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Question - The following property and equipment section was obtained from a recent Abott Laboratories 10-K.
Property and equipment at cost
Land $1,291,500
Buildings $2,655,400
Equipment $8,813,500
TOTAL COST $12,760,400
Less accumulated depreciation and amortization (6,757,300)
Net Book Value $6,003,100
In addition depreciation expense was $573,445.
a. Estimate the Property and equipment percent Used up.
b. Estimate the Useful life on average for the depreciable assets.
Dana wishes to obtain auto insurance. She wants 100/300/100 liability coverage. What would be her total premium, if her 3-year old car were in model class L
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In 2020, Camel Corp. was forced into bankruptcy and begun to liquidate. What is the estimated recovery per peso amount of unsecured liabilities
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The market value of this inventory on December 31 was $33,000. What is inventory recording
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A company's bank statement balance shows that there is $4,190 in the checking account, Calculate the adjusted cash balance for this checking account
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