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Question: a) During the year to 30 June 20X7, Eugene Ltd sold a non-current asset for $36,000. It had been acquired three years ago at a cost of $180,000. At the date of disposal of the asset, the accumulated depreciation was $138,000.
What was the profit or loss on disposal, and what journal entries are needed to record the disposal?
b) Compare and contrast the allowance and direct write off method for uncollectible receivables.
Discuss which accounting principle would be violated if Vero Limited changed the inventory costing method from year to year. changing inventory costing method
Were there any ethical violations committed from either Ford or Firestone? Please support your claim with evidence from the article and other references.
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Freight costs were $120 and the company paid $108 of interest on a loan to buy the inventory. What is the unit cost that should be recorded
Preclosing trial balance for the City of Hudson Golf Course Enterprise Fund. Compute as of December 31, 2013,
Eve's Apples opened business on January 1, 2012, and paid for two insurance policies effective that date. The liability policy was $63,000 for eighteen-months, and the crop damage policy was $24,000 for a two-year term. What was the balance in Eve..
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