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1. Depreciation Computations-Four Methods Maserati Corporation purchased a new machine for its assembly process on August 1, 2010. The cost of this machine was $150,000. The company estimated that the machine would have a salvage value of $24,000 at the end of its service life. Its life is estimated at 5 years and its working hours are estimated at 21,000 hours. Year-end is December 31. Compute the depreciation expense under the following methods. Each of the following should be considered unrelated.
(a) Straight-line depreciation for 2010.
(b) Activity method for 2010, assuming that machine usage was 800 hours.
(c) Sum-of-the-years'-digits for 2011.
(d) Double-declining-balance for 2011.
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On average, a patrol car passes the warehouse every 20 minutes, and the time between patrol car arrivals is exponentially distributed. It's the middle of the night and a burglar has just broken into the storage warehouse and set off the alarm. Wha..
Sampson Company's accounting records show the following for the year ending on December 31, 2010. Using the periodic system, the cost of goods purchased is?
The two-year nominal interest rate is 10% and the expected annual inflation rate is 5%. What is the expected annual real rate of interest?
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