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1.Able Company purchase a machine for $35,000 on January 1, 2013. The fair market value of the machine is $42,000 and the cost to install and calibrate the machine inside it warehouse was $10,000. Management expects the machine to last four years and estimates it's salvage value at that time to be $5000. How much depreciation expense should the company recognize on it's 2013 income statement?
2.Assuming Able Company from #3 used the double declining balance method, what would depreciation expense be in 2014? (year 2)
doughboy bakery would like to buy a new machine for putting icing and other toppings on pastries. these are now put on
Heidi Hart, the vice president of financial operations for Castle Candy Manufacturing Company and the controller, Linda Brown, are reviewing the financial statements for the prior two years of 2003 and 2004.
Develop a memo in response to the President's questions in which you discuss unethical behavior that can result if the wrong performance measures are used to tie performance measures to compensation. How can EEC avoid these behaviors? How should E..
XYZ Corporation distributed land to its sole shareholder in a liquidating distribution. At the time of the distribution, the land had a fair market value of $120,000.
In 2008, Wishbone Corporation had an operating profit of $750,000 and a residual income of $300,000. If Wishbone's cost of capital is 15%, what is the amount of the invested capital? (Ignore taxes)
trigen corp. management will invest cash flows of 528382 286398 295100 818400 1239644 and 1617848 in research and
Capital stock is an important area of a corporation's equity section. Generally the term "capital stock" embraces common and preferred stock issued by a corporation.
How does the use of the accrual basis help organizations to better evaluate their performance over time? What protection could financial statements generated under the accrual basis have to a potential donor in the organization?
At the end of the sixth year, the account balance was transferred to a bank paying 10%, and annual deposits of $6,000 were made at the end of each year from the seventh through the tenth years. What was the account balance at the end of the tenth ..
youre to write down a 2-4 page paper explaining the accounting cycle and each of the ten steps. your paper should be in
luca company overapplied manufacturing overhead during 2006. which one of the following is part of the year end entry
Indicate the cost category to which the item belongs - list of such costs and expenses
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