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Question 1: A Company purchased a machinery that was installed and ready for use on January 1, 2019 at a total cost of P960,000. Salvage value was estimated at P80,000. The machinery will be depreciated over five years using the double-declining balance method. How much will be recorded as depreciation expense on this machinery for the year 2020?
What is the first step in applying activity-based costing? What are four activity levels associated with activity-based costing? Define each.
These expenditures were incurred by Dobbin Company in purchasing land: cash price $60,000, accrued taxes $5,000, attorney's fees $2,100.
Calculate the amount that Marilyn County will report in its December 31, 2013, government wide statement of net position as Invested in capital assets.
Cruz Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on June 30, 2011.
Prepare the long-term liabilities section of the balance sheet
an end of the month 13113 inventory showed that 140 units were on hand. if the company uses fifo and sells the units
What is the contribution margin per unit? What is the breakeven point per unit?
Prepare a statement of retained earnings for the year ended December 31, 2015, for Hayes Enterprises. (Note: Be sure to calculate and include the amount of cash dividends paid in 2015.)
On October 30, 2010, the Sanchez Company acquired a piece of machinery and signed a 12 month note for $24,000.
you have started a business that has now been going for a couple of years. due to the increased volume in sales you
They promise to give it back to you in 5 years, along with interest at a rate of 4% per year. How much will you receive at the end
A company with sales of $100,000, variable expenses of $70,000, and fixed expenses of $50,000 will reach its break-even point if sales are increased by $20,000.
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