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Salta Company installs a manufacturing machine in its factory at the beginning of the year at a cost of $87,000. The machine's useful life is estimated to be 5 years, or 400,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 84,500 units of product. Determine the machines' second year depreciation under the units-of-production method.
What is a complete liquidation? A partial liquidation? Explain the difference in tax treatment accorded these two different events. Also, provide specific examples.
if walker corporation issues a 1000000 three-year noninterest bearing note how much cash will it receive if the
superior door company sells pre-hung doors to home builders. the doors are sold for 60 each. variable costs are 42 per
sanchez corporation is considering three long-term capital investment proposals. relevant data on each project are as
prestopino corporation produces motorcycle batteries. prestopino turns out 1500 batteries a day at a cost of 5 per
Discuss the main accounting conventions and concepts.
flagstaff inc. uses standard costing for its one product baseball bats. the standards call for 3 board-feet of wood at
for eckstein company the predetermined overhead rate is 140 of direct labor cost. during the month eckstein incurred
intel inc. is the pioneer in the manufacture of microprocessor for computers. the companys fiscal year runs from april
Prepare the necessary journal entries for the years ending December 31, 2011, 2012, and 2013. Show all computations - Estimated total future cash flows
on january 1 2011 937000 5-year 10 bonds were issued for 908890. interest is paid semiannually on january 1 and july 1.
overland corporation is authorized to issue 250000 shares of 1 par value common stock. during 2014 overland corporation
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