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The equipment has been depreciated using the sum-of-the-years'-digits method for the first 3 years for financial reporting purposes. In 2012, the company decided to change the method of computing depreciation to the straight-line method for the equipment, but no change was made in the estimated service life or salvage value. It was also decided to change the total estimated service life of the building from 30 years to 40 years, with no change in the estimated salvage value. The building is depreciated on the straight-line method.
(a) Prepare the journal entry to record depreciation expense for the equipment in 2012.
(b) Prepare the journal entr
Determine and analyze other methods to decide when to ship goods and their implication on the business.
How many of the above items will appear as a cash inflow from investing activities on a statement of cash flows for the current year?
What's the difference between random error resulting from manual processing and systematic error resulting from IT processing?
Addtl. Info: Investments were sold at a loss (not extraordinary) of $7,000; no equipment was sold; cash dividends paid were $50,000; and net income was $160,000 Prepare a statement of cash flows for 2010 for Sondegaard Corporation.
Calculate the present value for this annuity if interest is compounded semi-annually.
two circles touch each other externally. one of the circles is 300 more in area than the other. if a is the centre of
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A corporation issued $600,000 of 8%, 5-year bonds on January 1, at 102. Interest is paid semiannually on January 1 and July 1. If the corporation uses the straight-line method of amortization, the amount of bond interest expense to be recognized o..
sun instruments expects to issue new stock at 34 a share with estimated flotation costs of 7 percent of the market
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