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At the beginning of 2014, Robotics Inc. acquired a manufacturing facility for $12 million. $9 million of the purchase price was allocated to the building. Depreciation for 2014 and 2015 was calculated using the straight-line method, a 25-year useful life, and a $1 million residual value. In 2016, the estimates of useful life and residual value were changed to 20 years and $500,000, respectively.
What is depreciation on the building for 2016? (Enter your answer in whole dollars)
Motor #9, which had a cost of $5,500 and accumulated depreciation of $5,000, was traded in for a new motor (#23) with a fair market value of $6,500. The old motor and $6,200 in cash were given for the new motor.
Financial Statement Analysis
A U.S. manufacturer wants to conduct business through a foreign subsidiary organized in a low tax jurisdiction. Explain how might it do so without being currently taxed on the subsidiary’s foreign earnings?
what extent have you seen evidence that lead to determination the "fair value" of a business at acquisition date for 100 percent acquisitions?
What is a value chain? Sketch the significant processes in the value chain for a local franchise of Starbucks. How does the local franchise fit into the larger value chain for Starbucks as a whole?
Explain your reaction to the idea that an auditor’s discussion and analysis, similar to management’s discussion and analysis, might accompany the standard audit report. Do you think such an addition would add value or distract investors? Why?
Prepare the December adjusting entry to estimate bad debts, assuming uncol-lectible accounts are estimated to be 8% of net credit sales.
Compute the amount of gross profit to be recognized in each of the three years. (Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)
The T-Accounts contain the Dec postings to the general ledger of Swoops, Inc - the Dec 1 postings are beginning balances, while the Dec 31 postings are closing entries.
a year ending balance sheet showed the subsequent subtotals current liabilities 80000property plant and equipment
The current controllable margin for Henry Division is $93,000. Its current operating assets are $300,000. The division is considering purchasing equipment for $90,000 that will increase annual controllable margin by an estimated $15,000. If the equip..
question reichenbach co. organized in 2013 has set up a one account for all intangible assets. the subsequent summary
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