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Problem - Caterpillar purchased a machine with a cash price of $315000 on January 1, 2011. It also spent $10000 for installing the machine, $20000 for testing the machine and another $20000 for oil and lubricants. It was estimated that this machine would have a useful life of 6 years and a salvage value of $15000 at that time. The straight- line method of depreciation was considered the most appropriate to use with this type of machine. Depreciation is to be recorded at the end of each year. During 2014, the company's technician reconsidered their expectations and estimated that the equipment's useful life would probably be 10 years instead of 6 years. The estimated salvage value will be reduced by $3000. During 2017, the technician realized that they were using inappropriate depreciation method and considered to use double declining balance method from now on. In 2019, they changed their estimation of salvage value to $2000. Construct a table to show the amount of depreciation should he recorded each year during the lifetime of the machine.
Honest Joe had a balance of $31,000 in Accounts Payable at the beginning of June, and purchased $104,000. What amount did Yellow pay on account during June
Bamboos net assets reflect the current market values. How much is the goodwill valued on proportionate basis
Bill's business consists of four to six stations operated by himself and other licensed beauticians
micro brewery has an debt in the amount of 300000 that need to be paid off in three years. the loan payments are
the following is a partial trial balance for the green star corporation as of december 31 2013 nbspnbspaccount
You give her information for a for-profit and for a nonprofit entity and ask her to complete the following: Given the assumptions and data in this Excel file: Complete next year's budgeted figures for each entity within the same Excel worksheet
QualityBumper supplies bumpers to several large auto manufacturers. Its production department works eight hours a day, five days a week and has 10 machines. Under ideal, short term operating conditions each machine is capable of producing 50 bumpe..
Nov 01: Kashif deposited $120,000 cash in bank account in the name of business. Post each entry to the appropriate ledger account
greneer company had checks outstanding totaling 10800 on its june bank reconciliation. in july greneer company issued
Problem - Efficient Markets - Explain the meaning of efficient markets. Why might we expect markets to be efficient most of the time
Prepare the assets section of a classified balance sheet, listing the items in proper sequence and including a statement heading.
Watch one episode of one of the above television programs and identify and describe one interpersonal conflict that was not handled effectively.
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