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Question - After four years, a machine had an accumulated depreciation of $38,000. The machine originally had an anticipated life of eight years and a salvage value of $5,000. If the current book value after four years is $43,000 and the machine has only two years of usable life left, how much will be depreciated in year five and in year six using the straight-line method of depreciation, and assuming the salvage value is still $5,000? Please show equations, thanks.
The market rate of interest for similar notes is 15%. Just need help calculating the unearned revenue
Described below are certain transactions of Edwardson Corporation. The company uses the periodic inventory system
Question - Research and Development Costs, How would the U.S. GAAP requiring capitalization of R&D costs benefit analysts' interests
Colgate-Palmolive Company has just paid an annual dividend of $0.96. Analysts are predicting an 11% per year growth rate in earnings over the next five years.
Analyse the conceptual framework with reference to the annual reports of your chosen companies in light of the reporting requirements imposed on accountants.
in the manufacture of 10000 units of a product direct materials cost incurred was 145800 direct labor cost incurred was
The company counted inventory incorrectly as of 12/31/08. What is the effect of the accounting errors on net income for fiscal 2008 (year ended 12/31/08)
A construction company is investigating two forming options for a new hotel project. Option A is the use of large-panel forms for the walls and table forms.
Traded the old company equipment for a new truck issuing a check to complete the transaction. The old used truck cost $3,800 and on September 30, the end of the quarter, had depreciated $2,200.
problem 30 amount realized and basis determination lo.1 kareem bought a rental house in march 2008 for 300000 of which
Its warranty expense is calculated as 1% of sales. Sales in 2013 were $40 million. What was the balance in the warranty liability account as of December 31, 2013?
Principles of Accounting Record income and receipts from credit customer, purchases, expenditures and payments to supplier and Differentiate between accrual and cash basis accounting.
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