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A machine costs $400,000 and is expected to yield an after-tax net income of $9,000 each year. Management predicts this machine has a 9-year service life and a $80,000 salvage value, and it uses straight-line depreciation. Compute this machine's accounting rate of return.
Morrison Company had credit sales of $2,500,000 during the year, its first year of business. Morrison has estimated that $50,000 of these sales on account will ultimately be uncollectible.
the capital project fund had just been created to account for resources received and expended for the construction of a
in the current year company a is formed with 630000 in capital from the sale of 21000 shares of stock at 30 a share.
On April 1, Johnson Repair Service was offered $60,000 for the land by a national retail chain. At what value should the land be recorded in Johnson Repair Service's records?
a company has a minimum required rate of return of 9. it is considering investing in a project that costs 210000 and is
Calculate the amount of freight-in reported byJackson Company during 2007. Do not use decimals in your answer.
Compute the unit product cost that would appear on the job cost sheet for this job - The company applies manufacturing overhead on the basis of machine-hours.
TRM Corporation established a defined benefit pension plan in Year 5. In Year 8 the following information is available. Service cost = $45,000. Interest cost = $60,000.
the assembly department of united products employs workers to assemble units of product xsd. they are paid three
leonards home was damaged by a fire. he also had to be absent from work for several days to make his home habitable.
When comparing the percentage-of-completion and completed-contract methods of accounting for long-term construction contracts, both methods will report the same:
prepare entries to record transaction related to acquuistion and amortization of intangibles prepare the intangable
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