Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Penny Corp. purchased a new car on March 1, 2019 for $25,000. The estimated useful life of the car was five years or 500,000 kms. Estimated salvage value was $5,000. The car was driven 120,000 kms. in 2019 and 150,000 kms. in 2020.
Required:
Question 1: Calculate the depreciation for 2019 and 2020 using 1. The straight-line method 2. Usage method (kms.) 3. Double-declining balance method.
Question 2: Assume where applicable that the company uses the ½ year rule to calculate depreciation expense in the year of acquisition and disposal.
Using the information provided, calculate this firm's ROA, ROE, gross profit margin, and quick ratio. If this firm's WACC is 6.6% and the average firm in its industry has an ROA of 8%, is this firm earning above or below normal economic performance a..
Investment securities are discussed in this weeks’ chapters. How does the accounting for investments vary depending on the type of investment (i.e. trading securities, available-for-sale securities, and held-to-maturity securities)? What are the diff..
Please describe three examples of dilutive securities in a complex capital structure and discuss why they are dilutive.
In Fiscal 2010, Dell Inc. acquired Perot Systems for $3,878 million in cash. Perot's net assets acquired hand the following fair values at the acquisition date. Prepare Dell's journal entry to record its acquisition of Perot systems, as a merger.
How does a five-year summary of historical results help investors? Which items are reported on a segmental basis? How are segments identified? Why is off-balance-sheet finance a problem in accounting?
How many classes would be offered if Bo increased the number of classes offered by 100 percent? What would be total labor cost?
as discussed in the chapter an important consideration in evaluating current liabilities is a companys operating cycle.
Each DBMS has many databases holding data, and each database is usually entirely independent of every other database. What is the hierarchy of data in database model? Please provide an example for a particular accounting application.
Imprudential, Inc., has an unfunded pension liability of $550 million that must be paid in 16 years. To assess the value of the firm's stock, financial analysts want to discount this liability back to the present. If the relevant discount rate is 9.5..
Write the journal entry necessary to record the Company's "Selling, general, and administrative expenses" for 2014, assuming that 90 percent of the expense was paid for with cash while 10 percent was paid for on credit to regular suppliers.
The ABC Corporation is a large multinational company that has facilities (both manufacturing and distribution) located in many U.S. states and in overseas countries. She vaguely recalls having heard about implicit taxes and tax clienteles and would l..
Helen, Greg, and Wanda own the stock in HGW Corporation with earnings and profits of $900,000 as follows: Helen, 600 shares; Greg, 400 shares; and Wanda, 1,000 shares. Greg is Helen’s son, and Wanda is Helen’s sister. HGW Corporation redeems 400 of H..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd