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On February 2, 2013, Alexandra purchases a personal computer for her home. The computer cost $3,000. Alexandra uses the computer 80 percent of the time in her accounting business, and the remaining 20 percent of the time for various personal uses. Calculate Alexandra's maximum depreciation deduction for 2013 for the computer, assuming she does not make the election to expense or take bonus depreciation.
on september 1 sheehan inc. signed a 5.5 mortgage installment note for 340000. the monthly payment of 2000 is due on
Spock Corporation's unadjusted trial balance at Dec 31, 2007, included the following accounts. Spock Corporation estimates its bad debt expense to be 1.5% of net sales.
murray company purchased 26800 in direct materials from bartunek company terms 210 n30. prepare the journal entry to
for this we must do tasks related to a retail store selling dvds. this business is relatively simple with approximately
Calculate the difference between current assets and current liabilities for Garys TV at December 31, 2009. Calculate the total assets at December 31, 2009.
the ritz manor is a popular seaside resort. a double room costs 220 for one night. to reserve a room guests must pay
Beebe Corporation (a calendar year taxpayer) has taxable income of $150,000, and its financial records reflect the following for the year.
In taking a physical inventory on December 31, Jensen counted all goods on hand and priced the inventory on the basis of average cost. The total amount was $600,000. No goods in transit were included in this figure.
monex reported 65000 of net income for the year by using absorption costing. the company had no beginning inventory
a contractor has purchased a wheeled loader for 130000 and expects to use the loader an average of 1500 hours per year.
During the first year, McCabe removed 90,000 barrels of oil, which it sold on account for $39 per barrel. Operating expenses totaled $850,000, all paid in cash.
a firm uses a single discount rate to compute the npv of all its potential capital budgeting projects even though the
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