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On January 2, year 3, to better reflect the variable use of its only machine, Flip, Inc. elected to change its method of depreciation from the straight-line method to the units of production method. The original cost of the machine on January 2, year 1, was $50,000, and its estimated life was ten years. Flip estimates that the machine's total life is50,000 machine hours. Machine hours usage was 8,500 during year 1 and 3,500 during year 2. Flip's income tax rate is 30%. Flip should report the accounting change in its year 3 financial statements as a(n)
Which inventory method produces the lowest income tax during a period of inflation?
What is the value of the bond at the present time, what will the bond be worth at maturity and are there differences in bond prices?
In the analysis of purchasing alternatives, the indifference point identifies:
question 1on january 1 2009 heitzman company purchased the following shares as a long-term investment in
Using the plantwide rate, how much would the bracelet cost and Using activity-based costing, how much would the bracelet cost?
Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. (Do not round interim calculations. Round per unit costs to three decimals. Round your answers to the nearest dollar amount.)
Assume taxable bond yields 8.25 percent and a comparable municipal bond yields 6.85 percent. At what tax rate would an investor be indifferent between the bonds?
Hess uses straight-line amortization. On March 1, 2011, Hess retired $400,000 of these bonds at 98 plus accrued interest. What should Hess record as a gain on retirement of these bonds? Ingore taxes.
Sawaya Company had depreciation and amortization expenses of $522,311, interest expenses of $114,077, and an EBITDA of $1,521,087 for the year ended June 30, 2010. What is the Times Interest Earned for this company?
Martin Buber Co. purchased land as a factory site for $400,000. The process of tearing down two old buildings on the site and constructing the factory required 6 months. Determine the cost of the land and the cost of the building as they should be re..
What type of serial bond schedules an increase each year in annual principal repayment approximately equivalent to the decrease in interest payments?
The Bruggs and Strutton Company manufactures an engine for carpet cleaners called the "Snooper." Budgeted cost and revenue data for the "Snooper" are given below, based on sales of 40,000 units.
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