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Robertson inc bought a machine on January 1 ,2002 for $ 400000. The machine had an expected life of 20 years and was expected to have a salvage value of $ 40000. In july 1, 2012 the company review the potential of the machine and determined that its undiscounted future net cash flows totaled $200000 and its discounted future net cash flows totaled $ 140000. If no active market exists for the machine and the company does not plan to dispose of it what should Robertson record as an impairment loss on july 1 2012?
MoviesPlus, Inc. is in its third year of business. The company offers DVD rental to online customers for a fixed monthly fee.
A total of 35 percent of this inventory was not sold to outsiders until 2013. In 2012, Bellgrade reported cost of goods of $380,000 while Hansen reported $210,000 What is consolidated cost of goods sold in 2010?
Calculate the return on equity from the data and Henry's return on common stockholder's equity, rounded to the nearest percentage point
Assume that a company sold a delivery van that had been used in the business for three years. Records of the company related to the van reflect the following.
What is the inventory turnover for 2010? Ilustrate what is the accounts receivable turnover for 2010?
calculation of applied manufacturing overhead based on direct labor hour rate.1. baka corporation applies manufacturing
comparative income statements at various capacity levels.analysis of income effects of additional business l.o. c1 a1
An accountant friend of your tell you that he "almost never" does any tax research because he believes that "research usually reveals that some tax planning idea has already been thought up and shot down".
students who study accounting are expected to be aware of current events that impact upon the profession and be able to
Compute the amount of realized gross profit to be recognized on the 2011 income statement, prepared using the installment-sales method and compute the amount of realized gross profit to be recognized on the income statement, prepared using the cos..
What are Amy's bases in the land and her partnership interest after distribution?
question 1. on 1st july 2012 the crocus company started construction of a new manufacturing plant. the plant was
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