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Machine A The cash price of this machine was $38,000. Related expenditures included: sales tax $1,700, shipping costs $150, insurance during shipping $80, installation and testing costs $70, and $100 of oil and lubricants to be used with the machinery during its first year of operations. Pele estimates that the useful life of the machine is 5 years with a $5,000 salvage value remaining at the end of that time period. Assume that the straight-line method of depreciation is used. Machine B The recorded cost of this machine was $160,000. Pele estimates that the useful life of the machine is 4 years with a $10,000 salvage value remaining at the end of that time period. Prepare the following for Machine A.
my corp has liabilities of 450000 common stock of 20000 and retained earnings of 185000. what is the stockholders
structuring a make-or-buy problem fresh foods a large restaurant chain needed to determine if it would be cheaper to
jackson and campbell have capital balances of 100000 and 300000 respectively. jackson devotes full time and campbell
Koontz Company manufactures a number of products
In response to a request from your immediate supervisor, you have prepared a CVP analysis portraying the cost and revenue characteristics of your company's product and operations.
all of the following questions are true false questions.1. one potential problem with using return on investment roi
patriot company shows a balance of 241140 in the accounts receivable account on december 31 2012. the balance consists
dylan is a self-employed calendar year taxpayer. he reports on the cash basis. dylan made the following estimated state
ca7-3clark pierce conducts a wholesale merchandising business that sells approximately 5000 items per month with a
Norm did not file a claim against the insurance policy because of a fear that reporting the accident would result in a substantial increase in his insurance rates. His adjusted gross income was $14,000 (before considering the loss). What is Norm's..
59. Ida owns 30% of the stock in Mockingbird, a calendar year S corporation. Her basis in the stock as of January 1, 2013, is $120,000. Mockingbird has an operating loss of $500,000 in 2013 and an operating profit of $600,000 in 2014. Ida ..
on september 30 2011 ace electronics issued 100000 of 10-year 8 bonds at 100. the bonds pay interest semiannually on
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