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On February 15, 2013, Leo purchased and placed in service a new car that cost $23,750. The business use percentage for the car is always 100%. He does take the additional first-year depreciation.
Note: If required, round your answers to the nearest dollar.
a. What MACRS convention applies to the new car?
Select Half-year Mid-month Mid-quarter Item 1
b. Is the automobile considered "listed property"?
c. Leo's cost recovery deduction in 2013 is $ and for 2014 is $ .
Evaluate Earnings per Share for the year ended 31 st December, 2012 and Determine Earnings Per Share for 2012.
Direct material $10 direct labor 20 variable manufacturing costs per unit 5 total variable manufacturing cost per unit $35 Fixed manufacturing overhead per year 100,00 Fixed selling and administrative expense per year $200,000
sawyer corporation issued 200000000 face value bonds on 1st july 2013. the bonds are a 20 year issue and carry a coupon
Determine the operating income for the Olive Oil Div'n using a transfer price of $4.
Incorporate market share from (b) above into your assessment. Carefully describe your reasoning.
question one issue in accounting is the qualifications of an accountant when working for a client. it is expected that
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Find the probable role of the monthly report and What is the controller's responsibility with respect to a president who doesn't know much accounting?
It purchased goods for $380,000 and had beginning inventory of $70,000. A count of its ending inventory determined that goods on hand was $50,000. Illustrate what was its cost of goods sold?
Prepare journal entries to record the following merchandising transactions of Sheng company, which applies the perpetual inventory system.
bullreview financial statements for two years. bullmake a comparison of the following items and note
Preparation of journal entries to record issue of shares and dividend and Prepare journal entries to record the above transactions.
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