Business, 14.04.2020 18:33 alexmoramedina
When originally purchased, a vehicle had an estimated useful life of 12 years. The vehicle cost $47,000 and its estimated residual value is $2,000. After 3 years of straight-line depreciation, the asset’s total estimated useful life was revised from 12 years to 10 years and there was no change in the estimated residual value.
Required:
1. The Depreciation Expense in year 4 is .
a. $7$7
b. $4,225
c. $4,821
d. $4,500
Answers: 3
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At december 31, 2016, pina corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,810 shares $10,781,000 common stock, $5 par, 4,026,000 shares 20,130,000 during 2017, pina did not issue any additional common stock. the following also occurred during 2017. income from continuing operations before taxes $21,950,000 discontinued operations (loss before taxes) $3,505,000 preferred dividends declared $1,078,100 common dividends declared $2,300,000 effective tax rate 35 % compute earnings per share data as it should appear in the 2017 income statement of pina corporation
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Business, 23.06.2019 00:30
In a recent annual report, apple computer reported the following in one of its disclosure notes: "warranty expense: the company provides currently for the estimated cost for product warranties at the time the related revenue is recognized." this note exemplifies apple's use of: (a) conservatism.(b) matching. (c) realization principle. (d) economic entity.
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Business, 23.06.2019 00:30
Three years ago, the city of recker committed to build a park and music venue by the river. it was expected to cost $2.5 million and be paid for from an additional meals tax in the community. the residents pushed back. local restaurants suffered as people ate out less or patronized restaurants in neighboring communities. the project has stalled, but the town council kept pushing it on. this spring, a flood devastated the venue. the town council appears to have suffered from bias
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When originally purchased, a vehicle had an estimated useful life of 12 years. The vehicle cost $47,...
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