Maxwell tax planning service bought communications equipment for $ 10 comma 800 on january 1, 2019. the equipment has an estimated useful life of five years and zero residual value. maxwell uses the straightminusline method to calculate depreciation and records depreciation expense in the books at the end of each month. as of june 30, 2019, the balance in the accumulated depreciation account for this equipment is

True or false: banks are required to make electronically deposited funds available on the same day of the deposit

Diversified semiconductors sells perishable electronic components. some must be shipped and stored in reusable protective containers. customers pay a deposit for each container received. the deposit is equal to the container’s cost. they receive a refund when the container is returned. during 2018, deposits collected on containers shipped were $856,000. deposits are forfeited if containers are not returned within 18 months. containers held by customers at january 1, 2018, represented deposits of $587,000. in 2018, $811,000 was refunded and deposits forfeited were $41,000. required: 1. prepare the appropriate journal entries for the deposits received and returned during 2018. 2. determine the liability for refundable deposits to be reported on the december 31, 2018, balance sheet.

Parks corporation is considering an investment proposal in which a working capital investment of $10,000 would be required. the investment would provide cash inflows of $2,000 per year for six years. the working capital would be released for use elsewhere when the project is completed. if the company's discount rate is 10%, the investment's net present value is closest to (ignore income taxes) ?