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Question - A firm of lawyers purchases three new computers costing $3000 each. Experience with previous computers suggests that they will need to be updated after 4 years. At the end of this period, the second-hand value of each machine is estimated to be just $200.
a) Using the straight-line method of depreciation, calculate the depreciation allowance per year for the computers.
b) Calculate the book value of one computer in its third year of use.
Carlos has just bought a new van for $40,000 to provide customers with a delivery service. The van has a useful life of 4 years and he expects to sell it for $8000 at the end of its life.
a) Calculate the annual depreciation expense for the van.
b) Calculate the book value of the van at the end of its second year.
What is the fair value of LL's net assets and the amount of the increase in BB's stockholders equity as a result of the combination
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Prepare the journal entries for December 2019. Assume 15 percent of the amounts billed to patients will be reduced through implicit price adjustments
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on july 23 of the current yearserena mining co. pays 4612500 for land estimated to contain 5125000 tons of recoverable
You are looking into purchasing computer equipment for your at-home business, personal recruiting. Since you are just starting out, you have set an initial budget of 1500.00
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The stock is expected to pay a P2.00 dividend at the end of the year. What is the GLOBAL Technology Beta
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Ice Cold Corporation makes dorm-size refrigerators. If Ice Cold Corporation accepts the offer, what will be the short-run impact on income
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