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Question: Spectacular Condo Corp. purchased exercise equipment for its recreation room on January 1, 2016 for a cost of $60,000. The equipment is estimated to have a $5,000 residual value and a five-year useful life. It is also estimated that the equipment will be used more than 100,000 times over its five-year life.
A) Assuming that the condominium corporation is calculating amortization for internal purposes, which method would you recommend? Explain why.
B) Explain how your chosen method would be similar or different from the method required for taxation purposes here in Canada.
Define the terms labor rate variance and labor efficiency variance. Which of these two variances is the basis for monitoring a cashier's performance, as described in the above-referenced article?
Determine he annual net savings in cash operating cost that would be realized if the harvesting were purchased. Compute the single rate of return expected from the harvesting machine.
How the unrecognized intangible assets should be accounted for at and after the acquisition date in the consolidated financial statements.
Depreciation and amortisation ?1,25,000. Borrowed a five-year loan ?12,00,000. Calculate the cash flow from investing activities
Equuleus Equipment,What is the proper amount of expenses to be included in the income statement for the year ended December 31, 2019?
Identify two business actions Cathy might take to improve cash flows from operations. Comment on the ethics and possible consequences of Cathy.
How much money you will have into that bank account after 6 years for the initial deposit? You have deposited $5,877 into a bank account
The time-weighted rate of return on your investment during 2020 is 20%. Determine X, as well as your dollar-weighted interest rate
Suppose your required return on the project is 8 percent and your pretax cost savings are $196,000 per year. What is the NPV of the project?
Westan Corporation uses a predetermined overhead rate of $22.40 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $268,800 of total manufacturing overhead for an estimated activity level of 12,000 direct labor-..
Find How much would he save by transferring his credit card debt to his mortgage? William Bunting has credit card debt of $13800
Committing a fraud because the employee feels "I deserve a pay raise. The company owes this to me is indicative of which part of the fraud triangle?
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