Reference no: EM132446623
Questions -
Q1. On January 2, 2016, Alpha Company acquired a new machine by signing a 5 year note for $62,000. The estimated service life is eight years and the total units of output to be 200,000. The estimated residual value is $8,000. Using the straight-line method, how much is: (Enter only whole dollar values.)
1. The 2017 depreciation expense.
2. The accumulated depreciation after the fiscal year 2017 adjusting entry.
3. The book value of the truck after the fiscal year 2017 adjusting entry.
Q2. Bravo Company purchased equipment on October 1, 2016. Bravo paid $60,000 for equipment and paid an additional $500 for shipping and $200 to place the equipment in service. The equipment is expected to have a $6,000 residual value and an 8-year life. Bravo has a December 31 fiscal year end. Using the double-declining balance method, how much is: (Enter only whole dollar values.)
1. The 2018 depreciation expense.
2. The accumulated depreciation after the fiscal year 2018 adjusting entry.
3. The book value of the truck after the fiscal year 2018 adjusting entry.
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Vasa capsizes case study
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Money between measuring and reporting two dimensions
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Find the accounts receivable turnover ratio
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Analyze the theory of life-span development
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How much is the book value of the truck
: Bravo Company purchased equipment on October 1, 2016. How much is the book value of the truck after the fiscal year 2018 adjusting entry
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How drug policies affect joe circumstances
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Develop practical solutions within a business context
: critically analyse business requirements from an information systems perspective and identify the appropriate information systems to develop practical solution
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Does modernization necessarily mean democratization
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Why is the use of teams in organizations becoming
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