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Oki Company pays $ 264,000 for equipment expected to last four years and have a $ 29,000 salvage value. Prepare journal entries to record the following costs related to the equipment. 1. During the second year of the equipment's life, $ 22,000 cash is paid for a new component expected to increase the equipment's productivity by 10% a year. 2. During the third year, $ 6,250 cash is paid for normal repairs necessary to keep the equipment in good working order. 3. During the fourth year, $ 14,870 is paid for repairs expected to increase the useful life of the equipment from four to five years.
on february 1 2011 wolf inc. issued 10 bonds dated february 1 2011 with a face amount of 200000. the bonds sold for
Identify similarities and differences between these statements as the basis for your presentation.
troy single purchased a home in hopkinton massachusetts on april 6 2005 for 515500. he sold the home on october 6 2012
write a two-page action plan discussing how you would obtain an understanding of key business processes of a company
one of your corporate clients has approached you about whether or not its employees are required to include certain
A multiple step income statement for Alpha for the year ending December 31, 2012. The income statement must be prepared in proper form and format including all relevant headings, sections, captions, titles, totals, subtotals, and disclosures one ..
makin amp byrd inc. which uses throughputcosting just completed its first year ofoperations. planned and actual
if there are so many generally accepted accounting principles gaap and outside auditors auditing company books why have
Jarrett owns a mountain chalet that he purchased in 1999 for $175,000. This year, the home appraised at $300,000. Shortly after the appraisal, a blizzard hit the area in spring of the current year
"Thirty-five years ago, young employees we hired wereambitious, conscientious, hardworking, and honest. What is the journal entry for: Sold merchandise for $10,000 and accepted a 10% 7-month note?
Also during 2006 regional sells all the inventory pruchased in 2005 and 2006 to unrelated entities. What is the adjustment to cost of goods sold in the 2006 worksheet elimination?
during the entire period ending dec 31 of each year the outstanding stock of the company was composed of 20000 shares
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