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Corvette the leading car manufacturing company acquired amachine for Rs.125,000 on Jan 1,2004: estimated life was 8 years.Depreciation is charged on straightline method.On Jan1,2009:the machine was revalued atrs.70,000.Apart from recording revaluation entry, no otherentries have been passed.
Required:Calculate the value of depreciation expense and pass journal entry in accordance with IAS(International accountingstandard)-16
Determine if you should open the retail shop in this vacant space. Include the break-even transactions, CM%, and the break-even dollar amount. Explain your answer (include rationale if your answer is yes or no).
internal controls are required to safeguard assets and to ensure ethical business practices. 1 identify and explain
The Ricardo trust is a simple trust that correctly uses the calendar year for tax purposes. Its income beneficiaries (Lucy and Ethel) are entitled to the trust's annual accounting income in shares of one-half each.
Elsie Dairy Products Corp. buys one input, full-cream milk, and refines it in a churning process. Allocate the $31,680 joint cost to the spreadable butter and the buttermilk using the following (show work):
the following information was made available from the income statement and balance sheet of lauren company.item 123110
When a parent uses the equity method throughout the year to account for its investment in an acquired subsidiary, which of the following statements is false before making adjustments on the consolidated worksheet?
stillwater designs rebuilds defective units of its s12l7 kicker speaker model. during the year stillwater rebuilt 7500
sharp and townson had capital balances of 60000 and 90000 respectively at the beginning of the current fiscal year. the
Prepare a comparative income statement with horizontal analysis, indicating the increase (decrease) for 2010 when compared with 2009. Round to one decimal place.
What are the advantages and disadvantages of each bank's offering? Which bank and cash management service would you choose? Why? How can using a bank's cash management service reduce opportunity cost for a health care organization?
the wendt corporation had 10.5 million of taxable income assume the firm received an additional 1 millon of interest
Prepare the appropriate journal entry to record compensation expense on December 31, 2011. Prepare the appropriate journal entry to record the lifting of restrictions on December 31,2011
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