Four years ago omega technology, inc., acquired a machine to use in its computer chip manufacturing operations at a cost of $35,000,000. the firm expected the machine to have a seven-year useful life and a zero salvage value. the company has been using straight-line depreciation for the asset. due to the rapid rate of technological change in the industry, at the end of year 4, omega estimates that the machine is capable of generating (undiscounted) future cash flows of $11,000,000. based on the quoted market prices of similar assets, omega estimates the machine to have a fair value of $9,500,000.required: 1. what is the machine’s book value at the end of year 4? 2. should omega recognize an impairment of this asset? why or why not? if so, what amount of the impairment loss should be recognized? 3. at the end of year 4, at what amount should the machine appear in omega’s balance sheet?

Processors can be or which is an indicator of how much data the processors can handle at a given point in time, with the processor being more powerful.

The cutting department of cassel company has the following production and cost data for july. production costs 1. transferred out 12,300 units. beginning work in process $0 2. started 3,900 units that are 60% materials 62,856 complete as to conversion labor 12,622 costs and 100% complete as manufacturing overhead 23,100 to materials at july 31. materials are entered at the beginning of the process. conversion costs are incurred uniformly during the process. determine the equivalent units of production for (1) materials and (2) conversion costs. materials conversion costs total equivalent units of production link to text link to text compute unit costs. (round unit costs to 2 decimal places, e.g. 2.25.) materials $ conversion costs $ link to text link to text prepare a cost reconciliation schedule. (round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 1,225.) cost reconciliation costs accounted for transferred out $ work in process, july 31 materials $ conversion costs total costs $

The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.