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1. Cominsky Company purchased a machine on July 1, 2011, for $28,000. Cominsky paid $200 in title fees and county property tax of $125 on the machine. In addition, Cominsky paid $500 shipping charges for delivery, and $475 was paid to a local contractor to build and wire a platform for the machine on the plant floor. The machine has an estimated useful life of 6 years with a salvage value of $3,000. Determine the depreciation base of Cominsky's new machine. Cominsky uses straight-line depreciation.
flip industries has equivalent units of 8000 for materials and for conversion costs. total manufacturing costs are
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P-2 The following data has been recorded regarding the rental history of a high pressure cleaner at a home improvement store.
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the weekly time tickets indicate the following distribution of labor hours for three direct labor employees hours ken
Prepare the journal entries on First Trust's books on December 31, 2010, 2011, 2012.
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