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Question: Various depreciation methods-two years On September 6, 2017, East River Tug Co. purchased a new tugboat for $400,000. The estimated life of the boat was 20 years, with an estimated residual value of $40,000. Compute the depreciation on this tugboat in 2017 and 2018 using the following methods. Apply the half-year convention. (If necessary, round to the nearest dollar.)
Long-term debt that matures within one year and is to be converted into stock should be reported:
shawn needs to record journal entries for various inventory purchases on account and subsequent payments. record the
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edurado has started a small business making sundials. thefollowing transactions occured for the business during a
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Equivalent units are calculated by
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Roscoe contributes to a business entity a personal use asset with an adjusted basis of $15,000. Determine the basis of the asset to the entity
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