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Hinshaw Company purchased a new machine on October 1, 2014, at a cost of $87,200. The company estimated that the machine has a salvage value of $8,000. The machine is expected to be used for 70,200 working hours during its 7-year life. Compute the depreciation expense under the straight-line method for 2014 and 2015, assuming a December 31 year-end.
doaktown products manufactures fishing equipment for recreational uses. the miramichi plant produces the companys two
the following data pertain to the first week of operations during the month of junematerials actual
Holmgren's insurance policy of $9,000,000 has a deductible clause of $500,000. How should Holmgren Chemical report this information in its financial statements at December 31, 2010?
an investment offers to pay you 10000 a year for five years. ifit costs 33520 what will be your rate of return on the
On September 1, 2006, Sam's Shoe Co. issued $350,000 of 8% bonds. The bonds pay interest semiannually on January 1 and July 1 of each year. The bonds were sold at the face amount. How much cash did Sam's receive upon sal of the bonds?
Assume that a certain nursing home has two categories of payers. Medicaid pays $65.00 per day and private pay patients pay the established per diem, but approximately 10 percent of private-pay charges are not collected.
On June 1, Year 5, the common stock split 3 for 1, and the company redeemed one-half of the preferred stock at par value. Cooper Inc.'s net income for the year ended May 31, Year 6 was 10% higher than in Year 5. Basic earnings per share in Year 6 ..
chriss cookie toppings makes payment on its inventory purchase as follows 25 in the month of purchase 65 in the
exercise 6-11amos excavating inc. is purchasing a bulldozer. the equipment has a price of 103000. the manufacturer has
part 1 will require you to evaluate the payroll system for the skip-rope manufacturing company. part 2 will involve a
The pension obligation on the basis of the plan formua applied to years of service to date and based on existing salary levels.
How should internal auditors help, if at all, with forensic accounting investigations?
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