november 1‚ 2009 Broom company received a bank statement that showed a $2‚950 balance. Broom showed a $4‚010 checking account balance. The bank did not return the check No. 124 for $1‚080 and check No 138 for $720. A $3‚200 deposit made on October 30 was in transit. The bank charged Broom $12 for check printing and $18 for an NSF check. Broom forgot to record a $30 withdrawal at the ATM. The bank also collected a $400 note for Broom. Prepare a bank reconciliation. 2. Erasers costs $5 per carton and pencils
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Accounting Questions – Depreciation About http://www.HelpWithAssignment.com We are a bunch of talented and ambitious people from around the world. Our network spans 3 continents and several countries. This is necessary to service requests from different time zones. www.HelpWithAssignment.com has provided a platform for talented individuals to come together to help individuals do well in their assignments‚ homework‚ thesis‚ term papers and projects while earning a valuable side income. Question-
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Plant‚ and Equipment Property‚ plant‚ and equipment are stated at cost less accumulated depreciation and amortization. Depreciation is computed using the straight-line method over estimated useful lives of 10 to 40 years for buildings‚ 3 to 10 years for machinery and equipment‚ and 10 to 20 years‚ not to exceed the lease term‚ for leasehold improvements. Tools‚ dies‚ and molds are amortized using the straight-line method over 3 years. Estimated useful lives are periodically reviewed and‚ where appropriate
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ELEMENTS OF DEPRECIATION COMPUTATION Depreciation accounting may be defined as a systematic procedure for allocating the cost of a long-lived asset over its useful life. The determination of the depreciation expense of a period depends on three basic elements. These are: • Depreciation Base. The cost to be allocated over the period of use is known as the depreciation base. This consists of the initial purchase cost of the asset minus any salvage value expected at the time of retirement plus
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Memorandum To: From: Subject: Depreciation Value of your Special Purpose Machine Date: Congratulations on your purchase of this special purpose machine. With every purchase of a new machinery comes the depreciation value of the machine. In order to report the value of this machine‚ we first must figure out the total amount paid for your machine. It says here you purchased the machine for an invoice price of $1‚200‚000 and the freight cost was $6000 and the cost for installation was $64000. We
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their room can be a great way to increase sales. Many guests will turn down the offer but there are also some that would happily receive the offer. When generating a hotel sales strategy the heads of each department should be present for brainstorming. The lines of communication should be completely open for collaboration process to be the most effective. For instance‚ the hotel salon and restaurant could generate a marketing plan that will increase sales for both departments. Perhaps offering
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There is BUS 250 Week 4 Assignment Case Study Vidding - Free Expression or Copyright Piracy in this pack. Business - General Business Case Study: Vidding -- Free Expression or Copyright Piracy? Read Case Study Vidding -- Free Expression or Copyright Piracy? at the end of Chapter 13 in your text. In one to two pages‚ supported by evidence from your text and from other research‚ respond to the following questions: Using the ethical criteria introduced in Chapter 4 (utilitarianism
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exhibiting strange behavior; the employee committed suicide prior to the arrival of the police. What should Sam have done prior to the incident? Should the security officer have notified anyone about the employee’s strange behavior? What company policies do you think should be in place regarding situations similar to this? Explain your answer. I think that Sam should have stopped the man and talked to him‚ sometimes that’s all it takes to change a bad situation and prevent future
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---------------------------------------------------------CHAPTER 4. ASSETS IN A COMPANY EXERCISE 1 In order to run the business effectively‚ Enterprise X purchased a set of 4 computers by the beginning of Year N+1. Its purchasing price is 15 million VND per item (excluding VAT). The total transportation and testing cost is 5 million VND. Their estimated useful life is 5 years. Required: 1. You are asked to create a depreciation table for these equipments‚ using these following methods: a. Straight
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250 SAT words Page i About this book This book is a collection of exercises designed to help learners master Sparknotes’ selection of the 250 most difficult SAT words (http://www.sparknotes.com). All the sentences used in the practice questions are adapted from The Free Library (http://www.thefreelibrary.com/)‚ British National Corpus (http://www.natcorp.ox.ac.uk/)‚ Collin Cobuilds Advanced Learner’s Dictionary‚ Webster’s New World Essential Vocabulary (David A. Herzog)‚ and How to Prepare
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