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Certain production equipment used by Cincinnati Chemical has become obsolete relative to current technology. The company is considering whether it should keep or replace its existing equipment. To aid in this decision, the company's controller gathered the following data: Old Equipment New Equipment Original cost $350,000 $396,000 Remaining life 5 years 5 years Accumulated depreciation $158,000 $0 Annual cash operating costs $64,000 $16,000 Current salvage value $88,000 NA Salvage value in 5 years $0 $0 a. Identify any sunk costs in the data. b. Identify any irrelevant future costs. c. Identify all relevant costs to the equipment replacement decision. d. What are the opportunity costs associated with the alternative of keeping the old equipment? e. What is the incremental cost to purchase the new equipment? f. What qualitative considerations should be considered before making any decision?
You are required to prepare a flowchart describing the general process and information flows at Top Notch T-Shirt Printing.
the orville smith company a small manufacturer uses a job-costing system to measure and track product costs for its
on december 31 2013 jumble inc. borrowed 1000000 at 10 payable annually to finance the construction of a new building.
Prepare a schedule computing the net cash flow from operating activities that would be shown on a statement of cash flows using the indirect method and the direct method
1. your brother is short on cash and cannot pay his rent this month. you pay his rent for him. is this taxable income
during the current year the harlow corporation which specializes in commercial construction has the following property
on january 2 2014 mahoney sales issued 10000 in bonds for 9400. they were 5-year bonds with a stated rate of 4 and pay
A company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts.
Analyze how corporations treat non-liquidating distributions and determine the most likely mistake(s) the client could make that would result in an IRS audit. Advise the client on how to avoid the mistake(s) and how you would respond to the IRS in..
Tonga Industries reported the following: Net Sales $450,000 Cost of goods sold $360,000 Operating expenses $60,000 Tax Rate 40% The net income is:
an important feature of a job order cost system is that each job must be completed before a new job is
The Houston Company has the following entries to be made for 12/31/06. Assume all depreciation is current as of the end of 2005. Prepare all journal entries, including depreciation for 2006 as needed. Use Straight Line Depreciation, unless otherwi..
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