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Q. What is Asset cost and Estimated residual value?
Asset cost: The asset cost is the sum that a company paid to purchase the depreciable asset.
Estimated residual value: The estimated residual value (scrap value) is the sum that the company can probably sell the asset for at the end of its estimated useful life.
Why to and by using in journal, trading a/c, p&l a/c and ledger?
Q. Film and television costs- accounting policies? Film as well as television production and participation costs are expensed based on the ratio of the current period's gross r
The beginning capital of the business totals $4,000. If the net income for the period totals $14,000 and the withdrawals by the owner total $3,000, what will be the new capital b
i have an assignment fro perdisco platform managing general entries of basic accounts will u guys be able to help with it
what is journal entry
on which shares pre acquisiton dividend received
Assignment Comments – Debt-to-assets ratio: 50% Current Ratio: 1.8x Total assets turnover: 1.5x Days sales outstanding: 36.5 days* Gross profit margin
Q. Advantage of a pre-inventory sale? Have you still taken advantage of a pre-inventory sale at your favourite retail store Many stores offer bargain prices to decrease the mer
On January 1, 2012, Muller Co. borrowed cash from Washington Valley Bank by issuing a $100,000 face value 3-year installment note payable that carried a 7% interest rate. The note
In recent years, there has been a lot of media coverage about the funding status of pension plans for state employees. In many states, the amount of money invested in employee pens
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