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The Pablo Paving Company purchased a new bulldozer for $ 250,500 at the beginning of Year 1. It is estimated that the residual value will be 25,000 and have a useful life of 6 years. The Bulldozer is expected to last 10,000 hours. In year 1 it was used 1,800 hours, in year 2 it was used 2000 hours; year 3, 2,500 hours; 1,500 hours in year 4; 1,200 hours in year 5; and 1,000 hours in year 6.
Required:1) Compute the annual depreciation and carrying value for the new crane for each of the 6 years under each of the following methods:
a) Straight-line,
b) production,
c) double declining- balance.
Round percentage to 2 decimal places (for example, like this: 22.22 %).
preparation of journal entries to record issue of shares and dividend.on january 1 2008 dolan corporation had 60000
What do these results tell you? Which of the results surprise you the most? Which of the results surprise you the least? Explain.
Give Sapling's entries reflecting the purchase of the wood chipper and give Fir's entries reflecting the sale of the wood chipper.
The CEO of Smartphone Apps, LLC is preparing a loan application. Using the data below (only), prepare an Income Statement
Determine the sales and variable cost volume variances, assuming volume is actually 31,000 units . Indicate whether the variances are favorable (F) or unfavorable (U).
Compute the depreciation expense, rent revenue, interest expense. insurance expense and supplies expense recognized during the first quarter of 2011.
Elucidate the difference in operating income for January, February, and March under variable costing and absorption costing.
How does the basis calculation of an S corporation shareholder basis differ from a partner and a partnership? Discuss any recent developments (within the last 36 months) in the calculation of an S corporation shareholder’s basis.
Sugarland Company sells a single product and anticipates opening a new facility in Charlotte on May 1 of the current year. Expected sales during the first three months of activity are: May, $60,000; June, $80,000; and July, $85,000.
At what value should the company capitalize the building and would your answer change if the bid from the outside contractor had been $80,000? $60,000?
Companies that produce large numbers of standardized products within a particular batch would most likely use which type of costing?
When computing diluted earnings per share, the weighted average number of common shares outstanding will increase
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