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Q: A firm of manufactures, whose books are closed on 31stDecember purchased machinery for 50,000 on 15 January , 1980.Additional machinery was acquired for Rs.10,000 on 1st July,1981and for Rs.16,466 on 14th April ,1984. Certain machinery,which orignally cost Rs.10,000 in 1980, was sold for Rs.5000 on30th June ,1983.
Given the machinery account for 5 years writing off depreciationat 10% on the written down value.
What would be the transfer price if the company uses a policy of setting the transfer price at variable cost plus a 20% markup?
On February 2, 2011, it was determined that the patent's useful life would expire at the end of 2013. How much would Lexicon record as amortization expense for this patent for the year ending December 31, 2011?
How is the value of a bond determined? What is the value of a 10- year, $1000 par value bond with a 10% annual coupon if its required rate of return is 10%
The fair value of all of Hathaway's identifiable tangible & intangible assets was $48,000,000. Short will amortize any goodwill over the maximum number of years allowed. What is the annual amortization of goodwill for this acquisition?
Mark Wilson, chief of personnel, has been instructed to increase the hiring of women at the Morton Cement Company.
Discuss how gift and estate taxes are "unified." What is the impact of taxable gifts on the donor's death tax base?
What required rate of return for this stock would result in a price per share of $28? If McCracken had both earnings and growth and dividened at a rate of 10% what required rate of return would result in a price per share of 28?
The Economic Order Quantity (EOQ) model is helpful in determining accurate inventory decisions. Discuss the major inventory costs that are used in determining the EOQ.
A corporation issues for cash $2,000,000 of 8%, 15-year bonds, interest payable annually, at a time when the market rate of interest is 7%. The straight-line method is adopted for the amortization of bond discount or premium. Which of the followin..
Which of the following statements is true regarding Fixed and Variable Costs?:
Make the required end-of-period adjusting entries for each independent case listed below.
Discuss the proper accounting treatment, including any required disclosures, for each situation. Give the rationale for your answers.
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