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Problem 1: Alexander Company purchased a piece of equipment for $12,000 and depreciated it for three years over a five-year estimated life with an expected residual value at the end of five years of $2,000. At the end of the third year, Alex decided to upgrade to equipment with increased capacity and sold the original piece of equipment for $7,200. Calculate the gain or loss on the disposal at the end of the third year.
Describe a situation where in an action may be legal but not ethical and what may be ethical is sometimes not legal in Accounting Business.
Prepare the journal entry for the machine revaluation in 31 december 2016.The company acquired Machine at 1 July 2016 at the initial cost of $1,000
HA 3011 Advanced Financial Accounting - Explain why the chairperson of the IASB believes that the former accounting standard for leases did ‘not reflect
Discussion around a topic is not answering the question. It is often a helpful technique to use the essay question as part of your essay structure.
On January 1, 2011, F Corp. issued 2,800 of its 9%, $1,000 bonds for $2,884,000. These bonds were to mature on January 1, 2021, but were callable at 101 any time after December 31, 2014. Interest was payable semi annually on July 1 and January 1. On ..
Calculating the incremental after tax free cash flows. there is a cost called cost savings of old machine, should this be included in the calculation
How would the cost of direct materials, direct labor, and overhead be tracked to specific jobs? How important is the job costing system in establishing
The market price of a share of common stock at time of issuance was $19.50, while market price of a preferred share of stock at time of issuance was $32.
Manager's role in a small business, which of the following internal controls would have been MOST likely to effectively detect or prevent the fraud?
Calculate acid test ratio for 2016 and 2015. Calculate Return on equity for 2016 and 2015. Calculate Net income to sales for 2016 and 2015
Determine the results of both Step 1 and Step 2 of the Section 1231 netting process and the effect of these occurrences on Brad's net income.
Alyse Designer Handbags had the following inventory figures for its Nicole Model during 2013 as shown below. # Units Unit cost Beginning Inventory 36 15 Purchases 1 20 16 2 25 16 3 30 14 4 36 15 Ending Inventory 15 What is the cost of the ending inve..
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