4 Use the following to calculate pretax income (IBT): $. 5,000 Sales revenue 4,000 Cost of...
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4 Use the following to calculate pretax income (IBT): $. 5,000 Sales revenue 4,000 Cost of goods sold 14,000 Salaries expense 5,000 Rent expense 2$ 175,000 85,000 Interest revenue $ 300,000 Income tax expense Selling expenses Utilities expense 6,000 The company purchased new equipment at the beginning of year 1 for $300,000. Management estimated they would use the equipment for 4 years and when they were done using it they estimated the residual value would be $30,000. What is the equipment's book value at the end of year 3 assuming the company uses straight-line deprecation? $ 4 Use the following to calculate pretax income (IBT): $. 5,000 Sales revenue 4,000 Cost of goods sold 14,000 Salaries expense 5,000 Rent expense 2$ 175,000 85,000 Interest revenue $ 300,000 Income tax expense Selling expenses Utilities expense 6,000 The company purchased new equipment at the beginning of year 1 for $300,000. Management estimated they would use the equipment for 4 years and when they were done using it they estimated the residual value would be $30,000. What is the equipment's book value at the end of year 3 assuming the company uses straight-line deprecation? $
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Rent Ex pense 6000 4 Calculation of Pre tar Income Particula... View the full answer
Related Book For
Management and Cost Accounting
ISBN: 978-1292063461
6th edition
Authors: Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
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