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During 2012 and 2013, Supplies, Inc. drove the truck 15,000 and 22,000 miles, respectively, to deliver merchandise to its customers. The company originally purchased the truck at the beginning of 2012 for $175,000. If the truck has an estimated life of 10 years and 300,000 miles, with an estimated residual value of $25,000, what amount of deprecation expense should Supplies, Inc. record in 2013 using the activity method?
Patel and Sons, Inc., uses a standard cost system to apply overhead costs to units produced. Practical capacity for the plant is defined as 50,000 machine-hours per year, which represents 25,000 units of output.
bentson corporation a wholesaler provided the following
in october mcenroe company reports 21490 actual direct labor hours and it incurs 59550 of manufacturing overhead costs.
What is the Doubtful Accounts Expense for the year ended December 31, 2009 if the Accounts Receivable at December 31, 2009 is $440, the Allowance for the Doubtful Accounts at January 1, 2009 is $64,
owe manufacturing co. produces a single product g. budgeted amounts for the coming year are as follows sales 120000
on july 1 2013 apache company sold a parcel of undeveloped land to a construction company for 3100000. the book value
Three dry holes were drilled on surrounding leases
you are considering two investments a and b. both investments provide a cash flow of 100 per year for n years. however
Patrice sells a parcel of land for $50,000 cash and the buyer assumes Patrice's liability of $7,000 on the land. Patrice's basis in the land is $40,000. What is the gain or loss she will recognize on the sale?
johnson inc. owns control over kaspar inc johnson reports sales of 400000 during 2013 while kaspar reports 250000.
select two components of internal control. Explain how the role of internal and external audit would differ in assessing these components.
You are an accounting tutor. One of your students is confused about impairment because the student has learned earlier that all assets are recorded at their historical cost. The student has the following list of questions for you:
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