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Refer to the information presented in Mini-Exercise 6.3. Assume that Gandolfi Construction Co. calculated depreciation expense for the CAT 336DL earth mover on the straight line method and reported $480,000 of net income for the year ended December 31, 2013. The company's average total assets for 2013 were $3,000,000.In Mini Exercise 6.3, Gandolfi Construction Co. purchased a used CAT 336DL earth mover at a cost of $325,000 in January 2013. The company's estimated useful life of this heavy equipment is 10 years, and the estimated salvage value is $75,000.Required:a. Calculate Gandolfi's ROI for the year ended December 31, 2013.b. Calculate what Gandolfi's ROI would have been for the year ended December 31, 2013, had the company used the double declining balance depreciation method for the CAT 336DL earth mover.
the rate of earnings is 10 and the cash to be received in four years is 42936.00. determine the present value amount
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What is the purpose of depreciation? Does the book value of a fixed asset, cost minus accumulated depreciation, communicate to a user what the asset is worth? Should the financial statements reflect the value of fixed assets?
Year 3 amortization of differences between current fair values and carrying amounts of Scooter's identifiable net assets at the date of the business combination was $45,000. The noncontrolling interest in net income of Scooter for Year 3 was:
Wait time to the start of production 5.0 days, Delivery Cycle time 18 days, Move time 3.0 days, Inspection time 2.5 days, Queue Time during the production process 3.5 days.
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List the ways an information system can be used in a career area of interest to you.
a prominent law firm that has more than 30 offices located worldwide is considering going to a cloud service for all of
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