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Question - The car account has original useful life of 10 years and no residual value. The company bought the car at the beginning of 2013 and has been using the cost model and straight line depreciation method to account for the car. At the beginning of the current fiscal year of 2015, there is a change in estimate and it is determined the remaining useful life be adjusted to 4 years because of its increasing wear and tear. The reported value of $ 30,000 is the amount after recording the new depreciation expense for the current. What is journal entry?
west coast marine amp rv is considering replacing its wired pendant controllers on its heavy-duty cranes with new
grassy fertilizer manufactures two lines of garden grade fertilizeras part of a joint production process gf10 and gf20.
On January 1, 2009, Boston Company purchased a heavy duty machine having an invoice price of $13,000; Boston paid transportation and installation costs totaling $3,000. The machine is estimated to have a 4-year useful life and a $1,000 residual va..
strikers inc. sells soccer goals to customers over the internet. history has shown that 3 of strikers goals are faulty
Based on the preceding information, what amount of total assets did Video report in its balance sheet immediately after the acquisition
finished goods inventory is 190000. if overhead applied to these goods is 72000 and the overhead rate is 120 of direct
How do ethics codes apply to project selection and capital budgeting? What are the potential risks to a company of unethical behaviors by employees? What are potential risks to the public and to stakeholders? Please explain how Saint Leo's core value..
mango cereal corporation uses a standard cost system to collect costs related to the production of its crunchy pickle
1. does the company use the direct or the indirect method to prepare the statement of cash flows? how can you tell?
Prepare the general journal entries for the 1 July 2015 recognition of impairment loss on machinery of $10,000 and 1 July 2015 recognition of reversal of impairment loss on machinery of $15,000.
What are the consequences for growth of diminishing returns to capital? How are some economies able to maintain high growth rates despite diminishing returns to capital?
why do you only subtract the preferred dividends from net income to calculate the eps but not the common stock
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