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Cherokee Company acquired a machine on January 1, 2009, that cost $2,700 and had an estimated residual value of $200. Complete the following schedule using the three methods of depreciation: A. straight-line, B. units-of-production, C. 150% declining-balance.
Method Estimated Useful Life Depreciation Accumulated
Expense for 2010 Depreciation
12/31/2010
A.SL 5years
B.UOP 10,000 units
1,000 units (2009's actual)
1,200 units (2010's actual)
C.DB 5years
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Prepare an appropriate journal entry to indicate the impact of the transactions on the state's fund financial statements for the year ending December 31, 2011.
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What do you think about this thought process? How could you convince someone that they should deduct their charitable contributions?
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Assume the company's monthly target profit is $11,000. The unit sales to attain that target profit is closest to:
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As the financial manager in developing forecast for the firm, where would you go to in order to start your forecast and refine it with more accurate future projections concerning interest rates, raw material prices, and the like to build your esti..
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