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Question - Dexter Company uses the direct write-off method. March 11 Dexter determines that it cannot collect $8,600 of its accounts receivable from Leer Co. 29 Leer Co. unexpectedly pays its account in full to Dexter Company. Dexter records its recovery of this bad debt.
1. Record write off of Leer Co. account.
2. Record the reinstatement of an account previously written off
3. Record the cash received on account.
Prepare journal entries to record the above transactions.
Record the purchase of the computer system and the depreciation expense for the first year under straight-line and double-declining-balance
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Yield on 10 year T bond is 6%, market risk premium 4%, return on average last year was 10% Estimate the cost of common equity using the capm
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Describe in the context of IAS 36, the external and internal indicators that impairment of non-current assets or goodwill may have occurred.
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