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On January 1, a machine costing $260,000 with a 4-year life and an estimated $5,000 salvage value was purchased. It was also estimated that the machine would produce 500,000 units during its life. The actual units produced during its first year of operation were 110,000. Determine the amount of depreciation expense for the first year under each of the following assumptions:
1. The company uses the straight-line method of depreciation.2. The company uses the units-of-production method of depreciation.3. The company uses the double-declining-balance method of depreciation.
During 2012, 500,000 tons were removed and 400,000 tons were sold. What is the amount of depletion that Yoder should expense for 2012?
effect on the contribution margin per unit and the contribution margin ratio1. managerial accountinga.produces
johnson realty bought a 2000- hectare island for 10000000 and divided it into 200 equal size lots.as the lots are sold
How academics perceive the function of management accounting to have adapted to address the challenges faced by our changing global business environment.
After the 2012 financial statements were issued, the case was settled with the IRS for $1,200,000. Illustrate what amount, if any, should be reported as a liability for this contingency as of December 31, 2012?
Collection fees associated with the $150,000 were remitted to Kirby County’s general fund prior to year end. Create the journal entries to record tax collections and remittances for the Kirby County Tax Agency Fund.
computation of net present value.accounting rate of i9turn payback and npv busy beaver corp. is interested in reviewing
Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. If needed, use the minus sign to indicate cash outflows, negative amounts or a decrease in cash.
Recount the Hewlett Packard Autonomy story to date and critically discuss the view that the occurrence of the Hewlett Packard Autonomy scandal was mainly as a result of a lack of accounting harmonisation between US GAAP and International Financial..
Premier Bank and Trust is giving Alou Company a loan. Before doing so, management decides that added discussions with Alou's accountant may be desirable.
Interrelated components that are most directly related to measuring the performance and financial status of an enterprise
He also paid $14,000 in mortgage interest, $1,800 in property taxes, $300 of credit card interest, and $1400 in job hunting expenses when he tried to change jobs in March. Find out Johns income tax liability for 2009 before any allowable credits.
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