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Stanislaw Timber Company owns 9,000 acres of timberland purchased in 2003 at a cost of $1,890 per acre. At the time of purchase, the land without the timber was valued at $540 per acre. In 2004, Stanislaw built fire lanes and roads, with a life of 30 years, at a cost of $113,400. Every year, Stanislaw sprays to prevent disease at a cost of $4,050 per year and spends $9,450 to maintain the fire lanes and roads. During 2005, Stanislaw selectively logged and sold 945,000 board feet of timber, of the estimated 4,725,000 board feet. In 2006, Stanislaw planted new seedlings to replace the trees cut at a cost of $135,000. Stanislaw has not logged since 2005. If Stanislaw logged and sold 1,215,000 board feet of timber in 2016, when the timber cruise (appraiser) estimated 6,750,000 board feet, determine the cost of timber sold related to depletion for 2016.
The plan has a $2,000 deductible, but his employer contributed $1,500 to Rex' s HAS. Rex withdrew only $800 from the HAS, and the account earned $50 interest during the year.
The salary is reasonable in amount and George is in the 35% marginal tax bracket irrespective of any income from Black. Assuming that Black Corporation distributes all after-tax income as dividends, how much total combined income tax do Black and ..
A goodwill impairment test is done as part of the year end closing process. Grier estimates the fair value of Walters to be $1.4 million. The fair value of Walters identifiable net assets, excluding goodwill, is $1.3 million.
The expected life and salvage value each are four years and $15,000 respectively. Lake Shuttle has an average cost of capital of 14%. A. Calculate the net present value of the investment opportunity.
Prepare a 2011 balance sheet for Cornell Corp. based on the following information: cash = $136,000; patents and copyrights = $630,000; accounts payable = $215,000;
Abbey Co. sold merchandise to Gomez Co. on account, $35,000, terms 2/15, net 45. The cost of the merchandise sold is $24,500. Abbey Co. issued a credit memo for $3,600 for merchandise returned that originally cost $1,700.
for the past several years shane banovich has operated a part-time consulting business from his home. as of october
starmart manufactures skateboards. the company has a highly automated production process so itallocates manufacturing
presented below is information taken from a bond investmentamortization schedule with related fair values provided.
1. discuss the various depreciation methods. which is the most accurate? why?2. discuss the accounting for investment
comparing integer programming and linear programming please respond to the following explain how the applications of
what are the 2 methods that companies implement to adjust the outstanding accounts receivable for the current
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