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Question -
Q1. A2Z television company purchased a microwave radio equipment for P6M. Freight and installation charges amounted to 4% of the purchased price. If the equipment will be depreciated over a period of 10 years with a salvage value of 8%, determine the depreciation cost during the 5th year using sum of the years digit method.
Q2. ABC corporation brought a vertical boring machine ten years ago for $90,000 with an expected life of 20 years. The new management anticipated now that the machine will serve well for another 6 years only and purchase a new machine at $120,000 with an expected life of 16 years. The old machine is depreciated as anticipated and can be sold now at $60,000. Operating cost of the old machine is $1,000 and the new machine is $500 per year. Salvage value is 10% of the initial value for both engines regardless of length of time they are used. If money is worth 10% to the company, should the old machine be replaced or not and how much is the difference of the annual cost for both alternative.
Identify the similarities and differences between job-order and process costing
Glacial Company estimates that variable costs will be 63.6% of sales, and fixed costs will total $682,000. Compute the break-even point in units and dollars
Explain how Sloan's negative retained earnings balance is reflected in the consolidated balance sheet immediately following the acquisition
The plant has an adjusted basis of $270,000, and Teresa receives insurance proceeds of $410,000 for the loss. Calculate Teresa basis in the new plant
assume the following cost and revenue data for general hospital fixed costs 15000000. variable cost per inpatient day
in 2010 grand falls bankgfb had 4000000 in business loans at an adverage interest rate of 3.5 percent as well as
Do you expect this marginal cost to be lower, or higher, than the average cost of looking after each of the current 100,000 current resident? Why? How low must the marginal cost be for you to be confident that the standards of health care can be m..
(Journal entries and financial statements for a Private Purpose Trust Fund) Prepare a statement of fiduciary fund net position as of that date.
You are required to prepare a flowchart describing the general process and information flows at Top Notch T-Shirt Printing.
The building had an adjusted basis to mr Wilson of 56000 and a mortgage of 30000 which d Corp assumed. What is mr Wilson basis in the stock received
Buffalo Company purchased a computer system for $87,300 on January 1, 2016. Prepare Buffalo's entry to record 2018 depreciation expense
Prepare a worksheet to calculate the end of reporting period adjustment to deferred tax asset and liability accounts as at 30 June 2015
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