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Question - On January 1, 2015, a machine was purchased for $90,000. The machine has an estimated salvage value of $6,000 and an estimated useful life of 5 years. The machine can operate for 100,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as fol-lows: 2015, 20,000 hours; 2016, 25,000 hours; 2017, 15,000 hours; 2018, 30,000 hours; and 2019, 10,000 hours.
Find the depreciation using double declining method if the fiscal year-end is September 30.
Boston bait shop uses a periodic inventory system. Compute the amount of the cost of goods sold in year 2
on january 6 gramke co. sells merchandise on account to colt inc. for 8000 terms 110 n30. on january 16 colt pays the
the stamping department accepted job 051507a on may 15th to make 1000 funnels.to complete the job they requisitioned
Clint lives in Nadir, New South Wales. During the 2015 income year, Clint spent 4 months living in New York. He did some casual work there (earning $10,000 and paying $2,000 in US income tax) but he was mostly holidaying.
Identify and discuss the reliability of the types of evidence an auditor would need to determine whether each condition cited above was met for a bill
judy jean a recent graduate of rollings accounting program evaluated the operating performance of artie companys six
How should the lease transaction for Flynn Co. be recorded on January 1, 2010?
The contract specifies that the lessor pays executory costs as incurred. The lessee's lease payments were increased to $103,300 to include an amount sufficient to reimburse these costs plus a 10% management fee for Branif.
certain finite-lived intangible assets and fixed assets across several of our chemical businesses and our Electronic Materials segment
Choice Two Manufacturing, which began operations in 2011, What entry(ies) are necessary to adjust the accounting records for the change in accounting principle
Suppose the equilibrium price in the hiking boot market is $100. How many boots should Rafferty produce, what price should he charge, and how much profit will he make?
pierce merchandising company expects to purchase 90000 of materials in march and 105000 of materials in april.
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