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On Jan 1, 2006, machineries were purchased by SUN Limited for Rs 4,00,000. On July 1, 2007, additions were made to the extent of Rs 80,000. On Apr 1, 2008, further additions were made to the extent of Rs 51,200. On June 30, 2009, one machinery, original value of which was Rs 64,000 on Jan 1, 2006, was sold for Rs 48,000. Depreciation is charged @ 10% p.a. on original cost. You are required to show the Machinery Account for three years from 2006 to 2009 in the books of SUN Limited, which closes its books on Dec 31st.
Which of the subsequent accounts are not included in the calculation for Gross Profit and Corporate governance include concerns about business ethics and social responsibility
The standard hours allowed for real production for the year total and franklin's variable overhead efficiency variance for current year.
Assume Bloomington Indiana Mellencamp Health System, a not-for profit hospital, is evaluating a new MRI.
calculation of normal expected rate of return.the gean corporation had net operating income of 380000 and average
Purpose an income statement through gross profit and Prepare an income statement through gross profit for the year ended December 31, 2007
What is common-size statements? What is ratio analysis - why do financial managers use this? Name one ration and explain what it measures and why it is important.
Compute the budgeted amounts for 2012 for direct materials to be used, direct labor, and applied overhead and compute the standard cost of one unit of product.
Raxston currently owes Kordel $500,000 for inventory acquired over the past few months. In preparing consolidated financial statements, what amount of this debt should be eliminated?
What was the beginning balance and evaluate amount of overhead assigned to Job 3 during 2007
At Christmas, Samantha gave each of her three nephews Christmas gifts of an additional $5,000 in cash. Illustrate what is the amount of the taxable gifts, if any, made by Samantha this year?
The division is dropped, the staff will be laid-off, with the exception of one person who will be assigned to another job. Her salary is $45,000. Should the division be dropped?
What principles of accounting for intangibles would cause Hilton to record brands as assets while Marriott does not? How will these differences in accounting for brands generally affect the net income and return on assets of these two competitors..
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