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Problem 1: A company purchases a machine with an expected useful life of 6 years for 9000. After two years of use management revised expected useful life to 8 years . The machine is to be depreciated at 30 % per annum on the reducing balance basis. A full years depreciation is charged in the year of purchase with none in the year of sale. During year 4 sold for 3000. What is the profit or loss on disposal?
paul is the manager of a motel. as a condition of his employment paul is required to live in a room on the premises so
What is applications architecture? In drafting such, is the technology involved the most important content? Expand your answer. The response must be typed.
The balance in retained earnings on January 1, 2017, for Palmer Inc. was $850,000. Prepare the retained earnings statement for 2017
a firm with a 13 wacc is evaluating two projects for this years capital budget. after-tax cash flows including
which of the following is true about a cash flow statement using the indirect method of determining cash from
Recommend two controls that you would establish at Koss Corporation over electronic fund transfers.
Do you think that the supply side economic theory really works where if you lower tax rates there is an increase in tax revenue? Explain how your solution would work.
What is the basic difference between absorption costing and variable costing?
What are the differences between basic and diluted earnings per share? What are the differences between the numerator and the denominator
companies that move into a new country are often faced with a dilemma of adjusting to local practices or enforcing the
Describe the cyclical nature of business activity. Make sure to discuss the operating and financing cycle.
Given account name and balance - Accounts receivable 100 and Prepaid rent expense 20. Prepare the equity section of the balance sheet only
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