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Question - In business, assets are not just things that a business owns, assets are used to generate revenues. For example, if you operate a local restaurant and provide catering services, the truck used to make the deliveries to customers is more than a vehicle you own, it is an asset used to generate additional streams of income into the business. The longer your assets can be used in the business to create income, the better the return on the investment in that particular asset. However, this is not always possible because of the wear and tear that occurs.
1. What should companies consider before choosing a method of expensing long-lived-assets cost?
2. What are some benefits and risk of various depreciation methods on a company's net income?
What is the gain or loss on the sale of this machinery, and how will it be treated on the tax return?
which of the following describes the behavior of the fixed cost per unit?decreases with increasing productiondecreases
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Discuss methods used to account for investments in a consolidated financial statement. Explain journal entries on the parent's books to account for an investment using the cost method, the partial equity method, and the complete equity method.
Identify two situational pressures in a public company
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Use the U.S. tax rate schedule
riggins inc. manufactures one product called tybos. the company uses a standard cost system and sells each tybo for 8.
What is the APR on this loan? What is the EAR?
due to varying business characteristics the managerial accounting techniques applied in each business may differ. for
the city of shipley maintains an employee retirement fund a single-employer defined benefit plan that provides annuity
An auditor may need to deal with in the cash accounts
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