prepare journal entries to record the following transactions involving the short-term securities investments of Duke Co., all of which occurred during year 2013. On March 22, purchased 890 shares of RIP Company stock at $28 per share plus a $210 brok..
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An investment has the following cash flows. Should the project be accepted if it has been assigned a required return of 9.5%? Why or why not?
Little Company borrowed $48,000 from Sockets on January, Prepare the journal entry for Sockets' third installment payment received on December 31, 2023.
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