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Question - Ms. Cool purchased a new freezer for her grocery store at a cost of $80,000 on July 1 of last year. Ms. Cool elected to expense $30,000 (Sec. 179) of the cost last year (consider this to be additional depreciation) and depreciated the remaining $50,000. Regular depreciation taken was $18,000. Total depreciation was $48,000 (regular depreciation of $18,000 and Sec. 179 of $30,000) prior to the sale of the equipment in December of this year. The sales price on December 1 of this year was $70,000. What is the classification of the gain on the sale?
Complete the NPV analysis of the stamping machine proposal, below-Compute the company's weighted average cost of capital, rWACC.
On July 1, 2017, Security A was sold for P1,400,000. What is the journal entry to record the sale? What is the entry to record the unrealized gain or loss?
Calculate the degree of financial leverage (DFL) for a firm when its EBIT is JD4,000,000. The firm has JD3,000,000 in debt that costs 10% annually
Advantages of a defined benefit plan include which of the following? The defined benefit approach allows employees to make contributions on a before-tax basis.
write a report on the article, including if described in the article items to report on: perpetrator info, why the fraud was committed (motive), amount of loss (damages).
What the journal entry needed to reflect the sale will be? The estimated useful life of the furniture at acquisition date was 8 years
Identification and Analysis of Potential Asset Retirement Obligations and determine whether you agree with LOI's conclusion and discuss the basis for your determination.
Journalize the entries to record the liquidation outlined below, using Assets as the account title for the noncash assets and Liabilities
What journal entries are required at December 31, 20X2, to reflect the increase/decrease in carrying value (cost or revalued amount less accumulated depreciation) on the revaluation of the operating license based on the traded values of similar li..
On the statement of cash flows, the cash flows from operating activities section would include
Discuss on the recognition criteria of the contract. Harta Bhd, a property developer, enters into a contract with Jaya Sdn Bhd (JSB) for the sale of building
The following information relates to Vice Versa Ventures for calendar year 20XX, the company’s first year of operations: Create an income statement using full costing.
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