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The equipment has been depreciated using the sum-of-the-years'-digits method for the first 3 years for financial reporting purposes. In 2012, the company decided to change the method of computing depreciation to the straight-line method for the equipment, but no change was made in the estimated service life or salvage value. It was also decided to change the total estimated service life of the building from 30 years to 40 years, with no change in the estimated salvage value. The building is depreciated on the straight-line method.
(a) Prepare the journal entry to record depreciation expense for the equipment in 2012.
(b) Prepare the journal entr
On January 1, 2010, Krupka LLC amended its pension plan which caused an increase of $6,000,000 in its projected benefit obligation. The company has 400 employees who are expected to receive benefits under the company's defined-benefit pension plan..
examine the circumstances that resulted in the merger or acquisition for the selected company. speculate on two 2
What financial factors should management consider when deciding whether to sell a product at the split off point or process it further?
If management decides to buy part I50 from the outside supplier rather than to continue making the part, what would be the annual impact on the company's overall net operating income?
plummet corporation reported the book value of its net assets at 400000 when zenith corporation acquired 100 percent
in the current economic environment how can an accountantauditor use financial ratios to determine the financial health
the company is large, she is only requisitioning a small amount of material compared to total company operations and she does have documentation of the cost.
1. in two to three paragraphs describe the sarbanes-oxley act and why it is important to the accounting profession.2.
company a started the year 2013 with following balances on 112013.cash 380000accounts
consider the following data regarding budgeted operations for 20x7 of the portland division of machine products average
Which of the following is NOT a legal restriction related to profit distributions by a corporation?
Decide if either of these actions is warranted in your particular case and state why you think that way.
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