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On January 2, 2016, Twilight Hospital purchased a $100,000 special radiology scanner from Bella Inc. The scanner had a useful life of 4 years and was estimated to have no disposal value at the end of its useful life. The straight-line method of depreciation is used on this scanner. Annual operating costs with this scanner are $105,000. Approximately one year later, the hospital is approached by Dyno Technology salesperson, Jacob Cullen, who indicated that purchasing the scanner in 2016 from Bella Inc. was a mistake. He points out that Dyno has a scanner that will save Twilight Hospital $25,000 a year in operating expenses over its 3-year useful life. Jacob notes that the new scanner will cost $110,000 and has the same capabilities as the scanner purchased last year. The hospital agrees that both scanners are of equal quality. The new scanner will have no disposal value. Jacob agrees to buy the old scanner from Twilight Hospital for $50,000.
Prepare a journal entry summarizing the payment of Flip s total salary during the year and prepare a journal entry summarizing the employer payroll tax expense on Flip s salary for the year.
Teana Corporation uses machine hours as its denominator activity for fixed manufacturing overhead. Teana's standard machine hours allowed for actual output was closest to ?
Jer Inc.'s $10 par value common stock is actively traded at a market value of $15 per share. Jer issues 5,000 shares to purchase land advertised for sale at $85,000. Journalize the issuance of the stock in acquiring the land.
Review Ford Motor Company's Form 10-K for 2012. Explain the purpose of a company's 10-K and how it interprets the firm's financial strength.
At the time of sale, Bertha estimated that warranty claims would amount to 7% of sales. During the year, she replaced defective merchandise for $6,000
The Akron Slugger Company produces various types of wooden baseball bats. It has calculated the average cost per unit of a production level of? 7,500 bats to be? $10.00. Given this? information, what would be the total cost of producing? 7,500 baseba..
What is the breakeven number of participants that must attend the seminar if a $200 fee is charged to each attendee?
Identify an organization that was involved in corporate fraud. Explain how fraud can be detected and evaluate the importance of teamwork and leadership in a fraud investigation.
If the partnership sells the other assets, how much money must it receive to ensure that $13,000 would be available from Z's portion of the business?
The fair value of Aumont's assets is estimated to be $829,120 - compute the amount of goodwill acquired by Winans.
Which one of the following will not increase return on investment?
Which of the following is not true about the "fair value through other comprehensive income" approach for accounting for investments under IFRS No. 9?
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