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A business bought new computer software for $57,750 at the start of the year. It decides to follow IRS rules for depreciation of computer software and thus will depreciate the software cost over three years. The straight-line method (equal amounts per year) is used. The business has not recorded any depreciation on this software during the year. What year-end adjusting entry is recorded for depreciation of the computer software?
Based on its depreciation schedules, the annual depreciation on the business's machinery is $420,000. The business uses the straight-line depreciation method. The business recorded a machinery depreciation expense at the end of each quarter during the year, but no entry has been made for the fourth and final quarter. What adjusting entry for machinery depreciation should be recorded at year-end?
Assume also that in November 2013 Mike's home was burglarized. Mike's antique music box collection held for investment was stolen. Mike's basis in the collection was $8,000 and it was worth $15,000 at the time it was stolen.
1 kristen rented out her home for 15 days through the year for 3200. she used the home for personal purposes for other
Since the VP's trust you, they asked you to figure out the most they should pay for a license from SohnCo and how does this strategy work for them? Are they better off licensing or being aggressive?
Determine the 2011 balance sheet items current assets and shareholders equity
If the market value of a share of common stock is 3.2 times book value for 2010, what is the firm's P/E ratio for 2010?
Betty DeRose, Inc. uses job order costing. Manufacturing overhead is applied to jobs using a PDR of 140% of direct labor cost
tax law complexity - tax law is determined by congress not the irs. the irs only enforces the law congress makes.
Mostert Music Company had the following transaction in March - Cash basis Income Statement and Accrual basis Income Statement
Ranger Company produces men's ties. Budgeted and actual costs for March - Find the total variance from the flex
What is Stewarts year-end basis in his partnership interest
going back to windsor corp question 4 assume that ar changed from 530100 to 600000 inventory from 700000 to 774200ap
Liltua Company pays $375,280 for real estate plus $20,100 in closing costs. The real estate consists of land appraised at $157,040; land improvement appraised at $58,890; and a building appraised at $176,670. Allocate the total cost among the thre..
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