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Reno company purchased equipment on January 1, 2012 for $82,000. The equipment is estimated to have a 5 year life and a salvage value of $5000. The company used straight line depreciation method.
If the original expected life remain the same (i.e 5 years) , but at the beginning of 2015 the salvage were revised to $6,000. The annual depreciation expense for each of the remaining years would be
a) 14,900
b) $9,333
c) $17,900
d) $14,675
determined that the economic benefits of the patent would not last longer than 6 years from the date of acquisition. Illustrate what amount should be reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2..
On January 1, 2009, Schultz Corporation issued $100,000 of its ten-year, 6% bonds payable at $98,000. The bonds were dated January 1, 2009, and interest is paid each December 31.
Information on Pioneer Automotive Inc’s direct material costs for September follows: Actual quantity of direct materials purchased and used: 30,000 pounds Actual cost of direct materials: $84,000 Unfavorable direct materials quantity variance: $3,000..
In addition, Ashley pays $14,000 in commissions and $3,000 in legal fees in connection with the sale. Explain how much does Ashley realize (the amount realized) from the sale of her property?
Depict the regression line on your graph. Use your graph to calculate the regression line using the criteria of economic plausibility, goodness of fit as well as significance of the independent variable.
Could you please research and explain what happens with the additional paid in capital account when a partnership is dissolved?
Division a is considering a project that will earn a rate of return that is greater than the required return on operating assets, but less than the division's ROI. Division B is considering a project that will earn a rate of return that is greater th..
Lauer Company reported net income of $66,800 on sales of $300,000. The company has total assets of $500,000 and total liabilities of $100,000. What is the company's return on equity ratio? 10.0%, 12.5%, 16.7% or 50.0%
Exercisable at the option price of $25 per share: average market price in 2011, $30 84000 shares instructions compute (a) basic earnings per share, nd (b) diluted earnings per share.
similarity between financial and managerial accounting.1. turner corporation operates two stores alpha and beta. the
decision making as to process further or sale out.sonimad sawmill manufactures two lumber products from a joint milling
In September direct labor was 40% of conversion cost. If the manufacturing overhead for the month was $66,000 and the direct materials cost was $20,000, the direct labor cost was: $13,333 $44,000 $99,000 $30,000
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