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Question - Your Company purchased an item of machinery with a useful life of 150,000 hours (or 15 years) at a cost of $467,500 ($425,000 + 42,500 GST) plus installation costs of $27,500 ($25,000 + $2,500 GST). The machine was six months old at June 30 and had been used for 3,800 hours. What the depreciation expense for the year ending June 30?
a. 7,600
b. 11,400
c. 10,766
d. 11,250
e. 15,000
What are the gains and losses of globalization? Are the general results of globalization positive
Residence as part of a property settlement 115,000. What amount can Jake deduct as alimony for the current year? Assume that the divorce occurred before 2019
Have Jimmy transfer some property along with the services rendered to the corporation. Instead of having the corporation issue debt on formation, Amber should withhold certain assets. For example, she could withhold the building and let the corpora..
You are an audit graduate assigned to the XYZ Ltd, Identify the key assertion in relation to the provided account that the control addresses.
What would be the amount of accumulated depreciation and the carrying value of the asset at 30 June 2020, if we were to use straight-line depreciation method
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describes the effect of the sale on Juan Foods?
On December 31, 2018, Johnson decides to pay the maximum amount it can in dividends to its shareholder. What is the dividend Yield Ratio
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