For each item listed below, explain how the data can be useful to a company when managing and reporting information about its liabilities and assets.

1. 1. 1. The assembly line in the manufacturing plant consists of 10 machines, all of which have the same useful life and no residual value. New data received indicate that three of the machines on the assembly line are used 40% less than the other machines. What decisions should be made with this new information?

   2. 2. Data received indicate that one machine on the assembly line has significantly more repairs than any of the other machines. What decisions should be made with this new information?

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Answer rating: 100% (QA)

Step 1 Liabilities refer to the obligations of the company which needs to be disposed of it is the a... View the full answer