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Question - Barb bought land for $55,000 with cash on January 1, 3003. She also bought a truck on February 1, 3003 for $27,000 with cash. She figures it was a good investment for the truck should be useful for 20 years. Each year, the truck allows Barb to successfully complete 1,000 orders. After about ten years, Barb is now saying the truck will only last for three more at the max. On the truck's thirteenth year in service Barb sells it for $15,000.
When you reply to someone's post you need to create the journal entry for depreciation for the end of the first year FOR BOTH straight line depreciation and units-of-activity. You then need to create the journal entry to record the sale of that item at the end of its life assuming the straight line method was used to record depreciation for the life of the item.
Why are industries fragmented? What are the primary ways in which companies can turn a fragmented industry into la consolidated industry?
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CD had 5,000.00 R1 ordinary shares in issue. Subsequently, CD made a right issue of 1new ordinary share at R3. 50 per share for every 5 ordinary currently held.
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budgetedactualnbspsales 8000 ingots240000 nbspnbsp240000 nbspnbspnbspnbspnbspnbspnbspvariable
On January 1, 2019, Romero Company purchased equipment for $320,000. Calculate the book value of the equipment at December
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JC Accounting performs two types of services, Tax and Consulting. JC's overhead costs consist of computer support, $200,000; and legal support, $100,000. Information on the two services is:
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