Reference no: EM132651888
Swanson & Hiller, De., purchased a new machine on September 1, 2008 at a cost of $108,000. The was $8,000. chine's estimated useful life at the time of the purchase was five years, and it's residual value
Instructions
Question a: Prepare a complete depreciation schedule, beginning with calendar year 2008, under each of the methods listed below (assume that the half-year convention is used):
1. Straight-line.
2. 200 percent declining-balance.
3. 150 percent declining-balance, switching to straight-line when that maximizes the expense Which of the three methods computed in part a is most common for financial reporting pur- poses? Explain.
Question b: Assume that Swanson & Hiller sells the machine on December 31, 2011, for $28,000 cash. Compute the resulting gain or loss from this sale under each of the depreciation methods used in part a. Does the gain or loss reported in the company's income statement have any direct cash effects? Explain.
|
Write description of the types of threats
: Write a description of the types of threats that could be launched, or have been launched, against your organization.
|
|
Discuss the prognosis of the disease
: Research Document Report and PowerPoint by apply researched information on their topic. Signs & Symptoms of the disease (If apply, include stages, levels).
|
|
Prepare consolidation adjustments in consolidation journal
: Prepare consolidation adjustments, including any non-controlling interest, in consolidation journal form according to AASB 10 Consolidated Financial
|
|
Build templates for information systems
: Explain why it is important to use the Universal Modeling Language (UML) as a norm to build templates for information systems.
|
|
Compute the resulting gain or loss from the sale
: Swanson & Hiller, De., purchased a new machine on September 1, 2008. Compute the resulting gain or loss from this sale under each of the depreciation methods
|
|
Discuss problem related to adhd
: Post an explanation of whether you believe ADHD is overdiagnosed in children and adolescents and why. Be specific and provide supporting evidence from at least.
|
|
Statistics for analyzing performance
: As a DBA you should keep statistics to analyze the database for bottlenecks and performance issues.
|
|
Make an events apply to lewis and harper
: Make an events apply to Lewis and Harper, a public accounting firm, for the Year 1 accounting period. Performed $58,000 of services for cash.
|
|
Discuss some of the errors in perceptual judgment
: Discuss some of the errors in perceptual judgment made by interviewers in job interviews.
|