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Golden Sales has bought $135,000 in fixed assets on January 1st associated with sales equipment. The residual value of these assets is estimated at $10,000 after they service their 4 year service life. Golden Sales managers want to evaluate the options of depreciation
a) Compute the annual straight-line depreciation and provide the depreciation journal entry to be posted at the end of each of the years.
b) Write the journal entries for each year of the service life for these assets using the double declining balance method.
Assuming there are no antidilutive securities, what is the number of shares Feterik should use to compute diluted earnings per share for the year ended December 31, 2011?
briana hope has had a long-standing love affair with technology and an appetite for apps. she believes that business
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What is the profitability of the remaining services if all services with losses are dropped? Explain fully with spreadsheet illustration and text discussion.
The company's December 31, 2009 unadjusted balance of liability for compensated absences was $30,000. The company estimated 200 vacation days available and employees earned $150 per day. What is the liability for compensated balances on December 3..
Compute the earnings per share of common stock assuming the dividend on preferred stock was not declared and the preferred stock is cumulative. The common shares remained unchanged during the year.
Assume that real risk-free rate = 3%. Inflation rate is expected to be 8% in year 1, 5% in year 2, and 4% thereafter. Also assume that all T-bonds are highly liquid and free of default risk. If 2-year T-bond yields 13%, what is the maturity risk p..
Kentucky Enterprises purchased a machine on January 2, 2010, at a cost of $120,000. An additional $50,000 was spent for installation, but this amount was charged erroneously to repairs expense. The machine has a useful life of five years and a sal..
Is Choi's ruling an ethical violation, or is it a legitimate decision in computing depreciation? How will Choi's new depreciation rule affect the profit margin of her business?
access the internet to acquire a copy of the most recent annual report for the publicly traded company used to complete
Compare and contrast the differences in accounting processes and procedures that medium sized companies such as yours go through when going public.
thenbspqec companynbspowns and operates an amusement park. the following are selected accounts from thenbspqec companys
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