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At the beginning of 2011, Robotics Inc. acquired a manufacturing facility for $12 million. $9 million of the purchase price was allocated to the building. Depreciation for 2011 and 2012 was calculated using the straight-line method, a 25-year useful life, and a $1 million residual value. In 2013, the estimates of useful life and residual value were changed to 20 years and $500,000, respectively. Assume that 2011 depreciation was incorrectly recorded as $32,000. This error was discovered in 2013.
What is depreciation on the building for 2013 assuming no change in estimate of useful life or residual value?
evaluate the methodology for assessing the execution of a balanced scorecard system. Describe the techniques you would employ to determine the effectiveness of a balanced scorecard in your organization.
Wecker Company's year-end unadjusted trial balance shows accounts receivable of $89,000, allowance for doubtful accounts of $500 (credit), and sales of $270,000. Uncollectibles are estimated to be 1.5% of accounts receivable.
stonehenge inc. a manufactuerer of landscaping blocks began operations on april 1 of the current year. during this time
ace products sells its products for 22 each. unit manufacturing cost are direct material 4 direct manufacturing labour
According to your text, the accounting profession has adopted a modified all-inclusive concept to income reporting. Using this approach companies report unusual or irregular items as a part of net income. What are these items and they are they ..
landon corporation was organized on january 2 2010 with the investment of 100000 by each of its two stockholders. net
Phyllis believes that the firm should use straight-line depreciation for a capital project because it results in higher net income during the early years of the project's life.
the cost accountant for a drug company has informed you that the companys materials quality variance for a allegra was
What is the latest date on which Wanda can replace the involuntarily converted property to qualify for &1033?
wenner furnace corp. purchased machinery for 279000 on may 1 2012. it is estimated that it will have a useful life of
Of the amount paid, $30,000 was for expenses incurred on account in 2010. In addition, Leno incurred $142,000 of expenses in 2011 which will not be paid until 2012.
1- Explain the difference between Active Portfolio Management and Passive Management. 2- Briefly describe the four components of a business cycle.
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