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Question: A 120-metric -ton telescoping crane that cost $320,000 is owned by Upper State Power. Salvage is estimated at $75,000.
a. Compare book values for MACRS and standard SL depreciation over a 7-year recovery period
b. Explain how the estimated salvage is treated using MACRS?
The actual return on plan assets was $5 million although it was expected to be only $4 million. What was the pension expense for the year?
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You are the owner and operator of Grains Plus located at Bathurst NSW. The rain during the spring have been the best in a decade and you are expecting a bumper.
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the following transactions adjusting entries and closing entries were completed by king furniture co. during a
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Which of the following depreciation methods would you recommend: straight-line depreciation, double declining balance method, or an alternative method
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