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Question - A company purchased a machine for $75,000 that was expected to last 6 years and to have a salvage value of $6,000. At the beginning of the machine's fourth year the company decided that the machine's estimated useful life should be revised to a total of 10 years instead of 6 years. Also, the salvage value was re-estimated to be $5,500. Straight-line depreciation was used throughout the machine's life. Calculate the depreciation expense for the fourth year of the machine's useful life.
what was the average annual rate of return on long-term government bonds 30-year treasury bonds during the period 1984
Explain the concepts of How are the concepts of relevance and materiality related?
What would be the more appropriate basis of overhead application: printing press machine hours or direct labor hours? Given the choice of driver, are there any implications to consider for under or over applied overhead?
hal steveand lew form a partnership to operate a grocery store. for each of the following contributions by the partners
Prepare a 2-3 page analysis discussing what you found as a result of your analysis and what internal controls you would recommend to the owner of ABC Co.
A Club has food sales of $4,000,000 and a food cost of 40%. The club's current ratio is 2, its food inventoryturnover ratio is 16, and its average collection period is 45 days. assume a year has 360 days.
What is the effect of the errors on 2009 net income before taxes?
Prepare the journal entries for these transactions, assuming that the common stock has a par value of $3 per share. Prepare the journal entries for these transactions, assuming that the common stock is on-par with a stated value of $2 per share.
Explain the rationale for recognizing costs as expenses at the time of product sale.
explain how each of the following events or series of events and the related adjusting entry will affect the amount of
Insurance Company begins processing casualty claims
What is the impact on cash from Sony selling its old Tokyo headquarters? Would the sale of the Tokyo buildings be a source of cash or a use of cash for sony
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