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Question - On January 1, 2016, ABC Company purchased machinery for 4,000,000. On the date of installation, it was estimated that the machinery has a 10-year useful life and 400,000 residual value. At the beginning of 2020, Festival revised its useful life to 8 year from acquisition date and increased the residual value by 60,000. What is the depreciation of the machinery in 2020?
The initial margin is $4,000 and the maintenance margin is $3,000. What is the futures price per unit above which there will be a margin call
Calculate the two equal instalments, one in one year and the other in two years, that would replace a payment of $1,600.00 today
Prepare the adjusting entry for manufacturing overhead, assuming the balance is allocated entirely to Cost of Goods Sold. Determine the gross profit
Post any questions about the course materials, text readings, or sample final exam here in this thread. The individual assignment should remain an individual assignment, but you may certainly ask questions about similar problems
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Klump Trekkers, Inc., manufactures engines that are used. What would be the financial impact on Klump of outsourcing the camshaft assembly to Mercury?
Beginning work in process 11,000 units, 20% complete. Units started into production. Compute equivalent units of production for materials and conversion costs.
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