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Assume that a taxpayer purchases a computer in 2010 that has an estimated useful life of 10 yrs. If the computer is used 100% for business and no election to expense was made, what is the MACRS recovery period that must be used for cost recovery on the taxpayers tax return?
what is the process for adjusting the value of a trading or available-for-sale security after a valuation account has
xct manufacturing co. increased its merchandise inventory by 17000 over the year. the company also granted its
what is the journal entry here on the dog companys books? sony pictures hires the dog company to design a dog park.
You are the vice president of operations for a small manufacturing company that uses the absorptive method of accounting for fixed manufacturing overhead, and you are approaching the end of the year.
Many companies, as it is commonly known, achieve their growth through business combinations, which can be friendly combinations or hostile takeovers. Give your opinion on which type of combination is likely to occur in a company.
tylers consulting company has purchased a new 15000 copier. this overhead cost will be shared by the purchasing
the 2009 balance sheet of marias tennis shop inc. showed 3.8 million in long-term debt 762600 in the common stock
Define the process you will use and address the following assessed classroom discussion questions: What procedures will be used to collect accounting evidence? What sampling tools and techniques will be used for the examination?
robbie is 18 and a dependent on his parents return. his income consists of interest of 1300 and 2500 from being a
abc ltd is in the business of providing management consultation services in parnell area. abc bought a property on 1
An aging analysis of the accounts receivable produces an estimate of $2000 of probable losses from uncollectible accounts. the adjusting entry needed to record the estimated losses from uncollectible accounts is made for?
On the consolidation worksheet, SAIDE and sometimes P entries are usually placed in the third and fourth columns. In what ways can you verify the accuracy of these entries (individually and as a whole)?
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