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What is the adjusting entry to remove an item that was incorrectly capitalized and depreciated for three years? I believe I would reverse the asset entry and remove the accumulated depreciation. But what is the entry? Also to note, this was not sold, but rather just a one-off cost and use of carpet at a trade show. We did not take the carpet with us.
the 2-month interest rates in switzerland and the united states are respectively 3 and 8 per annum with continuous
at a recent company meeting an employee remarkswe were working so hard to get the income for our bonus thisyear. then
phil phoenix is paid monthly. for the month of january of the current year he earned a total of 8288. the fica tax rate
in comparing the canceled checks on the bank statement with the entries in the accounting records it is found that
What amount of interest income should be included in Moor's 2011 income statement (the second year of the contract)?
marlin bowling installs automatic scorekeeping equipment with an invoice cost of 350000. the electrical work required
a june sales forecast projects that 7500 units are going to be sold at a price of 12.00 per unit. the desired ending
undeveloped real estate in mr. greys name and the name of his daughter sue smith jointly with right of survivorship
the peace company has the following functional traditional income statement for the priornbspmonth.sales50 100000
on january 1 2012 crown company sold property to leary company. there was no established exchange price for the
pillar steel co. which began operations on january 4 2011 had the following subsequent transactions and events in its
a dubois inc. has completed the purchase of new dell computers. the fair value of the equipment is 825400. the purchase
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