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Tyler's Consulting Company has purchased a new $15,000 copier. This overhead cost will be shared by the purchasing, accounting, and information technology departments since those are the only departments which will be able to access the machine. The company has decided to allocate the cost based on the number of copies made by each department. The copier is estimated to provide 1 million copies over its life. Each division has estimated the number of copies which will be made over the life of the copier.
Note: Cost allocations are computed to 4 significant digits. Resulting values are rounded to the whole dollar. If the purchasing department makes 72,013 copies this year what will be their allocated overhead?
houston corporation has the following stock outstanding5 cumulative preferred stock par 20 50000 shares issued and
Explain how the statement of retained earnings relats to the balance sheet.
the controller of sagehen enterprises believes that the company should switch from the lifo method to the fifo method.
1. out of africa a multi-national corporation had a very successful year. the board of directors declared and paid a
What is a common source of asset write-offs?
the board of education for the central catskill school district is considering the acquisition of several minibuses for
discuss what is meant by the concept of responsibility accounting and the three basic types of responsibility centers
In 2012, Gail had a §179 deduction carryover of $30,000. In 2013, she elected §179 for an asset acquired at a cost of $115,000. Gail's §179 business income limitation for 2013 is $140,000. Determine Gail's §179 deduction for 2013.
Record the depreciation for the one-half year prior to the sale, using the straight-line method.
Joel has four transactions involving the sale of capital assets during the year resulting in a STCG of $5,000, a STCL of $12,000, a LTCG of $1,800 and a LTCL of $1,000. As a result of these transactions, Joel will:
x-ray corporation received a 100000 dividend from yancey corporation this year. x-ray owns 10 of the yanceys single
What journal entry, if any, would be made to revaluate the asset and what effect would they have on the balance sheet and income statement? If applicable, please show journal entries for both the net and gross methods of revaluation for !2/31/05 a..
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