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Question - Depreciation-SYD, SL, and DDB
A machine costing $900,000 was purchased on Jan 1, 2017. Its estimated salvage value is $90,000 and its expected useful life is eight years.
Instructions - What the depreciation expense (to the nearest dollar) for the years 2017, 2018 and 2019 (to the nearest dollar) by each of the following methods. Show your computations using the formula of each method.
(a) Straight-line
(b) Double-declining balance
(c) Sum-of-the-years'-digits
Determine the allocation of the dividend to preferred and common stockholders assuming the preferred stock is cumulative and dividends are 1 year in arrears.
Jack received a Form 1099-DIV. The only amount shown on Form 1099-DIV is in box 2a. How should Jack report amount? Jack should report the amount in box 2a
Rania Farouk must earn a return of 12% on an investment that requires an initial outlay of $2,000 and promises to return $6,000 in eight years.
What the greatest impact on audit effectiveness comes from the risk? underreliance and incorrect acceptance. /overreliance and incorrect acceptance.
Make a persuasive, but concise, response to Peter Chou. Mr Chou is not an accountant so ensure that the explanation is understandable to a non accountant.
Spitz Company with a carrying value of $1,500,000 are converted to 500,000 shares of $1 par value common stock. Record the entry for the conversion of the bonds
What is an operational budget? What items are included in an operational budget? What is a master budget? What items are included in a master budget
Standard quantity of materials: 6.40 feet per product. Actual total materials costs incurred: $24,600. Compute the total materials variance
During November, the net amount increased by $10,000. What was the balance of owner's equity on November 30
carole dahl is chief financial officer of the phoenix division of dahl corporation a multinational company with three
assume sparkle co. expects to sell 150 units next month. the unit sales price is 100 unit variable cost is 35 and the
Explain how shaving 5% off the estimated direct labor hours in the base of the predetermined overhead rate usually results in a big boost in the net operating income at the end of the year.
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