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Wenner Furnace Corp. purchased machinery for $613,800 on May 1, 2012. It is estimated that it will have a useful life of 10 years, salvage value of $233,000, production of 528,000 units, and working hours of 25,000. During 2013, Wenner Corp. uses the machinery for 2,650 hours, and the machinery produces 56,100 units.From the information given, compute the depreciation charge for 2013 under each of the following methods.
Charlotte sold her unincorporated business for $360,000 in 2008. The sales contract allocated $150,000 to equipment, $110,000 to land, and $100,000 to goodwill.
in the goblette manufacturing company indirect labor is budgeted for 108000 and factory supervision is budgeted for
lincoln products manufactures and distributes three types of golf clubs beginners intermediate and advanced. the
Orbit Airways ourchased a baggage-handling truck for $41,000. Suppose Orbit sold the truck on December 31,2008 for $28,000 cash,, after using the truck for two full years and accumulationg depreciation of $16,000. Make the journal entry to record ..
the following data pertain to activity and costs for two recent monthsoctobernovemberactivity level in
A financial advisor tells you that you can make your child a millionaire if you just start saving early. You decide to put an equal amount each year into an investment account that earns 8% interest per year, starting on the day your child is born..
mozena corporation has collected the following information after its first year of sales. sales were 1710000 on 114000
how can a company that reports record breaking sales not have enough cash in their checking account to pay their
to raise operating funds signal aviation sold an airplane on january 1 2013 to a finance company for 1030000. signal
tinbergen cans expects sales next year to be 50000000. inventory and accounts receivable combined will increase 8000000
Making one unit of the companys product requires 1.5 direct labor hours. 1) Determine the total overhead to be applied per unit of product in 2010.
lance company an accrual basis corporation reported taxable income of 1560000 for 2013. included in the computation
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