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GAAP requires that the long term assets should be depreciated over their useful life, but if we review the balance sheets of the companies we notice that Land is not depreciated though it is also a long term asset. Similarly some intangible assets are amortized like patents but goodwill is not amortized though it is also an intangible asset. Do you think it is right? Why or Why not?
how does the fifo method differ from the average costing method of process costing system? provide an example of fifo
what is future development along with the harmonization efforts of fasb and iasb on investment? please provide detail
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Over the past 75 years, we have observed that investments with the highest average annual returns also tend to have the highest standard deviations of their annual returns.
the following information relates to a companys accounts receivable accounts receivable balance at the beginning of the
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Norek Corp. owned 70% of the voting common stock of Thelma Co. On January 2, 2006, Thelma sold a parcel of land to Norek. The land had a book value of $32,000 and was sold to Norek for $45,000. Thelma's reported net income for 2006 was $119,000. W..
martin amp associates borrowed 5000 on april 1 2013 at 8 interest with both principal and interest due on march 31
mainline produce corporation acquired all the outstanding common stock of iceberg lettuce corporation for 40000000 in
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