Business, 10.12.2019 00:31, codycoker4200
Highsmith rental company purchased an apartment building early in 2021. there are 25 apartments in the building and each is furnished with major kitchen appliances. the company has decided to use the group depreciation method for the appliances. the following data are available: appliance cost residual value service life (in years) stoves $ 21,000 $ 3,000 6 refrigerators 16,000 4,000 5 dishwashers 14,000 3,000 4 in 2024, two new refrigerators costing $3,000 were purchased for cash. in that same year, the old refrigerators, which originally cost $2,100, were sold for $500. required: 1. calculate the group depreciation rate, group life, and depreciation for 2021. 2. prepare the journal entries to record the purchase of the new refrigerators and the sale of the old refrigerators.
Answers: 3
Business, 22.06.2019 02:00, mckinley2006
What is an example of a good stock to buy in a recession? a) cyclical stock b) defensive stock c) income stock d) bond
Answers: 1
Business, 22.06.2019 12:10, lucyamine0
Compute the cost of not taking the following cash discounts. (use a 360-day year. do not round intermediate calculations. input your final answers as a percent rounded to 2 decimal places.)
Answers: 1
Business, 22.06.2019 20:20, dd123984
Levine inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. direct materials (9 pounds at $1.80 per pound) $16.20 direct labor (6 hours at $14.00 per hour) $84.00 during the month of april, the company manufactures 270 units and incurs the following actual costs. direct materials purchased and used (2,500 pounds) $5,000 direct labor (1,660 hours) $22,908 compute the total, price, and quantity variances for materials and labor.
Answers: 2
Highsmith rental company purchased an apartment building early in 2021. there are 25 apartments in t...
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