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On 2009 January 2, a new machine was acquired for USD 900,000. The machine has an estimated salvage value of USD 100,000 and an estimated useful life of 10 years. The machine is expected to produce a total of 500,000 units of product throughout its useful life. Compute depreciation for 2009 and 2010 using each of the following methods:
a. Straight line.
b. Units of production (assume 30,000 and 60,000 units were produced in 2009 and 2010, respectively).
c. Double-declining balance.
Praeuner Company has surveyed the market and set a target selling price of $2,000 per unit for its product. Praeuner believes it can sell 100,000 units of this product over its two-year life.
At January 1, 2014, Hennein Company had plan assets of $298,000 and a projected benefit obligation of the same amount. During 2014, service cost was $36,120, the settlement rate was 10%, actual and expected return on plan assets were $28,390, contrib..
Compute the budgeted merchandise purchases for June and prepare the budgeted income statement for June through gross profit.
Prepare a schedule showing the distribution of net income, assuming net income is (1) $50,000 and (2) $36,000 and journalize the allocation of net income in each of the situations above.
Consolidations must be performed based on the level of control; many companies, however, use different methods for their internal record keeping. In general, what do these entry notations mean? Provide at least one example of a journal entry for one ..
evalutaing the investment from the cash flow.the 20x8 comparative balance sheet and income statement of genie marketing
Calculation of Bond price and Interest Rate risk and the percentage change in the price of Bonds Sam and Dave is _____ percent and _____ percent respectively.
Prepare the journal entry(ies) to record the issuance of zero interest bearing notes and warrants for the cash consideration that was received.
Which of the following is least related to the concept of independence in appearance?
Prepare an email summary (no more than 250 words) to the president of MIPS Electronics summarizing the benefits and limitations of a workflow management system.
On their separate 2006 income statements, Payton and Starker reported depreciation expense of $84,000 and $60,000, respectively. Create eliminations for consolidation due to the following transaction for 2006 and 2009.
What is the difference in the projected ROEs between the conservative and aggressive policies -
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