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1. What is the amount of property and equipment on the balance sheet for the two most recent years? What is the amount of depreciation expense? What amounts are on the cash flow statement for the most recent year that relate to depreciation, gains and sales of property and equipment, and purchases and sale of property of equipment? What amounts are permitted for inclusion in the capitalized cost of property and equipment?
2. Looking at the footnote disclosures of the company, what are the individual components of property and equipment? For example, what are the amounts for land, building, equipment, accumulated depreciation, and so forth? How do companies account for nonmonetary exchange and dispositions of property and equipment?
3. Does the company have intangible assets? If so, what are the types of intangible assets (patent, copyrights, etc.) and their amounts? What is the amount of amortization expense? What amounts on the most recent cash flow statement relate to the purchase and sale of intangible assets? How do intangible assets differ from property and equipment? What costs do we include in intangible assets?
The property had cost yo $20,000 when it was purchased in 1998. under installment-sale metjod, what is the amount of gross profit realized in year 2011?
What amount of note payable should Largo include in the current liabilities section of its December 31, 2010 balance sheet?
Name the accounts impacted and how using the format account name/debit or credit/dollar amount and (2) explain how the Accounting Equation is impacted.
effects of transactions on statement of cash flows.indicate for each of the following what should be disclosed on a
Prepare a schedule of cost of goods manufactured and what is the unit product cost if Knight manufactured 2,160 lamps for the year?
An article recently appeared in the Wall Street Journal indicating that companies are selling their receivables at a record rate. Discuss reasons why a company may want to sell their receivables and the advantages and disadvantages of this practi..
Capitalize or Revenue recognize the expenditure on Acquisition cost - The equipment has an estimated life of five years and an estimated residual value of $6,000.
what minimum price would be acceptable? What qualitative factors should Big Al’s considered before agreeing to accept the special order?
Prepare a schedule to show the impact of filling the Pacific order on Mission's profits for the year and would you recommend that Mission accept the order?
Discuss the following items this week regarding your pay stub and the payroll process within your current or a former organization: After examining the paycheck stub, are there things that you don't understand? If so, research that deduction? Share w..
What effect would this have on the firm's output. Finally, suppose that MCL =$20 and P=$50 but that labor productivity (output per labor hour) is expected to increase by 25%over the next 5 years. What effect would this have on the firm's optimal ..
What expenses are allowed on rental property and how to allocate those expenses - Use the tax research methodology to research the regulations regarding rental income and expenses.
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