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1. ) A prominent law firm that has more than 30 offices located worldwide is considering going to a cloud service for all of its document desktop applications, storage and information management needs. Desktops will not possess any applications or stored files and all mobile activity will require web access or use of a jump drive. The firm partners expect client billing revenue will increase by 35% while costs will be reduced by 20%. Identify the revenue and costs considerations and other relevant issues that should be considered.
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The office building was acquired by Lakeside at a cost of $1 million and was expected to have a useful life of 15 years with no residual value. Illustrate what will be the effect of the lease on LTT's earnings for the first year (ignore taxes)?
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Evaluate the cost of the land and the cost of the building as they should be recorded on the books of Martin Buber Co. Assume that the land survey was for the building.
For Fox Manufacturing, determine the annual manufacturing overhead cost-allocation rate and evaluate the amount of manufacturing overhead costs allocated to the Maize High School job.
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