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Question - Salvino Industries purchased a piece of equipment on January 1, 2015 for $42,750. At the time of purchase, the equipment was estimated to have a life of 4 years and a residual value of $3,350. On January 1 2017 Salvino determined that the equipment had a total useful life of 9 years (another 7 years left) and a residual value of $7,500. If Salvino uses the straight-line method of depreciation, what will be the depreciation expense for the machine in 2017?
On January 2, 2011, Mize Co. issued at par $300,000 of 9% convertible bonds. What would Mize's diluted earnings per share for 2011
Carla Vista has various lines of credit at 4%. Prepare the journal entry to record the transaction of December 31, 2017, for Carla Vista CO
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Assume an investor uses the constant-growth DVM to value a stock. Listed below are various situations that could affect the computed value of a stock.
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