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Deloise Company purchased a new machine on September 1, 2012, at a cost of $90,120. The company estimated that the machine has a salvage value of $7,200. The machine is expected to be used for 71,300 working hours during its 8-year life. Compute the depreciation expense under the straight-line method for 2012 and 2013, assuming a December 31 year-end.
You are thinking about buying a savings bond. The bond costs $50 today and will mature in 10 years with a value of $100. What annual interest rate will the bond earn?
how is gross profit computed? why is it such an important measure of profitability? what is your companys or one you
a business is operating at 70 of capacity and is currently purchasing a part used in its manufacturing operations for
for markowis company variable costs are 63 of sales and fixed costs are 214750. managements net income goal is 126501.
There are several potential problems that can occur from the improper use of standard costs. Labor quantity standards and efficiency variances assume that production is labor-paced.
cardinal paz corp. carries an account in its general ledger called investments which contained debits for investment
Folding Squid Technologies initiated a just-in-time inventory system in 2007. Now the production manager, Chan Ziaou, wants to apply the same principles to the entire production process. His recommendation is the firm adopt a:
why cost accountants use two types of costing methods i.e absorption costing and direct costing? identify a case where
the lindsay company has a defined benefit pension plan. the plan assets balance at fv on jan12011was 1600 and employer
renfree mines inc. owns the mining rights to a large tract of land in a mountainous area. the tract contains a mineral
it is may 1st 2015 and you need to find the present of a cash stream that is 1 at the end of the 1st month but doubles
Prepare journal entries (1, 2, and 4) and show proper disclosure (3) to reflect the following treasury stock transactions showing how each is accounted for under the cost method. (Show computations.)
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