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Laxmi Limited purchased a machine for Rs.400000 on 1st july,2005.Depreciation is provided @ 10 p.a. on the Diminishing Balance Method on 1st october,2007,one fourth of the machine was found unsuitable and disposed off for Rs.60,000. On the same date a new machine at acist of Rs.1,50,000 was purchased. Prepare machine account from 2005 to 2008. The accounts are closed on 31st december each year
As of December 31, 2010, Nilsen Industries had $2,000 of raw materials inventory. At the beginning of 2010, there was $1,600 of materials on hand.
1moe has a law practice and earns 322000 which he reports on his schedule c. his wife mindy works parttime at wal-mart
smith cpa was engaged to audit golf corporations financial statements for the years ended august 2006. smith planned
Ontario still had $60,000 of the goods in its inventory at the end of the year. The amount of unrealized intercompany profit which should be eliminated in the consolidation process at the end of 2006 is:
given the following cost and activity observations for johnson companys utilities use the high low method to calculate
the boston culinary institute is evaluating a classroom remodeling project. the cost of the remodel will be 300000 and
1 stabilizing a nations price level and the purchasing power of its money can be achieveda. with neither fiscal nor
a business issued a 30-day 7 note for 36000 to a creditor on account. illustrate the effects on the accounts and
1.the following data pertains to activity and the cost of cleaning and maintenance for two recent monthsmonth 1month
Arnie, a college student, purchased a truck in 2010 for $6,000. He used the truck 70% of the time as a distributor for the local newspaper and 30% of the time for personal use. The truck has a five year recovery period and he claimed depreciation ..
1. jason and mary are married taxpayers in 2013. they are both under age 65 and in good health. for this tax year they
sensitivity analysis using excellane construction ltd. is considering the acquisition of a new eighteen wheeler.-the
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