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A business firm purchased two machines on 1st January 2017 at a cost of Sh1,500,000 each. Each machine had an estimated useful life of five years and a nil residual value. The straight line method of depreciation is used. On 31st March 2019, one machine was sold for Sh.800,000. The second machine was sold on 1st December 2019 for Sh.250,000.
Required:
Question a) Machinery account
Question b) Provision for depreciation account for machinery
Question c) Disposal of machinery account
(Two Temporary Differences, One Rate, Beginning Deferred Taxes, Compute Pretax Financial Income) The following facts relate to Duncan Corporation.
The accountant from this enterprise has provided you with the following figures: Credit sales for the year $250,000. Calculate the Debtors Ageing Ratio
Your marketing target analysis does not have to include which of the following:
Some important assumptions commonly made in CVP analysis are that price per unit doesn't change as volume changes, managers can classify each cost as variable.
Solano Company has sales of $500,000, cost of goods sold of $370,000, other operating expenses of $50,000, Determine Solano return on investment
The flotation costs of the new common stock would be 6.9 percent of the amount raised. What is the NPV of the new plant
According to PAS 37, which a present obligation that is possible and can be measured reliably is? disclosed only. / recognized disclosed
The company tax rate is 28%. Amix Lit uses CAPM to calculate cost of equity. Calculate their Weighted Average Cost of Capital
nokia inc. has two user departments wireless communications amp digital communications. the two support departments are
Prepare budgeted income statements for each of the months of January and February that show the expected results from implementing the proposed changes
No dividends were paid. Expenses incurred during the year were $89,000. How much was Baltimore's revenue for the year
financial reporting decisions do not affect corporate taxation however corporate taxation does affect financial
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