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You purchased a Robot for $200,000 (installed), and you depreciated it using a 5 year MACRS. In year 4, you sold the robot for $100,000. You financed 50% of the purchase price on a 4 year loan at 8%. In addition, you invested $30,000 in working capital initially. Your company is in a 35% tax bracket. Show the end of year cash flows for this project?
Educational Incentives
Equity method of accounting for Investments
Prepare a fixed budget income statement for the planned level of sales and production. Prepare a fixed budget income statement for the actual level of sales and production.
Tarrah Company's variable expenses are 72% of sales. The company's break-even point in sales is $2,450,000. If sales are $60,000 below the break-even point, the company would report a:
the metro company has 248655 in ending inventory on their books at their december 31 year-end with the following
Determine inventory under FIFO and LIFO and then compared the results.
this is an example of abc for a service company. costko payroll services provides weekly payroll processing for a
the following data is available regarding costs and
calvin company expects to sell 10 million cases of paper towels during the current year. budgeted costs per case are 24
a company had inventory on november 1 of 4 units at a cost of 16 each. on november 2 they purchased 7 units at 27 each.
When changing the estimate of the useful life of an asset, should depreciation expense for all the previous years be recalculated? If not, how do you account for a change in this estimate?
a cpa firm has audited the financial statements included in a form s-1 filed with the sec under the securities act of
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