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Company sold office equipment for cash of $142,000. The accumulated depreciation at date of sale amounted to $138,000, and a gain of $18,000 was recognized on the sale. what is the original cost of asset.
classify and report the cash flow operations.for each of the following items indicate whether it would be classified
Industry-specific accounting issues and Measurement of Asset Value and Financial Accounting - Explanation of the concept of measurement.
Briefly define what an ethical dilemma is and describe the steps to consider when evaluating ethical dilemmas.
1. What is MACRS? In your explanation, please describe the recovery periods, depreciation methods and depreciation conventions. 2. What is the difference between a recognized gain/loss and a realized gain/loss?
Currently, the cost of equity, rs, is 11.5% as determined by the CAPM. Illustrate what would be the estimated cost of equity if the firm used 60% debt?
If the company produces 400 units and sells 1,200 units next year, what would be its cost of goods sold under absorption costing?
Oscar. Felix, and Marv are all one-third partners in the capital and profits of Eastside General Partnership. In addition to their normal share of the partnerships annual income, Oscar and Felix receive annual guaranteed payments of $7, 000 to compen..
question a company has operational expenses of the subsequentjan - 250000feb - 350000mar - 275000apr - 250000may -
Osborn Manufacturing uses a predetermined overhead rate of $21.20 per direct labor-hour. This predetermined rate was based on 8,120 estimated direct labor-hours and $172,144 of estimated total manufacturing overhead. The company incurred actual total..
Gorry Company's management has found that every 6% increase in the selling price of one of the company's products leads to a 10% decrease in the product's total unit sales. The product's absorption costing unit product cost is $12. According to the f..
bob and mary have been married for 25 years. they are both college professors. mary 50 years of age makes 65000 yearly
Variable cost per visit=$10. Annual direct fixed costs=$50. Allocation of overhead costs=$20,000 and expected utilization= 1,000 visits. What price per visit must be set if the SC wants to make an annual profit of $10,000 on the service?
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