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1. To what extent do you consider the following items to be proper costs of the fixed asset? Give reasons for your opinions.
(a) Overhead of a business that builds its own equipment.(b) Cash discounts on purchases of equipment.(c) Interest paid during construction of a building.(d) Cost of a safety device installed on a machine.(e) Freight on equipment returned before installation, for replacement by other equipment of greater capacity.(f) Cost of moving machinery to a new location.(g) Cost of plywood partitions erected as part of the remodeling of the office.(h) Replastering of a section of the building.(i) Cost of a new motor for one of the trucks.
as of january 1st retained earnings has a credit balance of21800. during the year dividends totaled 1500 and
anthony company uses a perpetual inventory system. it entered into the following purchases and sales transactions for
Subsidiary Corporation is insolvent and has no assets to redeem any of the stock that Parent Corporation owns when it liquidates. Nearly all of Subsidiary's gross income during the past five years has come from nonpassive activities. Parent can re..
in order to encourage employee ownership of the companys 1 par common shares washington distribution permits any of its
why are noncash transactions such as the exchange of common stock for a building for example included on a statement of
rogers co. had a sheet metal cutter that cost 110000 on january 5 2010. this old cutter had an estimated life of ten
happy music company manufactures two instruments the classical guitar and the harmonica. the company produces 10000
Powerpoint presentation on Penzoil quaker state company
Gyro Company is presently testing a number of new weed control products that it recently developed. To stimulate interest, it has decided to grant to five of its largest customers the unconditional right of return to these products if not fully sa..
Caroline's Candy Corner sells gourmet chocolates. The company buys chocolates in bulk for $5 per pound plus 5% sales tax. Credit terms are 2/10, n/25, and the company always pays promptly to take advantage of the discount. The chocolates are shipp..
the role of a chief administrative officer for a large non-profit health relief organization. A board of directors has requested that you prepare a summary of the issues about how to solve the health needs of an African country.
dold acrobats lent 16529 to donaldson inc. accepting donaldsons 2-year 20000 zero interest-bearing note. the implied
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