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On august 1, 2015, hang seng ltd purchased a machine for $84000 cash. The machine is expected to last 5 years and have a residual value of $12000. hang seng calculate depreciation to the nearest month. using straight line depreciation, calculate the book value of this machine at December 31, 2016. using double declining balance depreciation, calculate the accumulated depreciation for this machine at December 31,2016
cafe ole company acquired a fast-food restaurant for 150000. the fair market values of the assets acquired were as
dapper corporation had only one job in process on may 1. the job had been charged with 1010 of direct materials 3630 of
Judi Dench is a licensed dentist. Journalize the transactions. Post to the ledger accounts. Prepare a trial balance on April 30, 2014.
Shao Airlines is considering two alternative planes. Plane A has an expected life of 5 years, will cost $100 million, and will produce net cash flows.
shown below is a segmented income statement for hickory companys three wooden flooring product
Dexter Construction Corporation is building a student condominium complex; it started on January 1, Year 1.
Why do generally accepted accounting principles require the use of lower of cost or market in valuing inventory? What are the three different inventory cost flow assumptions commonly used in commerce today and allowed by generally accepted accoun..
Comparing and forecasting contrasting techniques include qualitative methods using, and compare the types of forecasting techniques
on may 1 2012 goodman company began construction of a building. expenditures of 240000 were incurred monthly for 5
The activity method will be used for depreciation. What is the depreciation expense on this asset
explain the four closing journal entries? why are they necessary? what are reversing entries? why are they used? what
an office building and its equipment are insured to 710000.the present annual insurance premium is 0.85 per 100 of
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