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On January 1,2017 the cullumber company ledger shows equipment $38100 and accumulate depreciation $13840 the depreciation resulted from using the straight line method with a useful life of 10 years and salvage value of $3500 on this date the company concludes that the equipment has a remaining usefu life of only 2 years with the same salvage value so what the revised annual depreciation
Houston Corporation operates a branch operation in a foreign country. Although this branch deals in pesos, the U.S. dollar is viewed as its functional currency. Thus, a remeasurement is necessary to produce financial information for external reportin..
The following lots of a particular commodity were available for sale during the year: The firm uses the periodic system and there are 20 units of the commodity on hand at the end of the year. What is the amount of inventory at the end of the year acc..
computation of unit costs for materials and conversion costs based on equivalent units of production given production
Compute the payback period for the NC equipment. Compute the NC equipment's ARR. Compute the investment's NPV, assuming a required rate of return of 10 percent.
Research Problem 2. Stuart is a columnist for a metropolitan newspaper. He holds a degree in journalism from a major midwestern university. For the past 10 years, Stuart has prepared his own income tax returns. He finds doing so to be challenging and..
An investment will pay you $50,000 in 11 years. If the appropriate discount rate is 7.7 percent compounded daily, what is the present value? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,..
Inventory and Cost of sales - Need to evaluate amount of cost of goods sold using: FIFO, LIFO and weighted average.
Direct labor, direct materials, and manufacturing overhead are all product costs. Why is overhead more difficult to account for than either direct labor or direct materials?
Prepare journal entries to record the transactions and event and any year-end fair value adjustment to the portfolio of long-term available-for-sale securities.
Prepare the suitable journal entry, if any, to record this accounting change. Purpose the journal entry to record depreciation for 2013.
Suppose you are designing a level aggregate plan using inventory and back orders (shortages). You are not using any overtime or subcontracting. How many workers per period (same for every period) are needed for the level aggregate plan?
Assume McEntire Corp. restricted retained earnings in the amount of $70,000 on December 31, 2010. After this action, what would McEntire report as total retained earnings in its December 31, 2010, balance sheet?
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