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Question - Potomac LLC purchased an automobile for $30,000 on August 5, 2015. What is Potomac's depreciation expense for 2015 (ignore any possible bonus depreciation)
A. 3,160
B. 4,287
C. 6,000
D. 30,000
E. None of these
tanner-unf corporation acquired as a long-term investment 240 million of 6 bonds dated july 1 on july 1 2013. company
Schoomer Corp. paid $200,000 to purchase 30 percent of the stock of Shape, Inc. this year. At the end of the year, Shape reported net income of $50,000 and declared and paid dividends of $20,000.
Prepare the journal entries to record the issuance of the bonds, Prepare the journal entries to record the accrual of interest
A firm has total assets of $3,000,000. It has $1,200,000 in long-term debt. The stockholders equity is $1,000,000. What is the debt to total asset ratio
In 2011, P Company sells land to its 80% owned subsidiary, S Company, at a gain of $50,000. What is the effect of this sale of land on consolidated net income assuming S Company still owns the land at the end of the year?
Journalize the adjusting entry required under each of the following alternatives for determining the amount of the adjustment
Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
Infrared up conversion. One means of detecting infrared radiation is to first convert the infrared radiation to the visible by the process of sum frequency generation. Assume that infrared radiation of frequency ω1 is mixed with an intense laser b..
santana rey is considering the purchase of equipment for business solutions that would allow the company to add a new
Discuss the possible ethical issues that might have arisen from the structural connectedness between the News Limited and NRL competition prior
Northwest Financial Services was organized on April 1 of the current year. On April 2, Northwest prepaid $4,500 to the city for taxes (license fees) for the next 12 months and debited the prepaid taxes account.
Mee Kong, a Malaysian citizen, has been in Australia for 10 months on working holiday visa, Determine whether Mee Kong is a resident for tax purposes
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