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!
Dower Corporation prepares its financial statements according to IFRS. On March 31, 2011, the company purchased equipment for $240,000. The equipment is expected to have a six-year useful life with no residual value. Dower uses the straight-line depreciation method for all equipment. On December 31, 2011, the end of the company's fiscal year, Dower chooses to revalue the equipment to its fair value of $220,000.
Required:
1. Calculate depreciation for 2011.
2. Prepare the journal entry to record the revaluation of the equipment. Round calculations to the nearest thousand.
3. Calculate depreciation for 2012.
4. Repeat requirement 2 assuming that the fair value of the equipment at the end of 2011 is $195,000.
rovniak reeds a manufacturer of saxophone oboe and clarinet reeds has projected sales to be 890000 in october 950000
Rent income should be shown on the income statement : a. Pretax as part of income from continuing operations before tax. b. net of tax as part of income from continuing operations before tax
hard corporation projects sales of 230000 in may 250000 in june 260000 in july and 240000 in august. since the dollar
Tom wants to retire at the end of this year (2010). His life expectancy is 20 years from his retirement. Tom has come to you, his CPA, to learn how much he should deposit on December 31, 2010 to be able to withdraw $40,000 at the end of each year ..
The finished goods inventory on hand at the end of each month must be equal to 5,000 units plus 25 percent of the next month's sales. The finished goods inventory on June 30 is budgeted to be 13,750 units.
bubbas bait shop sells spinner top water diving and tube baits. bubba estimates that his variable costs are 0.20 per
William's basis in the WAM Partnership interest was $100,000 just before he received a proportionate liquidating distribution consisting of investment land (basis of $30,000, fair market value $40,000), and inventory (basis of $30,000, fair market..
cole corporation issued 400000 7 20-year bonds on january 1 2014 for 360727. this price resulted in an
The company applies overhead on the basis of 125% of direct labor costs. Calculate the amount of over- or underapplied overhead.
The petty cash custodian reported the following transactions during the month. Prepare the journal entry to record the replenishment of the fund. A $ 10 cash payment is made to Starbucks to purchase coffee for a business client, a $ 40 cash payment i..
carmen company uses weighted-average process costing to account for its production costs. direct labor is added evenly
1.what are the functional currencies of fords subsidiaries?2.how much and where did ford report the gain or loss on
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