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1. Tedesco Company changed depreciation methods in 2010 from double-declining-balance to straight-line. Depreciation prior to 2010 under double-declining-balance was $90,000, whereas straight line depreciation prior to 2010 would have been $50,000. Tedesco's depreciable assets had a cost of $250,000 with a $40,000 salvage value, and an 8-year remaining useful life at the beginning of 2010. Prepare the 2010 journal entries, if any, related to Tedesco's depreciable assets.
classic irons inc. purchased manufacturing equipment with an expected useful life of five years or 5000 hours of usage.
Brown earned net operating income of $80,000 and had a long-term capital loss of $3,000. Also, Jay withdrew $40,000 from the corporation. Jay must report $80,000 of Brown Corporation income and may deduct the $3,000 loss on his individual Federal ..
use the high-low method to estimate the variable and fixed components of quarterlyusing your regression restuls and
What is the company's weighted average cost of capital if retained earnings are used to fund the common equity portion?
on january 15 2009 tallyho corp. incorporated in georgia and was authorized to issue 3000000 shares of common stock. in
eisenhower communications is trying to estimate the first-year net operating cash flow at year 1 for a proposed
1. Classify the following as either revenue or capital expenditures.
No additional fixed manufacturing overhead will be incurred because of this order. The only additional selling expense on this order will be a $0.50 per unit shipping cost. There will be no additional administrative expenses because of this order...
budgetschedulesforamanufacturer.logospecialtiesmanufacturesamongotherthingswoolen blankets for the athletic teams of
hoosier company manufactures and sells a single product. the following costs were incurred during the companys first
Business scenario.
Clint lives in Nadir, New South Wales. During the 2015 income year, Clint spent 4 months living in New York. He did some casual work there (earning $10,000 and paying $2,000 in US income tax) but he was mostly holidaying.
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