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Three different companies each purchased a machine on January 1, 2014, for $84,000. Each machine was expected to last five years or 200,000 hours. Salvage value was estimated to be $4,000. All three machines were operated for 54,000 hours in 2014, 56,000 hours in 2015, 40,000 hours in 2016, 46,000 hours in 2017, and 41,000 hours in 2018. Each of the three companies earned $40,000 of cash revenue during each of the five years. Company A uses straight-line depreciation, company B uses double-declining-balance depreciation, and company C uses units-of-production depreciation.
Calculate the amount of net income for all companies in 2014?
What attracts someone to another person? Why is attraction different from person to person?
At the beginning of the year, accounts receivable were $144,000 and the allowance for bad debts was $11,500. During the year, sales (all on account) were $600,000,
Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost
Conceptual Connection: Prepare an income statement for each of the three levels of sales volume. Discuss the value of before-the-fact flexible budgeting.
in accounting describe what is meant by posting the fourth step in the processing cycle. please in your own
On January 1, 2006, Hi and Lois Company purchased 12% bonds, having a maturity value of $300,000, for $322,744.44. The bonds provide the bondholders with a 10% yield. Prepare the journal entry at the date of the bond purchase.
Assuming that Kabana manufactures, on average, 1,300 stereo systems per month, enter each cost item on your answer sheet, placing the dollar amount per month under the appropriate headings. Total the dollar amounts in each of the columns. Compute ..
Fortune Brands Home & Security, Inc., sells Master Lock padlocks. It reported an increase in net sales from $ 3.3 billion in 2011 to $ 3.6 billion in 2012, and an increase in gross profit from $ 1.0 billion in 2011 to $ 1.2 billion in 2012. Based on ..
cruz company deposits all cash receipts on the day when they are received and it makes all cash payments by check. at
Compute the amount of under-applied or over-applied manufacturing overhead. Clearly indicate whether the overheadis under-applied or over-applied.
What effect will acquisition of treasury stock have on stockholders' equity and earnings per share, respectively? How should a "gain" from the sale of treasury stock be reflected when using the cost method of recording treasury stock transactions?
zorn conducted his professional practice through zorn inc. the corporation uses a fiscal year ending september 30 even
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