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Coolit Company installed a new air conditioning system in their main office on January 1, 2008. The system cost $300,000 and was expected to last 10 years (no Salvage Value). On March 31, 2009, new fluorocarbon emission guidelines led to the replacement of the principal cooling mechanism at a cost of $105,000. The life of the cooling system nor its salvage value was affected but the efficiency was greatly increased. Coolit uses the straight-line method of depreciation. The depreciation expense for the year 2009 was:
during the year carolyn lives with torie in his home for 10 months and in her home for 2 months. under a
1. discuss the various depreciation methods. which is the most accurate? why?2. discuss the accounting for investment
What should an accountant do if the guidance for a particular transaction or event is not specified within the FASB ASC?
Under the partial equity method, the entry to eliminate subsidiary income and dividends includes a debit to
The call premium is one year of coupon payments. It is offered for sale at $1,135.25. What yield to call of the bond?
a company is deciding whether or not to replace some old equipment with new equipment. which of the following is not
grove corp. has revenues of 1531000 resulting in an operating income of 183000. average invested assets total 801000.
growth rates. find the sustainable and internal growth rates for a firm with the following ratiosasset turnover is 1.40
At the end of the current month 8,200 units were started but were not completed in the Mixing Department. The units were 90% complete with respect to material, but conversion was only 20% complete.
What is the pre-money valuation for the Series D funding round?
the company pays its employees at the end of the day friday for work done during that five-day work-week. total wages
Assume the same facts except that Loon's long term capital gain is $100,000 (instead of $60,000). Compute the taxable income for the year.
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