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1. Refer to the situation described in BE 11-7. Assume that 2009 depreciation was incorrectly recorded as $32,000. This error was discovered in 2011. How should Robotics account for the error? What is depreciation on the building for 2011 assuming no change in estimate of useful life or residual value?
management anticipates fixed costs of 72500 and variable costs equal to 40 of sales. what will pretax income equal if
Venture Company acquired patent rights on January 3, 2005, for$661,500. The patent has a useful life equal to its legal life of 15 years. On January 5, 2008, Venture successfully defended the patent in a lawsuit at a cost of $105,000.
An integrated audit combines the audit of the financial statements and the internal controls of financial reporting. Please address the following topics:
A company manufactures two products bubble and squeak
the company is currently selling 7000 units per month. fixed expenses are 615000 per month. the marketing manager
Jeremy made an investment in Byte of Accounting, Inc., by purchasing 2,630 shares of its common stock paying $41,800 in cash and by contributing computer equipment with a fair market value of $58,140. The par value of the common stock was $22 per..
A musical style that combines traditional and modern elements is called
trojan corporation issued a bond on january 1 2003. interest on the bond was payable annually at december 31. the bond
the organization puts on three different fairs each year - one in february one in june and one in november. the fair
A perpetual inventory system
the welding department of hirohama manufacturing company has the following production and manufacturing cost data for
abc company produces a single product. material a is added at the start of the production process and packaging
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