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Question - Depreciation by Two Methods
A Caterpillar tractor acquired on January 12 at a cost of $180,000 has an estimated useful life of 25 years. Assuming that it will have no residual value.
a. Determine the depreciation for each of the first two years by the straight-line method. Round your answer to the nearest cent if rounding is required.
b. Determine the depreciation for each of the first two years by the double-declining-balance method. Round your answer to the nearest cent if rounding is required.
Describe the major difference and the major similarity between the accumulated benefit obligation and the projected benefit obligation.
Journalize the April transactions using a perpetual inventory system
Compute the deferred taxes at December 31, 2011, that relate to the temporary differences described above
tracy owns a nondepreciable capital asset held for investment. the asset was purchased for 250000 six years earlier and
Determine if journal entries are needed to record these events in the books of Quality Meat Distributors. Write down the complete journal entries.
which is held by Garza on consignment. The consignee is the Bontemps Company
1. in 2012 mordica co. issued 300 000 of its 500 000 authorized shares of 10 par value common stock at 35 per share. in
From an employer's point of view, what is preferred a defined contribution plan or a defined benefit plan. What are the cash ramifications as well as reporting requirements?
The full salaries of two salesclerks are charged to Department 100. Prepare a three-column report that lists items and amounts for the company's total expenses
great falls brewerys regular selling price for a case of beer is 15. variable costs are 8 per case and fixed costs
in october a company reports 21560 actual direct labor hours and it incurs 57360 of manufacturing overhead costs.
For bonds of similar risk and maturity, the market yield is 10%. Prepare the journal entry to record the bond issuance by Mania on January 1, 2011
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