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Choosing the method of depreciation with 30% tax rate, straight line or double declining depreciation.
The Capital Company purchased 3 machines in the past year. Information regarding these items is listed below:
Machine
Acquired
Cost
Salvage Value
Useful life
Depreciation Method
1
Jan 1, 2006
$120,000
$20,000
5 years
Straight-line
2
80,000
10,000
Double-declining
3
Sept 1, 2006
530,000
5,000
4 years
Units of production
Additional information: The total machine hours expected for machine 3 will be 12,000 hours. Actual machine hours used in the first three years were: 200 hours in 2006, 2,250 hours in 2007, and 2,500 hours in 2008 i) The Straight-line depriciation method. ii) The Double-declining depriciation method.
Shula’s 347 Grill has budgeted the following costs for a month in which 1,600 steak dinners will be produced and sold: Evaluate what is the budgeted total variable cost?
From January 1 through the time of the fire, the company made purchases of $330,000 and had sales of $720,000. Assuming the rate of gross profit to selling price is 40%, what is approximate value of the inventory that was destroyed?
What are earnings per share amounts that Porter should report in its current year consolidated income statement? (Round your answers to 2 decimal places. Omit the "$" sign in your response.)
Van Doren Corporation is considering producing a new product, Autodial marketing data indicate that the company will be able to sell 45,000 units per year at $30. Compute the net present value.
You have been asked to prepare a memo explaining the process and address concerns using citations from authoritative auditing literature.
After all, we live in a society where the norm is to 'have someone's back' and to not 'rat out someone'. Explain how do we, as businesspeople and as a society, overcome the loss of trust many feel toward whistle-blowers?
The firm was authorized to issue 85000 shares of $5 par common stock. During 2011, Doe had the following transactions relating to shareholders equity: Illustrate w hat is total paid-in capital at the end of 2011?
How much cost, in total, would be allocated to the Business Development activity cost pool? Explain how much cost, in total, would be allocated to the Other activity cost pool?
The company re - computes its predetermined overhead rate every month. Evaluate the predetermined overhead rate for August
Prepare the journal entry to record the purchase of treasury stock by the cost method and 9000 shares of treasury stock are reissued at $33 per share. Prepare the journal entry to record the reisssuance by the cost method.
question 1. which statement is false?a. stock basis may not go below zerob. aaa may not go below zeroc.losses are
What is the profit maximizing price and output level. Solve this for equilibrium p and q. Also plot the mc,, d and mr curves. What profit do you expect the firm will make in the first year.
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