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Question - On July 1, 2014 Linked Up Inc. acquired a new machine at a cost of $30,000 with a residual value of $5,000. The estimated useful life is 5 years and 100,000 units. For the year ending June 30, 2015 the machine produced 10,000 units. For the year ending June 30, 2016, the machine produced 15,000 units.
Using the following depreciation methods (straight line & units of production) calculate the depreciation for the year ending 6/30/15 and present each of the journal entries (for each method) in proper form.
After thirty days, Primo's did not have the cash for payment; therefore, Primo's offer Mulkey a four-month note with 11.5% interest, all payable at the end of the term of the note. Please record the appropriate journal entry establishing the note ..
Bruno Corporation is involved in the business of injection molding of plastics. Calculate the internal rate of return on this new machine
raphael restaurant is considering the purchase of a 8400 souffleacute maker. the souffleacute maker has an economic
x receives $200,000 in return for investing its plant and equipment. What would be the recognizable gain on January 1, 2013 arising from x's investment in y?
1. how does air france af classify operating expenses in its income statement? how are these expenses typically
Consult Paragraph 69 of PCAOB Auditing Standard No. 5 and Sections 204 and 301 of SARBOX. In thepost-Sarbanes audit environment, which of the issues that arose in 1996 and 1997 would have to bereported to the audit committee at Sunbeam?
naftel company sells lamps and other lighting fixtures. the purchasing department manager prepared the following
spencer electronics has just developed a low-end electronic calendar that it plans to sell via a cable channel
where µ is a location parameter and u is a scale parameter. Derive the best linear estimates of σ and µ using the first r order statistics Y,, ..., Y, from a sample of size n as follows.
Calculate budgeted sales in dollars and prepare a schedule of cash collections from sales, by month and in total, for the second quarter
Need within 20 min or less On September 1, How much would be recognized as rent revenue by the end of the year
What is meant by setting a preliminary judgment about materiality? What are the most important factors affecting preliminary judgment on materiality?
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