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Question - Onslow Company purchased a used machine for $240,000 cash on January 2. On January 3, Onslow paid $6,000 to wire electricity to the machine. Onslow paid an additional $1,200 on January 4 to secure the machine for operation. The machine will be used for six years and have a $28,800 salvage value. Straight-line depreciation is used. On December 31, at the end of its fifth year in operations, it is disposed of. Prepare journal entries to record depreciation of the machine at December 31.
Describe the discrepancy between Diamond Foods, Inc.'s description of payments to walnut growers and what the farmers themselves say the payments are for
Discuss the propriety of the charge. If it was improper, describe the proper treatment.
Common stock value is $30- issued for for $30 million for 10 years. $1,000 bonds equal 6 shares of Common Stock and the debentures bonds issued $11 million.
What does your choice say about your risk tolerance? If you chose option 1 or 2, what amount could would it choose option 3, $800,000, a million
lakeside inc. manufactures four lines of remote control boats and uses activity-based costing to calculate product
Annual insurance on the van is $800. As a result of the purchase, by how much will Marigold's Blooms increase its van account
Make journal entries to record the preceding transactions on the assumption that the bonus (or no revaluation) method is used.
Using a 4.5% discount rate, calculate the Net Present Value, Payback, Profitability Index, and IRR for each of the investment projects below (note, the inflows are for each year). Based on your calculations rank the projects and support you answer..
In terms of our knowledge is whether the firm is operating now on the falling segment of its LRAC (Long Run Average Cost).Discuss firm currently operating
Explain how the Sarbanes-Oxley Act affects the internal control of your organization or an organization of your choosing.
What is the present value on January 1, 2016, of 7 equal future annual receipts of $30,000 if the first receipt is received on January 1, 2016
rasheed company reports net income of 390000 for the year ended december 31 2011. it also reports 70000 depreciation
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