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Question - Find the depreciation expense for the following long term assets
01/10/19 - Bought Mac Book Air ($1,548) at Best Buy (4 years Residual value: $250)
02/15/19 - Bought Microsoft Surface ($1,345) at Office Depot (4years Residual value: $220)
02/20/19 - Bought Flat Bed ($7,985) from Mr. Diaz. Paid 30% Down Payment (7 years Residual Value: $2220)
02/28/19 - Bought Anti-Virus for 3 years ($1,600) (NO RESIDUAL)
11/10/18 - Bought 2007 Freight-liner ($21,000) 7 Years Residual Value: $5,500
How has technology changed the communication process? Has technology changed the way people communicate in business? Provide at least two examples, whether of gadgets, software, other technologies, or a combination of technologies
Assuming the company uses a perpetual inventory system, and records purchases using the gross method, the correct journal entry to record the payment on July is
Either an amount based on a percentage of credit sales or an amount based on a percentage of accounts receivable after adjusting for any balance in the allowance for doubtful accounts.
How do not-for-profit organizations differ from government activities in the way the account for business-type activities, such as dining halls, gift shops, and admission fees?
There is an unamortized discount on the bonds. Using the book value method, the company would record what increase in paid-in capital in excess of par - Know how to calculate earnings per share on common stock.
before paying employee bonuses and state and federal taxes a company earns profits of 60000. the company pays employees
Sarah D sells 10,400 CDs every year. Digisound whosales them to her for $3.50 for orders in excess of 250 CDs and $4.00 for smaller orders.
The company had the following dividend information
Corporation provides an executive stock option plan. Determine the total compensation cost pertaining to the options
A company will need to choose an accounting method. What are the differences between the cash basis of accounting and the accrual basis of accounting? When are income and expenses recognized under each method?
beside each numbered balance sheet item select the letter of its balance sheet classification. if the item shoud not
In its most recent financial statements, Newhouse Inc. reported $50 million of net income and $810 million of retained earnings. The previous year, its balance sheet showed $780 million of retained earnings. What were the total dividends paid to s..
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