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Kobe Company has a factory machine with a book value of $88,520 and a remaining useful life of 5 years. It can be sold for $25,550. A new machine is available at a cost of $246,830. This machine will have a 5-year useful life with no salvage value. The new machine will lower annual variable manufacturing costs from $745,420 to $622,620. Prepare an analysis showing whether the old machine should be retained or replaced. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
The old factory machine should be retained replaced.
Describe how influential you believe the IASB is over FASB. Describe whether or not you support the U.S. adopting International Financial Reporting Standards for publicly traded companies.
transactions for fixed assets including salethe following transactions adjusting entries and closing entries were
Chev Corporation, a calendar year corporation, has alternative minimum taxable income (before any exemption) of $1.28 million for 2008. The company is not a small corporation. If the regular corporate tax is $209,000, Chev's alternative minimum ta..
What other ratio or ratios might you review to determine whether or not the increase in the current ratio is an improvement in financial health?
1.which of the following is not a permissible method of calculating a bonus to an employee?a. the bonus is based on
The following conversation took place between Dean Lancaster, vice president of marketing, and Dina Conaway, controller of Redwood Computer Company:
A corporation sold land (with an adjusted basis of $240,000) for $200,000 to its majority shareholder. (A) What is the company's recognized gain or loss on the sale?
You are preparing taxes for Tim, a business investor, and must calculate his adjusted gross income. Tim invested $10,000 in a business (only slightly less than the other investors) but is claiming a loss of $24,000.
salter mining company purchased the northern tier mine for 58000000 cash. the mine was estimated to contain 1120000
What are the implications for a company's receivable management of selling its products internationally?
Determine the value that should be recorded for the building when it is purchased. Assume a 6 percent annual interest rate.
A research project related to research of the Professional of Conduct
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