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Calculation of profit/loss on sale of asset under SLM.
ABC Ltd purchased a second-hand machine for Rs 1,50,000 and spent Rs 30,000 on its repairs. Depreciation is to be provided @ 10% p.a. according to Straight Line Method. This machine was sold for Rs 1,35,000. Accounting year is financial year. Calculate the profit or loss on sale of machine in each of the following alternative cases:
Prepare direct materials budget for the chips, by quarter and in total, for Year 2 including the dollar amount of purchases for each quarter and for the year in total.
how much is your service? i need help with an accounting problem prepare an income statement using the single-step form
Prepare journal entries to record the transactions and prepare adjusting entries on October 31 to record accrued interest.
Mary is self-employed for 2010. Mary estimated her required annual estimated tax payment for 2010 to be $4000. Mary had a $500 overpayment of last year's taxes, which she will apply against her first quarterly estimated payment. How much should Ma..
Multiple choice questions related to ratio analysis and quick ratio is considered more useful than the current ratio
Do the necessary acquisition analysis and provide the business combination valuation entries and the pre-acquisition adjustment entry at acquisition date.
which is the fourth year Anne LLC owned the property, the property was disposed of on January 15. What is the maximum depreciation expense?
Why is Bike Company likely to prefer this method for tax purpose and usefulness of the installment method for a credit analyst in using both the balance sheet and income statement.
What if the balance sheet shows negative retained earnings? Where might you look to find out what caused that to happen? Would it be something that would concern you?
southland industries has 60000 at 16 annual interest bonds outstanding 1500 shares of preferred stock paying an annual
Calculate the amount of cash and cash equivalents that will be shown on the company's year-end balance sheet.
Determine the current amount of money that must be invested at 12% nominal interest, compounded monthly, to provide an annuity of $10,000 (per year)
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