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Computing Depreciation under Alternative Methods
Putty Ice Cream Company bought a new ice cream maker at the beginning of the year at a cog,/ 59,000. The estimated useful life was four years, and the residual value was $1,000. Assume that the c; mated productive life of the machine was 16,000 hours. Actual annual usage was 5,500 hours in ye: ,800 hours in year 2; 3,200 hours in year 3; and 3,500 hours in year 4.frig ttired:Complete a separate depreciation schedule for each of the alternative methods. Round your answers to the nearest dollar.
a. Straight-line.b. units-of-production (use four decimal places for the per unit output factor).c. Double-declining-balance.
Give the journal entry to charge standard overhead costs to work in process and record overhead variances for the month given the following information: Actual overhead $21,580 Standard overhead $20,000,Volume variance $2,080 U Spending variance $150..
You have purchased a car for $6,500, you pay $500 deposit, and then monthly payments are $317.22. The interest rate is 24% per annum, compounded monthly . How many payments must you make?
sam and sue are married and age 65. sam has a full time job that pays 80000 and sues full time job pays 85000. they
10-prior to the distribution of cash to the partnersthe accounts of abs company are cash 30000ace capital dr.
on both december 31 2010 and december 31 2011 kopp co.s only equity security investment had the same fair value which
What are the two ways a corporation can be classified as profit or non profit, majority or non majority, open or closed, and stock or non stock.
The stockholders' equity section of Benton Corporation's balance sheet as of December 31, 2014 is as follows:
vitko corporation makes automotive engines. for the most recent month budgeted production was 6000 engines. the
kananga company has these obligations at december 31 a a notepayable for 100000 due in 2 years b a 10-year mortgage
Why would a small company with 400 employees find it advantageous to use a cloud database (DaaS)?
What is the amount of net income? Which financial statement did you find this information? What are the components of this financial statement?
How should Home Computer classify (for impairment testing purposes) the assets to be scrapped in the video monitor operations and the assets to be sold in the printer manufacturing operations at March 31, 2002?
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