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Question - If a project for equipment has a 7 year MACRS schedule but is sold in 6 years. Will the item be depreciation for the 6th year at all?
BeCo, which uses the perpetual method, records merchandise purchases at gross. On October 3, BeCo buys $42,000 of merchandise on account. Terms are 2/10,n/40. On October 11, BeCo pays $31,360. What journal entry does BeCo record on October 11?
8-year bond was issued at a discount on January 1. The balance in the Discount on Bonds Payable account is $15,000. What is the carrying value of the bond?
In relation to the 3rd question, what amount should be reported as the capital balance of partner E after the retirement of partner F
Illustrate what should the company establish as the sales price per unit if it sets a target of earning an operating income of $260,000 by producing and selling 50,000 units during the first year of operations?
Evaluate the price and quantity variances and purpose Direct materials Price Variance Efficiency varianceLabor rate variance Labor Efficiency Variance and pass necessary comments.
The broker requires a 49% margin and says the margin call will happen at 40%. At what stock price will you receive the margin call?
SHOW the journal entries for Abbot Corporation. Abbot Corp. issued a $270,000, three-year, zero-interest-bearing note payable to Athabasca Corp
Fair value @ 90000 at 1st July 2015 and on 18 August 2015 sold for $120000. what would be the value need to include in the business combination?
Since the revenue rate cannot be increased and costs will not be decreased if the repairs are made, can the cost of the repairs be capitalized? Why or why not?
If Dave decided to pay the loan off immediately after he made the 12th monthly payment, how much would his payoff amount be
Which events would make more likely that a company would choose to call its outstanding callable bonds? The company's bonds are downgraded.
How should foreign exchange gains on translation of the subsidiary's statements to Canadian dollars be reported on IQ's consolidated financial statements?
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