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Marigold Corp., which has a calendar year accounting period, purchased a new machine for $94500 on April 1, 2013. At that time Marigold expected to use the machine for nine years and then sell it for $9450. The machine was sold for $50500 on Sept. 30, 2018. Assuming straight-line depreciation, no depreciation in the year of acquisition, and a full year of depreciation in the year of retirement, the gain to be recognized at the time of sale would be
On January 1, 2011, Marigold Corp. purchased equipment at a cost of $395000. The equipment was estimated to have a salvage value of $8000 and it is being depreciated over eight years under the sum-of-the-years'-digits method. What should be the charge for depreciation of this equipment for the year ended December 31, 2018?
Discuss what additional information should be collected during requirements analysis that is needed for file and database design and that is not especially useful for earlier
In November 2006 after having incorporated Cookie Creations Inc., Natalie begins operations. She has decided to not pursue the offer to supply cookies to Biscuits. Instead s
What do you think of Paul's responses to the challenges he faced so far in the story? Did he handle it well, did he blow it, did he do about as well as could be expected?
Sheniqua, a single taxpayer, had taxable income of $73,239. Her employer withheld $14,077 in federal income tax from her paychecks throughout the year. Using the tax tables
Warner Company issued $800,00 of 6%, 10-year bonds on one of its interest dates for $690,960 to uield an effective annual rate of 8%. The effective-interest method of amorti
Analyze the codes of conduct of at least 3 major public U.S. companies. Include citations for each of these companies' codes of conduct. Identify connections and relationships
Investing in equipment, maxes and mins. Shawn Over- growth, whom we met in Exercise 31, is an entrepreneur who is optimistic about the growing season. What choice should he
Assume you are reviewing a company's annual report. In addition to actual revenues reported in the income statement, what other information disclosed would give you help in
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