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Question 1: A factory machine was purchased for $125,000 on January 1, 2013. It was estimated that it would have a $25,000 salvage value at the end of its 5-year useful life. It was also estimated that the machine would be run 40,000 hours in the 5 years. The company ran the machine for 4,000 actual hours in 2013. If the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2013 would be
The following information is available for the Johnson Corporation for 2016: Beginning inventory $ 38,000 Merchandise purchases (on account) 168,000 Freight charges on purchases (paid in cash) 23,000 Merchandise returned to supplier (for credit) 25,0..
Rivendell Corporation and Foster Company merged as of January 1, 20XX. To effect the merger, Rivendell paid finder's fees of $40,000, legal fees of $13,000, and stock registration fees of $10,000. Based on the preceding information, under the acquisi..
Specified the demand for 1,500 Walnut Tables what is the manufacturing time per processing step and in total to manufacture 1,500 Walnut Tables What manufacturing step is a restriction for the current demand
Make a reconcilliation of Master Budget Operation Income, Flexible Budget Operating,and Actual Operating Income. Your reconcilliation should be properly headed and presented
Determine the cost recovery for the current year. Debra does not elect immediate expensing under S179.She elect not to take additional first year depreciation.
Jackson, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantity if 0.8 pound per glass as a cost of $0.30 per pound. The actual result for one month’s production of 6,900 glasses was 1.1 pounds per glass, at a cost of ..
Anne purchased an annuity from an insurance company that promised to pay her $24,000 per year for the next ten years. Anne paid $176,400 for the annuity, and in exchange she will receive $240,000 over the term of the annuity. How much of the first $2..
Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department. The process-costing system at Larsen Company has a single direct-cost category. What issues should the manager focus on ..
What is the smallest value of N (the life of the system) that can exist such that the probability of getting 15% internal rate of return or greater is 0.90?
The year-end physical count for Merchandise Inventory reflected a value of $51,500. Any difference in value will not be considered theft or loss
Eatable Company engaged in the following transactions during the month of July: July 1 Sold merchandise to A Company for 50,000, 2/10, n/30. Prepare journal entries using Gross method and Net method
Calculate the inventory-to-sale, sale-to-cash, and purchase-to-payment conversion periods for Munich Exports for 2016. Calculate the length of Munich Exports
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