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1.Howarth Manufacturing Company purchased a lathe on June 30, 2009, at a cost of $80,000. The residual value of the lathe was estimated to be $5,000 at the end of a five year life. The lathe was sold on March 31, 2013, for $17,000. Howarth uses the straight line depreciation method for all of its plant and equipment. Partial year depreciation is calculated based on the number of months the asset is in service.Required:1. Prepare the journal entry to record the sale.2. Assuming that Howarth had instead used the sum of the years digits depreciation method, prepare the journal entry to record the sale.
belgrade lakes properties is developing a golf course subdivision that includes 225 home lots 100 lots are golf course
the following is an example of cash amount 300000 6.0 accounts receivable amount 500000 10.0 inventory amount 800000
Identify some specific strategies that might elevate consciousness about white collar crime. What are some of the major policy options for responding to white collar crime generally Whichi overall strategy, if any, is most likely to succeed, and..
Net income (or net loss) during 2010, assuming that as of December 31, 2010, assets were $960,000, liabilities were $156,000, and no additional capital stock was issued or dividends distributed.
budgets and performance evaluation goal create an excel spreadsheet to prepare a performance report and use the results
Distinguish between auditing through the computer and auditing with the computer. When are auditors required to audit through the computer as opposed to auditing around the computer?
Both the budget process and budgets themselves can impact management actions, both positively and negatively. For instance, a common practice among non-profit organizations and government agencies is for management to spend any amounts remaining i..
Please prepare solutions to the following questions concerning topics covered in the first half of the course
1. cpa smith is the executive in charge of the pompano office of the audit firm. he is responsible for the practice in
assume that apple has received a special order from a retailer for 1000 specially outfitted imacs. this is a one-time
1. in a competitive market the industry demand and supply curves are p 200 - .2qd and p 100 .3qs respectively.a. find
disk city inc. is a retailer for digital video disks. the projected net income for the current year is 2840000 based on
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