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Three different companies each purchased a machine on January 1, 2014, for $84,000. Each machine was expected to last five years or 200,000 hours. Salvage value was estimated to be $4,000. All three machines were operated for 54,000 hours in 2014, 56,000 hours in 2015, 40,000 hours in 2016, 46,000 hours in 2017, and 41,000 hours in 2018. Each of the three companies earned $40,000 of cash revenue during each of the five years. Company A uses straight-line depreciation, company B uses double-declining-balance depreciation, and company C uses units-of-production depreciation.
Calculate the amount of net income for all companies in 2014?
a company reports the followingnet sales 900000average accounts receivable net 50000.determine the a accounts
In 2009, Mark has $18000 short-term capital loss, $7000 long term gain, and $6000 long term gain. Which of the statements below is correct?
Determine the amount of interest to be capitalized in 2010 in relation to the construction of the building. Prepare the journal entry to record the capitalization of interest and the recognition of interest expense, if any, at December 31, 2010."
The Harvester Corporation issued 40 shares of $20 par value stock to its accountant. The shares are in full payment for her $900 fee for assistance in setting up the new company. The entry to record the issuance of the stock would include a:
Downhill Inc. sells, rents, and services ski equipment.Information about the company's financial performance for a recent fiscal period is provided below.
Develop and examine conflicting perspectives based on your chosen article. Write your comments to share and invite others to participate with their views.
The cost of the merchandise returned was $390. Journalize Stuckey Co.'s and Bullock Co.'s entries for the receipt of the check for the amount due from Bullock Co.
Thai Bay's computer system generated the following trial balance on December 31, 2011. The company's manager knows something is wrong with the trial balance.
it costs lannon fields 21 of variable costs and 9 of allocated fixed costs to produce an industrial trash can that
Northwest Equipment offers a 3% discount to customers who pay cash at the time of sale and a 2% discount to customers who pay within the first 10 days of the month after sale. Compute the total cash budgeted to be collected in March if sales forecast..
ginvold co. began operating a subsidiary in a foreign country on january 1 2011 by acquiring all of the common stock
renfree mines inc. owns the mining rights to a large tract of land in a mountainous area. the tract contains a mineral
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