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Your company plans to purchase a machine worth P250,000 which will be depreciated over five years using straightline method. There will be no salvage value. An installation cost of P50,000 is required to make the new machine operational. This new machine will replace a unit purchased three years ago for P240,000 with accumulated depreciation amounting to P90,000. Said machine can be sold today at P255,000. With the purchase of the machine is an additional working capital requirement of P5,000. Tax rate is 34 percent. How much is the total (net) initial investment or cash outflow at time zero?
Holt now feels the computer will be used until December 31, 2014, when it can be sold for $500 - Compute the 2013 depreciation.
Assume, John Hankins, who owns Hankins Construction Co. and runs it as a proprietorship, had gross profit last year of $ 100,000. His personal and family expenses are $50,000 and he has $10,000 in exemption and deductions. What taxes would John pay a..
Calculation of cost per motor as per cost accounting - Determine the cost per motor, for cost accounting purposes, after completion of the additional plant capacity.
Management has set a minimum required rate of return on average operating assets of 25%. What is the residual income for the year?
Having trouble setting up journal entries, I know accounts recievable would be increasing and sales discounts would be be credited? Would much appreciate some help.
Data for Brinley Company for the current fiscal year ended June 30, 20-2, are shown below. Prepare a schedule of cost of goods manufactured for the year ended June 30, 20-2.
The master budget of Handy Company shows that the planned activity level for next year is expected to be 100,000 machine hours. At this level of activity, the following manufacturing overhead costs are expected: The actual quantity of materials use..
Find Reed's cost of not taking the suppliers' discounts and What is each project's payback period
The Hassan Corporation has an Electric Mixer Division and an Electric Lamp Division. Of a $10,000,000 bond issuance, the Electric Mixer Division used $7,000,000 and the Electric Lamp Division used $3,000,000 for expansion. Interest costs on the bond ..
Documents that comprise GAAP, provides a consensus on how to account for new and unusual financial transactions?
Dave’s Pizza bought a used Toyota delivery van on January 2, 2014, for $28,600. The van was expected to remain in service for four years (154,000 miles). Prepare a schedule of depreciation expense per year for the van under the three depreciation met..
Illustrate what are some of the more significant non-tax consequences of choosing the partnership form? Brief answer. 3-6 sentences minimum.
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