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The MACRS depreciation allowances on 3-year property are 33.33 percent, 44.45 percent, 14.81 percent, and 7.41 percent, respectively. What is the amount of the depreciation in year 2 for 3-year property with an initial cost of $64,000 ?
imagine you are a certified public accountant cpa and your client has asked for your help in mitigating or eliminating
On the basis of the information provided, under U.S. GAAP, is goodwill associated with the Spanish operations impaired as of December 31, 2010? If so, determine the impairment loss.
why are noncash transactions such as the exchange of common stock a building included on a statement of cash flows? how
A corporation had 13,500 shares of $5 par value common stock outstanding when the board of directors declared a stock dividend of 4,995 shares. At the time of the stock dividend, the market value per share was $19. The entry to record this div..
Briefly explain the significance of the acquisition date and the date of exchange and outline how the consideration (in a business acquisition) is calculated when the acquisition of the target company is carried out in stages.
assume the inventory in process for february 1 for the packing department included 1200 pounds of cereal in the packing
Write a 1050-word paper discussing how differences in the industries and different measurement conventions (IASB and FASB) affect presentations, and how the elements of the four financial statements are related.
how would you explain the difference between financial and managerial accounting? explain the distinguishing features
Sarah contributes 25K to a church. Sarahs marginal tax rate is 35%. While her average tax rate is 25%. After considering her tax savings, sarah's contribution cost are?
During 2010, Shirley Nutt, the sole shareholder of a calendar year S corporation, received a distribution of $16,000. On December 31, 2009, her stock basis was $4,000.
A small business owner holds $4,000 in cash; $1,200 in materials; $10,000 in land and $32,000 in plant and equipment. His accounts payable total $9,000 and he has an outstanding bank loan totaling $18,800. what is the owners equity?
1. why are the notes significant for understanding an organizations financial statement?2. what types of
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