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A company paid $93,500 for a machine and was depreciating it by the units-of-production method. The machine was expected to produce a total of 159,000 units of product, and to have a residual value of $8,500. During the first two years of use, the machine produced 55,000 units. At the beginning of the machine's third year of life, its estimated lifetime production was revised from 159,000 to 120,000 units; its estimated residual value was unchanged.
Calculate the amount of depreciation that should be charged during the third year of the machine's life if 25,000 units are produced that year.
A Company is preparing its budget for the next year.The following are forecasted data that relates to the first quarter:
decision making as to process further or sale out.sonimad sawmill manufactures two lumber products from a joint milling
she sold 48 shares, which could not be specifically identified, for $576, and on December 8, 2011, she sold another 25 shares for $100. Illustrate what is her recognized gain or loss?
A company using cost-plus pricing has an ROI of 24%, total sales of 20,000 units and a desired ROI per unit of $30. What was the amount of investment?
How much will be in a high-yield account at the National Bank of Arizona 12 years from now if you deposit $5000 now and $7000 fi ve years from now? The account earns interest at a rate of 8% per year, compounded quarterly (draw the cash flow diagram)
Evaluate the cost of producing a helmet - Armstrong Helmet Company manufactures a unique model of bicycle helmet.
The statement of cash flows:
Why would certain figures such as amortization or impairment of goodwill be different for the IFRs/GAAP adjustment for net income and stockholder's equity?
NEW Corporation, based in Sydney, Australia, has a wholly owned subsidiary in Taiwan. The Taiwanese subsidiary manufactures bicycles at a cost of $20 per unit and sells the bicycles to NEW Corp at an FOB shipping point price of $100 each. NEW pays sh..
The cost of goods sold rate is 65% and the desired ending inventory level is 25% of the next month's cost of sales. Prepare a purchases and cost of goods sold budget for July, August and September.
questionrest haven is a senior living community that provides a full range of services including independent living
Lindsey Hunter Corporation is authorized to issue 50,000 shares of $5 par value common stock. During 2014, Lindsey Hunter took part in the following selected transactions. Issued 5,000 shares of stock at $45 per share, less costs related to the issua..
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