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Company used strait-line depreciation for an item that cost 12,000 had a salvage value of 2000 and a 5 year useful life. After depreciating the ssets for 3 compete years the salvage value was reduced to 1200 and its total cost useful life was increased from 5 years to 6 years. Determine the amount of depreciation to be changed against the machine during each of the remaining years of its useful life.
Upstream Inter-segment Sales: $180,000 Downstream Inter-segment Sales: $60,000 For purposes of the Revenue Test, what amount will be used as the benchmark for determining whether a segment is reportable?
Accrual Accounting and Adjusting Entries. Prepare the necessary adjusting journal entries at December 31. For each of the adjusting entries, indicate which of the following type of entry was recorded: accrued expense, accrued revenue, deferred expens..
Accountants that have a Certificate in Public Accounting (CPA)
On Nov. 28, 2018, Shocker recieves a $4,500 payment from a customer for services to be rendered evenly over the next three months. Deferred Revenue is credited. On Dec. 1, 2018, the company pays a local radio station $2,700 for 30 radio ads that were..
Compute the net difference between the operating income under the accrual and cash bases. Express the net difference in (2) as a percent of operating income under the accrual basis.
Seth Bullock, the owner of Bullock Gold Mining, is evaluating a new gold mine in South Dakota. Dan Dority, the company's geologist, has just finished his analysis of the mine site.
Compute the predetermined overhead rate for each activity base
You are a store manager for a large, regional department store chain. Company headquarters has asked you to submit an evaluation of your assistant managers performance.
Determine whether Computer Villages should discontinue the furniture line and the financial benefit (cost) of dropping it.
If David sells two widgets next year, what will be his cost of goods sold and ending inventory next year under the LIFO method?
Purchased new equipment for $50,000 by paying cash on January 1, 2018. This equipment will have an 8 year useful life, an estimated residual value of 8,000.
how should declared but unpaid dividends be recorded? the problem states that the company has a yearend date of dec
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