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Marigold Corp., which has a calendar year accounting period, purchased a new machine for $94500 on April 1, 2013. At that time Marigold expected to use the machine for nine years and then sell it for $9450. The machine was sold for $50500 on Sept. 30, 2018. Assuming straight-line depreciation, no depreciation in the year of acquisition, and a full year of depreciation in the year of retirement, the gain to be recognized at the time of sale would be
$3250.
$9450.
$0.
$5250.
On January 1, 2011, Marigold Corp. purchased equipment at a cost of $395000. The equipment was estimated to have a salvage value of $8000 and it is being depreciated over eight years under the sum-of-the-years'-digits method. What should be the charge for depreciation of this equipment for the year ended December 31, 2018?
$10972
$10750
$49375
$48375
sweeny co. is preparing a cash budget for the second quarter of the coming year. the following data have been
1.on september 10 2010 an investor purchased 1000 shares of melon corporation for 10000. on july 2 2011 the stock
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ACC5213 Management Accounting with a Strategic Perspective Assignment. Calculate the profitability of the three products in the pilot study, using the traditional method of cost allocation. (Show workings). Calculate the profitability of the three p..
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