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1.Wardell Company purchased a minicomputer on January 1, 2011, at a cost of $40,000. The computer was depreciated using the straight line method over an estimated five year life with an estimated residual value of $4,000. On January 1, 2013, the estimate of useful life was changed to a total of 10 years, and the estimate of residual value was changed to $900.
Required:1. Prepare the appropriate adjusting entry for depreciation in 2013 to reflect the revised estimate.2. Repeat requirement 1 assuming that the company uses the sum of the years digits method instead of the straight line method.
ginos restaurant corporation wholesales ovens and ranges to restaurants throughout the midwest. ginos restaurant
borrell company purchased 4 delivery trucks on january 2 2013 for 22000 each. borrell expected 2 of the trucks to last
What is goal incongruence? How can using the metric "return on investment" for performance evaluation lead to goal incongruence?
Upper Darby Park Department is considering a new capital investment. The following information is available on the investment. The cost of the machine will be $200,000.
incremental analysis information regarding current operations of the farrell corporation is given below sales
1. prepare an income statement for the company using variable costing.2. prepare an income statement for the company
listed below are nine technical accounting terms1. cost volume profit analysis2. contribution margin ratio3. variable
What is the relationship between present value and the concept of a liability?
weekmachine hoursoverhead cost168 1190262 1004372nbspnbspnbsp 918446nbspnbspnbsp 710594 1025648nbspnbspnbsp 965answer
a company entered into a franchise agreement to operate a franchised location beginning on january 1 2014. the terms of
ales46000000operating expensevariable expense 32200000 and fixed expense 7500000total expenses 39700000operating
identify the little things 1-2 pages that could make a difference for both internal and external customers. there are
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