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Question - Incognito Company is contemplating the purchase of a machine that provides it with cash savings of $80,000 per year for five years. Interest is 8%. Assume the cash savings occur at the end of each year. Calculate the present value of the cash savings.
Kasik Co. budgeted the following cash receipts and cash disbursements for the first three months of next year.
In the second year, production increased to 19,000 units. Using the units-of-production method, what is the amount of accumulated depreciation
evaluate the synergies gained for the company as a result of the business combination and how the combined business is better positioned to compete in the global marketplace.
A machine cost $900,000 on April 1, 2017. Its estimated salvage value is $90,000 and its expected life is eight years. Calculate the depreciation expense
MGB Company has a weekly payroll of $30,500 and grants two weeks' vacation after one year's employment, Prepare journal entry to record estimated vacation pay
Refer to the accounting change by Wertz Construction Company in BE22-1. Wertz has a profit-sharing plan, which pays all employees a bonus at year-end based on 1% of pre-tax income.
Explain the expense recognition principle.
Alps Ltd has a net income after tax of $1 500 000 for the year ended 30 June 2019. Calculate the basic EPS amount for 2019
Depreciation is provided annually on the cost of fixed assets held at the end of the year at the following rates
Assume 10% vacancy, no capital reserve, and 40% fixed and variable expenses. What is capitalization rate? Why would this be attractive for investor
Gomez Co. expects to purchase $180,000 of materials in March and $210,000 of materials in April. How much will April cash disbursements for materials
Credit terms are 2/10, n/30. At March 31, Allowance for Doubtful Accounts has a credit balance of $1,500 prior to adjustment.
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