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Prepare a depreciation schedule: Z Company’s fiscal year starts July 1st and ends June 30th. The company purchased a new machine which was installed and operational at the beginning of the second quarter in October. The machine cost $145,800 and has an estimated useful life of three years and estimated salvage value of $5,400.
Z Company receives an offer for the truck for 9,500 at the end of the third year.
a. What factors should Z Company consider in determining whether to sell or keep the machine?
b. Assume the machine is sold. Prepare the appropriate journal entry showing sale of the machine under each depreciation schedule.
Last year, the company's variable costing net operating income was $80,500. Fixed manufacturing overhead costs released from inventory under absorption costing amounted to $18,400. What was the absorption costing net operating income last year?
What is the likely reason that the adjustment for deferred income taxes when converting net income to cash flow from operations was an addition in Year 6 to Year 8 but a subtraction in Year 9 and Year 10?
consumer cleaning products corporation ccpc is a public company with a calendar year- end.nbspccpc manufactures
finns seafood restaurant has been approached by new england investments which wants to hold an employee recognition
Rachael shock, assistant accountant for Bunbury Instruments Ltd, was finalising the balance sheet of the company as at 30 june 2013 with the accountant of the business, Olle Twist.
Prepare the journal entries necessary to record issue of the new bonds and the refunding of the bonds.
evaluating absorption and variable costing as alternative costing methodsthe questions below pertain to two different
If the direct labor variance is $800 favorable and the direct labor usage variance is $700 unfavorable then. Which of the following is NOT a fixed cost controllable by a segment manager? Which of the following is NOT a service department?
compute the net benefits using a discount rate of 6 percent ,repeat using a discount rate of 12 percent, what can you conclude from this exercise?
What is the labor rate variance for the month and what is the labor efficiency variance for the month?
Prepare a classified balance sheet for Tricam Engineering at December 31, 2013 using the post-closing trial balance and the additional information provided.
First you just need to document your reactions to the presentation. For example the presenter mentioned skills identified as being desirable for employees.
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