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Computing Service-Hours Depreciation
The company acquired a machine on January 1 at an original cost of $60,000. The machine's estimated residual value is $10,000, and its estimated life is 10,000 service hours. The actual usage of the machine was as follows: Year 1, 2,000 hours; Year 2, 5,000 hours; Year 3, 2,000 hours; Year 4, 1,000 hours. Compute (1) depreciation expense for each year of the machine's life and (2) book value at the end of each year of the machine's life.
direct labor is a variable cost. the special order would have no effect on the companys total fixed manufacturing
ethan jones is an investment broker. recently he contactedpotential investors and offered to sell them bonds that were
(b)Assume that the conditions are met for the transfer of receivables with recourse to be accounted for as a sale. Prepare the journal entry on August 15, 2014, for Beyoncé to record the sale of receivables, assuming the recourse liability has ..
Prepare the operating activithe ties section of statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
in this assignment you will use the internet and other sources to gather and interpret information related to service
kelly corporation is considering an investment proposal that requires an initial investment of 150000 in equipment.
Beginning inventory was 15,000 units and ending inventory was 10,000 units. The fixed manufacturing overhead was $8 per unit. How will absorption cost net income differ from variable cost net income?
in 2013 ryan management collected rent revenue for 2014 tenant occupancy. for financial reporting the rent is
How much goodwill will be reported in the consolidation financial statements on December 31, 2012, at the end of Allen's fiscal year? What is the excess amortization expense for the period ending December 31, 2012?
The Stancil Corporation provided the following current information. Determine the cash flow for the Stancil Corporation.
Conduct research to find information about organizations that provide governance for accounting practices. Answer the following questions in your own words. Be sure to cite your references in proper APA style.
There has been a trend across corporate America of promoting financial officers to CEO. What are some advantages and disadvantages of this practice?
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