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In recent years, Sonya Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected the depreciation method for each bus, and various methods were selected. Information concerning the buses is summarized below.
For the declining-balance method, the company uses the double-declining rate. For the units-ofactivity method, total miles are expected to be 122,900 . Actual miles of use in the first 3 years were: 2011, 23,400 ; 2012, 33,300 ; and 2013, 31,900.
Calculate depreciation expense per mile under units-of-activity method.
Hammond and Jarrett provide tax consulting for estates and trusts. Their job-costing system has a single direct-cost category (professional labor) and a single indirect-cost pool (research support).
The standard number of hours that should have been worked for the output attained is 10,000 direct labor hours and the actual number of direct labor hours worked was 10,500. If the direct labor price variance was $10,500 unfavorable, and the stand..
Which of the following expenses would not appear on a Selling and Administrative Expense Budget? Which of the following costs incurred by a restaurant store is not an example of a variable cost?
Goods costing $2000 are purchased on account on July 15 with credit terms of 2/10,n/30. On July 18 a $200 credit memo is recieved from the supplier for damaged goods. How would you give a journal on July 24 to record payment of the balance due wit..
Determine how the costs in (a) and (b) should be presented on Erin's financial statements as of December 31, 2008. Also determine the amount of amortization of intangible assets that Erin should record in 2008 and 2009.
1. what is an accounting entity?2. what are the two most crucial aspects of this accounting entity
Can you distinguish between accuracy of tests of gross accounts receivable and tests of the realizable value of receivables?
A company uses residual income to evaluate their Div. performance. The Div. had operatresidual income for the Diving profit of $1,000,000 and invested capital of $20,000,000. The imputed interest rate for evaluating a Div. is set at 6%. The . is:
accounting assignmentpart one please provide clear calculations and explanations submit supporting excel file if
Seton Company manufactures a single product that sells for $360 per unit and whose total variable costs are $270 per unit. The company targets an annual after-tax income of $1,620,000.
What types of businesses property qualify for the business energy credit? Please provide a solution in at least 150 words. Thanks
What Is the maximum amount of these expenditures that Egret can deduct in 2011?
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