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The Pablo Paving Company purchased a new bulldozer for $ 250,500 at the beginning of Year 1. It is estimated that the residual value will be 25,000 and have a useful life of 6 years. The Bulldozer is expected to last 10,000 hours. In year 1 it was used 1,800 hours, in year 2 it was used 2000 hours; year 3, 2,500 hours; 1,500 hours in year 4; 1,200 hours in year 5; and 1,000 hours in year 6.
Required:1) Compute the annual depreciation and carrying value for the new crane for each of the 6 years under each of the following methods:
a) Straight-line,
b) production,
c) double declining- balance.
Round percentage to 2 decimal places (for example, like this: 22.22 %).
Prepare the journal entries to record the estimated warranty costs and (b) the actual costs incurred and Preparation of journal entries to record
Contribution income statements are used to measure the performance of:
Given the following information create both an income statement and a schedule of cost of goods manufactured; assuming the company uses actual costing:
Review the financial statements and comment on the financial challenges Frequent Ad faces. Prepare Frequent Ad's income statement, statement of retained earnings, and balance sheet.
Kirk was insured for 70% of his actual loss, and he received the insurance settlement. Illustrate what is Kirk's allowable casualty loss deduction?
Describe the differences between a share dividend and a share split in terms of accounting entry and how they affect the statement of financial position.
Prepare a brief memo (no more than 120 words) giving the arguments for and against offering this preferred stock. In the memo also briefly describe other methods of obtaining the cash.
Per unit selling price for Product B is $75 and for Product C is $50. Create an analysis that shows whether or not the 20,000 units of Product A should be processed further.
question 1. in two to three paragraphs explain the sarbanes-oxley act and why it is important to the accounting
CFO- Are cash flow that are directly related to earning income. Example, collecting cash from costumers, pay salaries, pay bills, pay to suppliers.
by using the regulatory discussions and relevant international accounting standards iass which are taught in the module
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