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1. Refer to the situation described in BE 11-2. Assume the machine was purchased on March 31, 2011, instead of January 1. Calculate depreciation expense for 2011 and 2012 using each of the following depreciation methods:
(a) Straight line,
(b) Sum-of-the-years'-digits, and
(c) Double-declining balance.
machinery acquired at a cost of 80000 and on which there is accumulated depreciation of 50000 including depreciation
Varmit-B-Gone is a pest control service that operates in a suburban neighborhood.
on january 1 2011 969000 5-year 10 bonds were issued for 939930. interest is paid semiannually on january 1 and july 1.
Write a brief memo that explains the contradiction regarding why GAAP requires Sung to report historical cost with respect to the land versus market value with respect to the marketable securities.
designer fads company a local retail clothing store was established april 1 2013. the company issued 8500 shares of 10
Instructions: Record the necessary adjusting entries for 2015.
payback quebec inc. is purchasing machinery at a cost of 3768966. the company expects as a result cash flows of 979225
Some companies employ technologies that allow them to do a so-called "virtual close." This enables them to close their books nearly instantaneously any time during the year. What advantages does a "virtual close" provide?
garden sales inc. sells garden supplies. management is planning its cash needs for the second quarter. the company
in the month of june paulas beauty salon gabe 3400 haircuts shampoos and haircuts at an average price of 38. during
Why do auditors have to consider the internal controls of the organization? What are some key elements of internal control? Which are the most important? How will the auditor have to modify the audit program if the internal controls are deemed ina..
ingham inc. has the capacity to produce 10000 fax machines per year. ingham currently produces and sells 7000 units
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