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1. In January 2010, installation costs of $6,000 on new machinery were charged to Repair Expense. Other costs of this machinery of $30,000 were correctly recorded and have been depreciated using the straight-line method with an estimated life of 10 years and no salvage value. At December 31, 2011, it is decided that the machinery has a remaining useful life of 20 years, starting with January 1, 2011. What entry(ies) should be made in 2011 to correctly record transactions related to machinery, assuming the machinery has no salvage value? The books have not been closed for 2011 and depreciation expense has not yet been recorded for 2011.
Record the second acquisition of McKenzie stock.
1.identify five other ways in which the private securities reform act of 1995 will potentially change auditors legal
How many Japanese Maples must Mountain Maples sell in a year to break even? At this sales volume, how many Butterfly and Moonfire trees are sold?
on january 1 2010 jacob issues 800000 of 9 13-year bonds at a price of 96 12. six years later on january 1 2016 jacob
1. if computational and record-keeping costs are about the same under both fifo and weighted average which of the
during the year chester had the following transactions involving capital assets gain on the sale of an arrowhead
kenco is negotiating a strategic partner agreement with the power steel mill. power will deliver perfect cut-to-size
on october 1 of the current year a corporation sold at par plus accrued interest 1000000 of its 12 bonds which were
Compute the amount of depreciation for each of Years 1 through Years 3 using the straight-line depreciation method and the double declining balance method.
Bob and Carl transfer property to Stone Corporation for 90% and 10% of Stone Stock, respectively. Pursuant to a biding agreement concluded before the transfer, Bob sells half of his stock to Carl.
1 a fence 2 feet tall runs parallel to a tall building at a distance of 7 feet from the building. what is the length of
During the period, the Bottling Department completed 60,000 liters, including 3,000 liters of work in process at the beginning of the period. The ending work in process was 5,000 liters. How many liters were started and completed during the period..
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