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Question - Santayana Company purchased a machine on January 1, 2006 for $12,000 with an estimated salvage or scrap value of $3,000 and an estimated useful life of 8 years. On January 1, 2008 Santayana decides the machine will last 12 years from the date of purchase. The salvage value is still estimated at $3,000. Using the straight-line method, compute the new annual depreciation?
Prepare a horizontal analysis. Display percentages to 3 decimal places (.654 = 65.4%). Discuss any line items from balance sheet that may warrant investigation
your boat inc. assembles custom sailboats from components supplied by various manufacturers. the company is very small
Estimated economic life of the automobile is 60 months.5.Metlock's incremental borrowing rate is 6% a year. What is the nature of this lease to Metlock
Sold merchandise inventory on account. Label the revenue recognition 5a and the expense recognition 5b.
D&G Inn has experienced several transactions on April 1 as follows. Determine the balance of the cash account by end of April 1
The total budgeted cost line is $235,000 at an activity level of 50,000 direct labor hours. Compute total budgeted costs at 65,000 direct labor hours
Calculate the annual depreciation for each of the four years under each of the following methods: i) straight-line ii) units-of-production
KCSB expects to produce and sell 2,400 bicycles per month in the coming year. What is the difference in KCSB's monthly costs
The partnership reported $75,000 of income in 20X3. How much did Haddock's capital account increase due to this income
Total compensation for a PCP is targeted at $200,000 per year. Using these data, what is the HMO's PMPM medical cost for PCP professional fees
Prepare the 2019 journal entries to record the wages earned and payroll taxes: Journal entry to record the employee portion of payroll taxes
thermal rising inc. makes paragliders for sale through specialty sporting goods stores. the company has a standard
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