Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
On October 1, 2013, the Allegheny Corporation purchased machinery for $157,000. The estimated service life of the machinery is 10 years and the estimated residual value is $3,000. The machine is expected to produce 350,000 units during its life. Required: Calculate depreciation for 2013 and 2014 using each of the following methods. Partial-year depreciation is calculated based on the number of months the asset is in service. (Do not round intermediate calculations.)
1. straight line
2. sum of years' digits
3. double declining balance
4. One hundred fifty percent declining balance
5. Units of production (units produced in 2013, 14,000; units produced in 2014, 29,000)
Prepare appropriate entries for both IGA and E Leasing from the inception of the lease through the second rental payment on April 1, 2011. Depreciation is recorded at the end of each fiscal year
Quantity-actual production time 1.5 hours, rest periods and clean up 0.33 hours, and setup and downtime 0.18 hours. Compute Standard direct labor rate per hour.
In-A-Flash, Inc. is a manufacture of the very popular G36 motor cycles. The management at In-A-Flash has recently adopted absorption costing and is debating which denominator-level concept to use. The G36 motorcycles sell for an average price of $8,9..
he company purchases the inventory under the credit terms of 2/15, net 40. APP always takes the discount but takes the full 15 days to pay its bills. Illustrate what is the average accounts payable for APP?
The only entries in the Retained Earnings account were for net income and dividends of $29,000 and $20,000, respectively. No buildings were sold during the period and stock was issued for cash.
Indicate whether the following revenues would most likely be classified as program revenues or general revenues on the government-wide statement of activities.
Determine the October 31 balance for each of the accounts above, and prepare a trial balance at October 31,2010.
Candid, Inc., is a manufacturer of digital cameras. It has two departments: assembly and testing. In January 2014, the company incurred $800,000 on direct materials and $805,000 on conversion costs, for a total manufacturing cost of $1,605,000. What ..
MoviesPlus, Inc. is in its third year of business. The company offers DVD rental to online customers for a fixed monthly fee.
how is the gross profit rate evaluated in this problem?on 1st january 2012 patrick company purchased 100 of the
Estimate cost of goods sold and the cost of the July 31 ending inventory using the retail method of evaluation. (Omit the "$" sign in your response.)
Evaluate the intrinsic value of the option? Determine the option's time premium at this price?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd