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Problem - At 31 July 20X6, Apollon International had non-current assets which had cost $310,000. At the same date, the accumulated depreciation on the assets was $120,000. The company had not disposed of any non-current assets during the year to 31 July 20X7, but acquired an asset at a cost of $79,200 on 1 January 20X7. Apollon International depreciates non-current assets at a rate of 25% per annum.
Required - Compute the company's depreciation charge for the year to 31 July 20X7 using:
a. The straight line method
b. The reducing balance method
Assume that depreciation is charged from the first year of acquisition.
The market price for Microsoft Corporation closed at $30.48 and $27.91 on December 31, Year 1, and Year 2, respectively. The dividends per share were $0.52 for Year 1 and $0.52 for Year 2. Determine the dividend yield for Microsoft on December 31, Ye..
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marsha moore gave assets with an adjusted basis of 28000 to alfred when the fair market value of the property was
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