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Disposal of Fixed Asset
Perfect Auto Rentals sold one of its cars on January 1, 2013. Perfect had acquired the car on January 1, 2011, for $23,400. At acquisition Perfect assumed that the car would have an estimated life of 3 years and a residual value of $3,000. Assume that Perfect has recorded straight-line depreciation expense for 2011 and 2012.
bharat company has a factory machine with a book value of 89851 and a remaining useful life of 4 years. a new machine
1. On January 2, each company issued 3,200 sillk'"es of capital stock for $160,000 and commenced operations.
on september 30 2010 squid roe inc. issued 100000 of 25-year 8 bonds at 90. the bonds pay interest semiannually on
A manufacturing company has a small production line dedicated to the production of aparticular product. The line has four stations in serial. Inputs arrive at station 1 and theoutput from station 1 becomes the input to station
you were hired to perform an attest engagement for an electronic supply company sparks electronics. sparks is trying to
explain the statement whereas the balance sheet can be thought of as a snapshot of the firms financial position at a
xyz company has forecasted june sales of 600 units andjuly sales of 1000 units. the company maintains ending
we spent a substantial amount of time in week 4 discussing the payment and taxation of corporate dividends. some of
the budget for may called for production of 9000 units. actual output for the month was 8500 units with total direct
Moran Company uses a job order cost system and has established a predetermined overhead application rate for the current year of 150% of direct labor cost, based on budgeted overhead of $900,000 and budgeted direct labor cost of $600,000. Job no. ..
the following data have been provided by kelch corporation from its activity-based costing accounting system factory
lmn inc. liquidated. as part of the liquidation one shareholder larry who owned 30 percent of the stock of lmn inc.
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