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Problem - A machine on the ledger of Mitchell Co. was booked at an original cost of $250,000. Accumulated depreciation on the machine at December 31 was $140,000. The asset disposal/sale took place 3 months into the new year on March 31.
Required -
Journalize the entry to record $10,000 of depreciation for the three months up to the assets removal from the books on March 31.
If the machine were dumped as worthless on March 31, what the entry to record the disposal?
National Telecommunication (NT), a provider of telecommunication services to businesses, has been in existence for a few years. All of NT's sales are on credit.
Describe internal controls that should be in place at the Air Force to help prevent such fraud.
Rosenthal Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department
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dygat corporation has 10000000 of 9 percent 20-year bonds dated june 1 2010 with interest payment dates of may 31 and
denny removal company removes potentially toxic asbestos insulation and related products from buildings. the companys
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How can the skills, loyalty of workers ,customer base and reputation of the company be reliably measured or how will you approach measuring these items?
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