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On 2009 January 2, a new machine was acquired for USD 900,000. The machine has an estimated salvage value of USD 100,000 and an estimated useful life of 10 years. The machine is expected to produce a total of 500,000 units of product throughout its useful life. Compute depreciation for 2009 and 2010 using each of the following methods:
a. Straight line.
b. Units of production (assume 30,000 and 60,000 units were produced in 2009 and 2010, respectively).
c. Double-declining balance.
Sel Corporation regularly sells inventory items to its parent, Pul Corporation. In preparing the consolidated income statement, which of the following items would not be affected by the direction (upstream or downstream) of these intercompany sale..
the options are not exercisable unless divisional revenue increases by 6% in three years. Red initially estimates that it is probable the goal will be achieved. Ignoring taxes, what is reduction in earnings in 2011?
multiple choice questions on budgetary control system.1. the cash budget is usually prepared before the production
Manufacturing overhead during the year was over applied. If the amount is immaterial, which one of the following is a part of the transaction that should occur to dispose of the over applied amount?
Calculate the total costs of each job - calculate the quoted selling price for each job.
Huneke Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed out to cost of goods sold at the end of the month. During May, the cost of goods manufactured was $178,000 and manufacturing overhead was underapp..
module 11 what are the maturities on intels long-term debt?2 what are intels projected obligations on long-term debt
part a. you have to analyse grand plomp ltd a maker of rocket widgets used by nasa.the owners are wondering whether the
libor is the london interbank offered rate. a panel of banks submit their estimated borrowing rates each day. libor
What steps have been removed from the computerized accounting cycle that exists in the manual accounting cycle? Do you see any risks in removing the steps that you identified - Computerizing Accounting Systems
Payment that Wrenn will require from Contech? Assume a marginal tax rate of 40%. Under the terms of the lease, payments will be made at the beginning of each of the 4 years.
Leighton Company purchased equipment for $510,000 which was estimated to have a useful life of 10 years with a salvage value of $10,000 at the end of that time. Depreciation has been entered for 7 years on a straight-line basis. In 2014, it is determ..
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