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Question - Your company purchased an item of machinery with a useful life of 150,000 hours (or 15 years) at a cost of $467,500 ($425,000 + 42,500 GST) plus installation costs of $27,500 ($25,000 + $2,500 GST). The machine was six months old at June 30 and had been used for 3,800 hours. Determine the depreciation expense for the year ending June 30?
a. 11,400
b. 11,250
c. 7,600
d. 10,766
e. 15,000
What is the companies break even point in sales dollars given the sales mix above? If the budgeted sales mix is maintained, what is the operating income.
Assume that a retired businessman bought an insurance plan at a cost of $170,250 on January 1, 2019. How much will he receive every year
In relation to the private residence exemption (PRE) for real property gains tax (RPGT) purposes, which of the following statements is FALSE?
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Calculate the payout ratio and return on common stockholders' equity
fredonia inc. had a bad year in 2013. for the first time in its history it operated at a loss. the companys income
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A tabular analysis of the transactions made during August 2012 by Nigel Company during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained.
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In the current year, the CAR Partnership received revenues of $400,000 and paid the following amounts: $160,000 in rent, How much income must Cameron report
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