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A firm of manufacturers, whose books are closed on 31st December purchased machinery for Rs. 50,000 on 15 January,1980. Additional machinery acquired for Rs.10,000 on 1st July, 1981 andfor Rs.16,466 on 14th April, 1984. Certain machinery, which orignalycost Rs.10,000 in 1980, was sold for Rs.5,000 on 30th June ,1983.
Given the machinery Account for five years writtng off depreciation at 10% on the written down value.
Compute the present value for each of the following amounts: $90,000 received 10 years hence if the annual interest rate is 8% compounded annually OR 8% compounded semiannually
Describe two methods for treating the preacquisition revenue and expense items of a subsidiary purchased during a fiscal period.
Make all journal entries necessary on Candra Christensen's books in 2011, 2012, and 2013 to record the forward contract and the purchase of the lobster. For purposes of estimating future settlement payments under the forward contract, assume that ..
Actual overhead for June was $15,800 variable and $9,100 fixed, and standard hours allowed for the product produced in June was 3,000 hours. The total overhead variance is?
Should Tanner Appliance purchase part M4 from the outside supplier?
Does the president's request pose an ethical dilemma for the controller?
Assume simplified straight line depreciation , this machine is being depreciated down to zero a 34% marginal tax rate and a required rate of 12 %.
Identify three out of four types of classifications for non-influential investments in securities.
Accounts officers at Xerox corporation discovered that significant errors have been made in the valuation of inventory and are worried that it might have significant impact onthe Net Income and Earnings per share.
AZ sells its utensils wholesale for $0.85 each; the average cost per unit is $0.83, of which $0.12 is fixed costs. If AZ were to accept BV's offer, what would be the increase in AZ's operating profits?
Define variable and fixed costs. Comment on how these costs are used to estimate future requirements. Discuss how contribution margin is used by managers for decision making.
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
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