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Question 1: Mocca Coffee purchased a professional coffee machine on January 1, 2020 for $2,000. It is estimated to be used to produce 10,000 cup of coffee over its 5 years expected useful life, (1. Year-2,500 cup of coffee / 2. Year-2,400 cup of coffee /3. Year-2,100 cup of coffee / 4. Year-2,000 cup of coffee / 5. Year-1,000 cup of coffee) and the residual value is $200. According to the units of production method calculate the depreciation expenses for each year.
On April 1, 2014, Sparky purchased a truck for $50,000 with a salvage value of $7,000 and useful life of 5 years which was depreciated using the straight line method. On October 1, 2016, Sparky decided to change the salvage to $3,630 and a total usef..
Calculate the company's dividend paid per share of common stock. What was the dividend payout? 9% bonds payable $40,000
Given the data below for a firm in its first year of operation, determine net income under the accrual basis of accounting.
Examine the sales budget profit budget cash flow budget and debtor ageing summary. Develop an actual-to-budget variance report using the template provided
Determine Which of the two offers yields the lower price? A retailer is considering the purchase of 250 units of a specific item from either of two suppliers.
The stockholders equity section of Cinrich, Inc.'s balance sheet on January 1, Year3, appeared as follows: Common stock, $24 par, 20,000 shares issued and outstanding $ 480,000. On March 1, Year3, Cinrich reacquired 4,000 shares of common stock at $4..
If you were the accountant of this organisation, what action (if any) would you take? Why? What are the ethical issues involved as a result of the sales
How to record transaction for? The owner of Dependable Security Ltd provides you with the trial balance as at 31 March 2019 as well as
Compute the estimated amount of uncollectible accounts based on the above classi?cation by age groups. Show your calculations in the table
HA2032 - Corporate and Financial Accounting - The different sources a company can use to raise its funds and different classifications of entities for reporting
A $100 million interest two months ago. What is the current value of the swap to the party paying floating? What is its value to the party paying fixed?
Evaluate the CAPs argument involving situations where market value of common stock should be capitalized in certain stock dividend situations.
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