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On January 1, 20X1, Pagoda Pond Construction acquired a small excavator for $180,000. This device had a 4-year service life to Pagoda, at which time it is expected that the equipment will be sold for a $20,000 salvage value: Pagoda uses the double-declining balance depreciation method. Prepare a schedule showing annual depreciation expense, accumulated depreciation. Show your work for partial credit. (A). Round your depreciation expense to the nearest $100. (B). Show how the asset and related accumulated depreciation would appear on a balance sheet at December 31, 20X3
compute the margin of safetynbspnbspnbspnbspmolander corporation is a distributor of a sun umbrella used at resort
Why is it more difficult to distinguish between internal and external users in governments than in businesses? From what two perspectives must the financial statements under the Governmental Accounting Standards Board (GASB) No. 34 reporting model be..
Compute Welch's gross pay, payroll deductions, and net pay for the full year 2012. Round all amounts to the nearest dollar and compute United's total 2012 payroll expense for Welch.
journalize these transactions first on the books of arnold drug stores and second on the books of gerson
What guidance does the Generally Accepted Accounting Principles, ethics, reputation and legal liability provide in the preparation of financial statements for external users?
please see attached
How to journalize a 2-month, 6%, $203 million note receivable from a large corporate customer in exchange for the customer's past due account? Note: the company made the proper year-end adjusting entry for the interest on this note. Also, how to jour..
What is the meaning and importance of an optimal capital structure to the cost of capital calculation?
Three different companies each purchased a mcahine on January 1, 2012 for 54,000. Each machine was expected to last five years or 200,000 hours, salvage walue was esitmated to be 4,000. which company will report highest amount of net income for 2..
analyze and describe how you think big banks are or are not ripping off pension funds. support your response with
The relative cost of wheat into autos (slope of the line) is .33 bushels of wheat. So, to produce one auto, the nation needs to give up .33 bushels of wheat? How the book came up with this slope? Why is not 18/5= 3.6 the slope?
Determine the best regression equation possible given the data in Table 1 and the fact that overhead is to be the dependent variable.
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