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Atlas Trucking incurred the following costs during 2013. Please prepare the journal entry to record the costs:
1)Spent $15,000 on a major overhaul for a tractor-trailer rig. The overhaul is expected to increase the service life of the rig by 3 years.
2) Repaired the air-conditioning system for $3,000.
3) Rearranged and reconfigured the maintenance, loading, and unloading facilities at a cost of $75,000. The rearrangement is expected to result in substantial cost savings and increased efficiency over the next several years.
prepare the journal entries for the issuance of the bonds in both qs 14-1 and qs 14-2. assume that both bonds are
1. what restriction on federal employees are contained in the the antideficiency act?nbsp give an example of each.2.
Analyze the tax implications for the following case study. Apply the IRS codes to determine itemized deductions for individuals. Support your conclusions with reference to specific IRS codes and regulations.
The new machine will lower the annual variable manufacturing cost from $600,000 to $500,000. Prepare an analysis showing wheaher the old machine should be retained or replaced.
Julie owns 100% and is an active participant in the rental real estate activity. What is Julies taxable income in 2010?
on january 1 2002 humlee corporation had 100000 shares of 5 par value common stock outstanding. on march 31 2001 humlee
calcount pays a weekly payroll of 85000 that includes federal taxes withheld of 12000 fica taxes withheld of 6890 and
these transactions related to metro bus which provides transportation services to residents of chester county. metro
a bond trader purchased each of the following bonds at a yield to maturity of 8. immediately after she purchased the
rockland corporation earned net income of 321000 in 2012 and had 100000 shares of common stock outstanding throughout
at december 31 2013 parker petroleums liabilities include the following1. 22 million of 10 notes are due on march
simpson auto body repair purchased 20000 of machinery. the company paid 8000 in cash at the time of the purchase and
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