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1. Holt Company purchased a computer for $8,000 on January 1, 2011. Straight-line depreciation is used, based on a 5-year life and a $1,000 salvage value. In 2013, the estimates are revised. Holt now feels the computer will be used until December 31, 2014, when it can be sold for $500. Compute the 2013 depreciation.
2. Jurassic Company owns machinery that cost $900,000 and has accumulated depreciation of $380,000. The expected future net cash flows from the use of the asset are expected to be $500,000. The fair value of the equipment is $400,000. Prepare the journal entry, if any, to record the impairment loss.
depreciation calculation under straight line and declining-balance methods.millco inc acquired a machine that cost
To prepare the project worthwhile in terms of his own time, Marbury would need a $7,200 profit for the first six months of the venture. What level of sales in units and dollars would be needed to attain this target net operating income?
What was the total impact on Jensen Company's 2013 income as a result of this fair value hedge of a firm commitment?
A common stock sells for $82 per share, has a growth rate of 7% and a dividend that was just paid of $3.82. What is the annual percent yield per share?
how would you reply to your coworker? consider the following items in your discussion1.do the tools help only in
How can you explain the diverse opinions? What policies or procedures, if any, should CBU develop to avoid such problems in the future? Your response should also include a Biblical perspective.
What are the effects of Lucy's classification on the financial statements and are there any ratios that might be of concern to the local bank that will be misstated by Lucy's actions?
question refer to the preceding facts for the purples acquisition of salmon common stock. on january 1 2012 salmon held
question subsequent are examples of control deficiencies that may represent important deficiencies or material
During 2009, HS opened a branch office in the metropolitan area 30 kms from its principal place of business. Although this branch is not yet profitable ( as a result of competition from several well-established banks), management believes it will ..
Evaluate the operating income that would result from the production manager's plan to manufacture 96,000 units at each plant.
construction fund. during fy 2011 the voters of the town of dex approved equipping and constructing a recreation center
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