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A company purchased factory equipment on April 1, 2005, for $48,000. It is estimated that the equipment will have a $3,000 salvage value at the end of its 10-year useful life. Using the straight-line method of depreciation, what amount would be recorded as depreciation expense at December 31, 2005? OMIT all dollar signs, commas and decimals. Round to the nearest whole dollar. List numbers only, no letters.
Paid installers and other employees a total of $82,000 for salaries for the year. Assume the Social Security tax rate is 6 percent and the Medicare tax rate is 1.5 percent.
the stockholders equity section on the december 31 2009 balance sheet of chemfast corpo-ration reported the following
The cash disbursements for selling and administrative expenses on the August selling and administrative expense budget should be?
on may 31 2001 cole co paid 3500000 to acquire all of the common stock of hale corporation which became a division of
For what is cost-volume-profit (CVP) analysis used? What are some of the key underlying assumptions that make CVP analysis useful for decision makers? Why might decision makers use CVP analysis?
Identify three to five (3-5) factors that contributed to the accounting information system failure within the business that you have identified. Indicate the impact to the business. Provide support for your rationale
$10,000,000 face value, serial bonds repayable in 40 equal semi-annual installments of $500,000, which includes coupon payments and repayment of principal, for 20 years, priced on the market to yield 6% compounded semi-annually. Round your answer ..
smalley inc. purchased items of inventory as follows jan. 4 100 units 2.00 jan. 23 120 units 2.25 smalley sold 50
the family support center is a small charitable organization. it has only four full-time employees two staff an
1. what advantages can an entrepreneur who buys a business gain over one who starts a business from scratch?2. how
State the circumstances in which time rate system of wage payment can be preferred in a factory. What are the advantages of this system?
Depreciation is cost allocation not valuation and accumulated depreciation is a sum of cash being accumulated for the replacement of fixed assets. Do you agree? Explain your answer?
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