You have determined that foothill corp depreciates its

Assignment Help Accounting Basics
Reference no: EM13578696

You are comparing two companies in the same industry. You have determined that Foothill Corp. depreciates its plant assets over a 40-year life, whereas DeAnza Corp. depreciates its plant assets over a 20-year life.Discuss the implications this has for comparing the results of the two companies?

Reference no: EM13578696

Questions Cloud

The following information is available for patterson : the following information is available for patterson company 2014 2013 accounts receivable 360000 340000 inventory
A business owns purchased cows how should the corporation : a business ownsnbsp cows. how should the corporation record the cows are they assets to the corporation ? if so what
Sparks company received proceeds of 423000 on 10-year 8 : sparks company received proceeds of 423000 on 10-year 8 bonds issued on january 1 2013. the bonds had a face value of
If the due date of this project is set at 40 weeks what is : a new integrated computer system is to be installed worldwide for a major corporation. bids on this project are being
You have determined that foothill corp depreciates its : you are comparing two companies in the same industry. you have determined that foothill corp. depreciates its plant
On january 1 a machine with a useful life of five years and : on january 1 a machine with a useful life of five years and a residual value of 40000 was purchased for 120000. what is
The president of deanza-foothill company is puzzled during : the president of deanza-foothill company is puzzled. during the last year the company experienced a net loss of 800000
Stallman company took a physical inventory on december 31 : stallman company took a physical inventory on december 31 and determined that goods costing 205390 were on hand. not
Cleary wasser and nolan formed a partnership on january 1 : cleary wasser and nolan formed a partnership on january 1 2010 with investments of 100000 150000 and 200000

Reviews

Write a Review

Accounting Basics Questions & Answers

  Holding sales constant

By how much must the assets be reduced to bring the TATO to the industry average, holding sales constant?

  The number of units expected to be manufactured

Production and sales estimates for April are as follows:

  Despite commonly held beliefs regarding the popularity of

despite commonly held beliefs regarding the popularity of presidents presidents are elected by electoral college. this

  Describe how each amount in the flexible budget was

here are the budgets of brandon surgery center for the most recent historical quarter in thousands of

  Determining net present value of investment

If the machine has no salvage value at the end of seven years, and assuming the company's discount rate is 10%, what is the purchase price of the machine if the net present value of the investment is $17,000?

  The sales revenue generated throughoutnbsp the normal

the sales revenue generated throughoutnbsp the normal course of business would be an example of which type of business

  Completing a bank reconciliation statement

When completing a bank reconciliation statement, what do you do with outstanding checks?

  During september the capital expenditure budget indicates a

during september the capital expenditure budget indicates a 420000 purchase of equipment. the ending september cash

  Billing section of a mobile phone company

A manager in the billing section of a mobile phone company checks on the proportion of customers who are paying their bills late. Company policy dictates that this portion should not exceed 20 percent.

  Contribution format income statement based on data above

nbspyou decide to open a small business in charleston sc that will cater primarily to busy downtown workers. gourmet

  The patent was acquired in january 2012 and has a useful

the intangible assets section of centaur company at december 31 2012 is presented below.patents 84400 cost less 8440

  James and pamela brock and william brock provide you with

james and pamela brock and william brock provide you with the following information related to expenditure they have

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd