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On January 1, 2015, Maple Inc. purchased an equipment at a cost of $74,000. The estimated useful life of the equipment is 5 years, with a residual value of $4,000. The firm applies the straight-line depreciation method over the useful life of the equipment and has a December 31, fiscal year-end.
Problem 1: Maple Inc. owns a furniture that as of December 31, 2019, had a cost of $50,000 and accumulated depreciation of $40,000. The firm had a reason to believe that the furniture was impaired. The firm estimated the future cash flows of the furniture at $9,000 and the fair value of the furniture at $7,000. Does Maple Inc. need to record an impairment for this furniture?
The total expense to the vesting date on December 31, 2018 has been calculated at P7,500,000.What amount should be recognized as compensation expense for 2017?
What was his total investment through the mortgage period? What was the maximum amount could afford to pay for a house.?
On July 1, 2014, Legoria Co. shipped software to a customer. The arrangement with a customer also requires the company to provide technical support over the next 12 month and to ship an expected software upgrade on January 1, 2015. Assume Legoria is ..
The Corrigan Company just paid a dividend of $1 per share, and that dividend is expected to grow at a constant rate of 5% per year in the future. The company's beta is 1.1, the market risk premium is 5.5%, and the risk-free rate is 3.5%. What is the ..
Please explain in detail if there is a market for treasury stock? Who would buy treasury stock? What is the return of an investment in treasury stock compare to common and preferred stock?
Give accounting equation for the above transactions of BBI for the year ended 31st December 2018
Refer to specific IFRS and U.S. GAAP accounting literature for the underlying transaction - Explain that they are similar, and why, OR that there is a difference
Prepare the required entry that Dovid Morris should make on December 31, 2014. Prepare the required entry that the Calvin T. Ng Bank should
Find How much money would have to deposit now in a savings account earning 4 percent APR, compounded monthly, to pay the $5,000 bill in three years?
Find and Calculate Asset turnover and Return on Assets. The beginning total assets were $17,500,000 and the ending total assets
As of December 31, 2019, the total of these deposits was $ 25,000 and applied to weddings which will take place in 2020. Is this a sale? Is it ASPE revenu p 4 ?
bond discount entries for bonds payable transactions.on july 1 2010 brower industries inc. issued 32000000 of 10-year
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