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On January 1, 2018, Zee Company purchased for P2,400,000 a machine with a useful life of ten years and no residual value. The machine was depreciated by the double declining balance method and the carrying amount of the machine was P1,536,000 on December 31,2019. The entity changed to the straight line method on January 1,2020.
Problem 1: What is the depreciation for 2020?
replacement of direct labor workers with highly automated machines has the following effect on variable and fixed
Quantity Dairy which has three cashiers on duty at all times. All three have access to the same cash drawer.
On June 1, Michelle Sasse started Divine Creations Co., a company that provides craft opportunities, by investing $15,200 cash in the business.
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Sam's Used Cars uses the specific identification method of costing inventory. During March, Sam purchased three cars for $6,000, $7,500, and $9,750, respectively. During March, two cars are sold for $9,000 each. Sam determines that at March 31, th..
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Determine if the cost method the company has chosen is most appropriate and explain three (3) reasons why the method is appropriate.
Prepare the journal entries to record employer's pension contribution and vacation pay accrual. Canada Pension Plan is 4.95 percent of the pensionable earnings
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