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Question - Bought a piece of equipment for $40,000 dollars on January 1st Salvage value was $7,000 and useful life was 6 years. Estimated output was 120,000 units. 2009 output was 30,000 and 2010 output was 20,000.
1) Make adjusting entries for 2009 and 2010 for Straight-line, Units of Production, Double declining and sum of the years.
2) Make the adjusting entries for 2009 and 2010 for straight line, units of production, double declining and sum of the years if the equipment was bought on May 1st.
Should Heyer Appliances use the $110 circulation motor or the $125 motor to calculate the cost of materials reworked? Explain.
Production costs (140 units): Direct materials $89,291. Compute the amount of operating income that would be reported on the absorption costing income statement
purchase a 20xw ford truck for 26750. the terms include a 4750 down payment an a 3-year 6 promissory note to ford
The longest task is 2.4 minutes, and the total time for all tasks is 18 minutes. What are the minimum and maximum cycle times
Determine the cost of debt and equity for your chosen US publicly traded company using the techniques presented and Determine what, in your opinion, the optimal mix of debt and equity is for your company.
How would you reply to the CEO? Are there any ethical or financial reporting issues you need to consider before responding?
The departmental manufacturing overhead rate for the Small Bag line
Estimated that 1 percent of service revenue will be uncollectible. Show the effects of these transactions in a horizontal statements
Reid Shaw Company produces one product, a putter called GO-Putter. Compute the applied overhead for Shaw for the year
At what selling price per unit would the company be as well off upgrading the computers as if it just sold the computers in their present condition?
Compute the amount of gross profit to be recognized each year assuming the percentage-of completion method is used.
Company B issued $3,000,000 of a bond on 1-1-x1. Since the market interest rates were lower than the bond interest rate, the bonds were sold for a premium. The company received $3,200,000 for the bonds with a 20 year life, 10%, semiannual interest pa..
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