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(What is the Salvage value 14,000 or 35,000?) July 1, 2016, Alpha purchased for $76,000, equipment having a service life of eight years and an estimated residual value of $14,000. Alpha has recorded depreciation of the equipment using the straight line method. On December 31, 2018, before making any annual adjusting entries, the equipment was exchanged for new machinery having a fair value of $35,000. The transaction has commercial substance.
The following transactions pertain to the operations of Blair Company for 2014: Acquired $23,400 cash from the issue of common stock. Performed services for $43,000 cash. Classify the cash flows from these transactions as operating activities (OA), i..
Find out the net present value for each machine and decide which machine should be purchased if the required rate of return is 10 percent. Ignore taxes
Close the Word window from the taskbar. What command did you use?
determine cost of landdiscount delivery company acquired an adjacent lot to construct a new warehouse paying 25000 and
JMH has the following stock outstanding-Preferred, 5%, $100 par value, 2,000 shares-Common, $60 par value, 5,000 shares-Compute the amount of dividends per share payable to each class of stock for each independent case.
Which of the following is not true about deferred revenue?
Journalize the following transactions for Mercado Company for June 2016, the company’s first month of operations. You may omit explanations for the transactions.
MARTA is considering purchasing a fleet of 20 solar powered mini buses. The anticipated purchase price of the fleet is $1,500,000 or $75,000 per bus. Each mini bus is expected to have a useful life of four years when it can be sold for $5000. Assumin..
Prepare a double entry accounting system: finding out the two accounts affected, what kind of accounts are they, do account balances increase or decrease, and do we debit or credit the accounts
My Glory Productions has just finished production of Troubles Ahead, the latest action film directed by Fleur Dunne and starring Rodney Kid and Tess Bow.
The fair value of the recourse obligation is $15,000. Assuming all receivables are collected, what would be Synthia's cost of factoring the receivables?
What are the arguments for prorating a production-volume variance that has been deemed to be material among work-in-process, finished goods, cost and cost of goods sold as opposed to writing it all off to cost of goods sold?
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