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Computing Depreciation under Alternative Methods
Putty Ice Cream Company bought a new ice cream maker at the beginning of the year at a cog,/ 59,000. The estimated useful life was four years, and the residual value was $1,000. Assume that the c; mated productive life of the machine was 16,000 hours. Actual annual usage was 5,500 hours in ye: ,800 hours in year 2; 3,200 hours in year 3; and 3,500 hours in year 4.frig ttired:Complete a separate depreciation schedule for each of the alternative methods. Round your answers to the nearest dollar.
a. Straight-line.b. units-of-production (use four decimal places for the per unit output factor).c. Double-declining-balance.
Use above information to compute Statement of Cash Flows: direct and indirect method on Excel spreadsheet.
the raab company is expanding its production facilities to include a new product line a sporty automotive tire rim.
during the year just ended shering distributors inc. had pretax earnings from operations of 490000. in addition
at the beginning of june cornerstone printing company budgeted 10000 books to be printed in june at standard direct
santana rey expected sales of her line of computer workstation furniture to equal 300 workstations at a sales price of
What are the major organizational parts of the authority (placed in bold)? Compare your answer in (a) to the major organizational parts of an IFRIC or SIC. Are (a) and (b) for the most part, the same? If yes, how so? If not, how do they differ?
on january 1 a company borrowed 70000 cash by signing a 9 installment note that is to be repaid with 4 annual year-end
at present no berwick employees have auditing experience. to staff its new internal audit function berwick could train
Hiller Co anticipates total fixed costs of $120,000 and variable costs equal to 40% of sales. What is the pretax income if sales are $650,000?
In the wake of accounting scandals over the past several years, how has the Sarbanes-Oxley Act (SOX) of 2002 affected the practice of accounting? What is the role of internal controls in complying with SOX (2002)?
what are the two fundamental equality requirements of the double-entry accounting system? define debit and credit and
wisconsin metal co. produces 12.5 gauge barbed wire that is retailed through farm supply companies. presently the
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