Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $ 43,500. The machine’s useful life is estimated at 10 years, or 385,000 units of product, with a $ 5,000 salvage value. During its second year, the machine produces 32,500 units of product. Determine the machine’s second- year depreciation under the straight- line method.
Answer to relevant QuestionsTeams are to select an industry, and each team member is to select a different company in that industry. Each team member is to acquire the financial statements (Form 10-K) of the company selected—see the company’s ...Refer to Polaris’ annual report in Appendix A. Is there any indication that Polaris has issued long-term debt?Jules and Johnson are partners, each with $ 40,000 in their partnership capital accounts. Kwon is admitted to the partnership by investing $ 40,000 cash. Make the entry to show Kwon’s admission to the partnership.Refer to the balance sheet of KTM in Appendix A. How can you tell that KTM uses the consolidated method of accounting? Use the following information for Tide Corporation to determine the 2012 and 2013 trend percents for net sales using 2012 as the baseyear.
Post your question