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Question - A company installed two oil tanks for $2,500,000 on Jan 1, 2013. It is expected that the tanks will have a life of 10 years and at the end of the 15 years t hey will cost $600,000 (present value at 10% is $231,330) to dismantle. 10% is deemed the appropriate interest rate for the company. What are the total expenses that should be recorded for 2013 as a result of this installation? Please show all work.
On January 1, 2014, Gore Co. sold to Cey Corp. $800,000 of its 10% bonds for $708,236 to yield 12%. Interest is payable semiannually on January 1 and July 1. What amount should Gore report as interest expense for the six months ended June 30, ..
a company has a minimum required rate of return of 8. it is considering investing in a project that costs 91116 and is
Emerald Corporation, a calendar year and accrual method taxpayer, provides the following information and asks you to prepare Schedule M-1 for 2015
Journalize the treasury stock transactions, and prepare the closing entry at December 31, 2010, for net income.
finch corporation organized in 2009 had profits in 2009 and 2010. in 2011 the corporation has a loss from operations
hatch company has two divisions o and e. during the year just ended division o had a segment margin of 9000 and
explain what type of audit report is used when the entity would not allow the cpa to confirm any of the accounts
Lopez, Inc. has 2,000 shares of 4%, What are the dividends received by the preferred and common shareholders in 2010
Not all benefits have monetary value. Companies are in business to make money, therefore the benefits should generate revenues whether directly or indirectly. As CFO of a company, what technical analysis would you do to determine the cost/benefit ..
What are the three basic forms of business organizations for profit-oriented enterprises?
on january 1 2010 the balance in tabor co.s allowance for bad debts account was 13085. during the first 11 months of
Lorenzo operates a brushless car wash. Incoming cars are put on an automatic, continuously moving conveyor belt. A car is washed as the conveyor belt carries.
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