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Question - Find the present value of an investment in plant and equipment if it is expected to provide annual earnings of $60500 for 15 years and to have a resale value of $120500 at the end of that period. Assume a 9% rate and earnings at year end. The present value of 1 at 9% for 15 periods is 0.27454. The present value of an ordinary annuity at 9% for 15 periods is 8.06069. The future value of 1 at 9% for 15 periods is 3.64248.
Gemini Corporation's income for 2020 was $400,000. Find the value of total dividend and retained earnings
What types of activities are recorded under the internal services account? Please provide examples. Is the government required to account for activities in the internal service fund or in another fund?
What is the total depreciation expense for years 2019, 2020, and 2021 using Double Declining Balance: Sum-of-the-Digits: and Straight Line Depreciation
Condensed financial data of Odgers Inc. follow.
Why should caution be exercised in the use of the income figure derived in an income statement? What are the objectives of generally accepted accounting principles in their application to the income statement?
Henrich is a single taxpayer. In 2015, his taxable income is $425,000. What is his income tax and net investment income tax liability
products alpha and beta are joint products. the joint production cost of the products is 800. alpha has a market sales
Briefly - in 350 words or more - describe the effect of cost structure on profitability, including recommendations for each company given the current economic environment, as you understand it.
The records of Derma Corporation show the following bank statement information for December.
Batman Ltd sold inventory to Robin Ltd for $90 000 at a profit before tax of $18 000. Prepare the acquisition analysis and journals at July
The major discussion was how to record the donations meant to fund ongoing maintenance costs.
Allocation and proration of overhead. Tamden, Inc., prints custom marketing materials. The business was started January 1, 2010. The company uses a normal-costing system. It has two direct cost pools, materials and labor and one indirect cost pool..
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