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A Depreciation: GREEN company acquires a machine at a cost of $20,000. The machine is expected to have a salvage value of $5,000 at the end of its 10-year useful life. It's estimated that the machine will also last for 15,000 widgets. The machine was purchased on Jan. 1, 1999. It produced 10,000 widgets in Yr 1; and 5,000 widgets in Yr 2.
Prepare journal entries using STRAIGHT-LINE METHOD.
a. Acquisition of machine for cash.
b. Adjusting entry for DEPRECIATION on Dec. 31, Yr 1.
c. Adjusting entry for DEPRECIATION on Dec. 31, Yr 2.
Explain two products or services that might use both process and job order costing methods to determine the cost of a finished unit.
Which actions would fall in the high power and high interest quadrant of the stakeholder grid and this guide Principals management on whom to attend
Do you have any concerns about lending the company money?
net present value cma adapted lo 3 maybe i should have stuck with teaching high school art. no matter what i try i cant
A business sells real property for $950,000, The adjusted cost base of the land was $250,000. What are the tax consequences of this disposition?
The company produced 5,000 units and sold 4,000 units for $15.00 a unit. Determine the average cost to produce one unit
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Find What level of safety stock should the materials and parts manager keep on hand for XL-20? What is the new reorder point for the chemical?
The company actually produced 110,000 units and incurred $535,000 in fixed manufacturing overhead costs. Calculate the expected capacity variance.
Determine the residual income for each division. Management has established a minimum rate of return for invested assets of 11%.
Use the per-unit contribution margin approach to determine the break-even point in units and dollars. Walton Corporation sells products for $41
Direct Labor by $8, and new cake pans will have to be purchased for $12. Should Carla's Cakes accept the special order? Why or why not
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