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Camey Corporation purchased delivery equipment on January 1 at a cost of $300,000. The equipment is expected to have a useful life of seven years or 250,000 miles, and to have no salvage value. How much depreciation expense should be recorded during the first year using the straight-line, double-declining balance, and units-of-production methods? During the year, the equipment was used for 80,000 miles. The company's fiscal year-end is December 31. Assume that revenue for the year is $376,300 and that all expenses, other than for depreciation, total $225,492. Would the use of one depreciation method instead of another have a material effect on the income statement? Discuss.
Do u think that different factors affecting capital structure decision will be viewed differently by different companies ? support ur ans with suitable examples.
Bill Smith opened Smith Construction on April 1, 2010. Review the transactions and financial position of Smith Construction for April in the Excel Template.
instructions using the following data complete the requirements given below. when you are given amounts to assume as
for 2010 omaha mechanical has a monthly overhead cost formula of 42900 6 per direct labor hour. the firms 2010
the service cost component of pension expense for 2011 is 840000 and the amortization of prior service cost due to an
saxon manufacturing is considering purchasing two machines. each machine costs 9000 and will produce cash flows as
Suppose you bought an 8 percent coupond bond one year ago for 1090. the bond sells for 1056 today. If the inflation rate last year was 3 percent, what was your total real rate of return on the investment?
1. Prepare a differential analysis report, dated October 11, 2010 for the make or buy decision. 2. On the basis of the data presented, would it be advisable to make the carrying cases or to continue buying them? Explain.
Sampson Apparel Incorporated incurred actual variable overhead expenses of $62,000 in the current year for the production of 10,000 units.
the sarbanoes-oxley act of 2002 sox has emphasized the importance of ethical behavior and codes of conduct. discuss the
Operating profit in the wasted raw materials scenario is only $100,000 lower than in table. Explain to the president why operating profit is only $100,000 lower.
Percy reported net income from its own operations of $720,000 in 2011 and $760,000 in 2012. Smyth reported net income of $400,000 in 2011 and $460,000 in 2012. Neither company declared dividends in either year.
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