Business, 23.04.2020 19:58, adjjones2011
After recording depreciation for the current year, Media Mania Incorporated decided to discontinue using its printing equipment. The equipment had cost $750,000, accumulated depreciation was $550,000, and its fair value (based on estimated future cash flows from selling the equipment) was $50,000.
Determine whether the equipment is impaired.
Prepare the journal entries to record the impairment in asset if any.
Record the entry to remove accumulated depreciation.
Record the impairment loss.
Answers: 2
Business, 21.06.2019 13:30, jsmith4184
Paccar's current stock price is $75.10 and it is likely to pay a $3.29 dividend next year. since analysts estimate paccar will have a 14.2 percent growth rate, what is its required return? multiple choice 15.39 percent 17.94 percent 19.62 percent 18.58 percent
Answers: 3
Business, 22.06.2019 06:30, silas99
Selected data for stick’s design are given as of december 31, year 1 and year 2 (rounded to the nearest hundredth). year 2 year 1 net credit sales $25,000 $30,000 cost of goods sold 16,000 18,000 net income 2,000 2,800 cash 5,000 900 accounts receivable 3,000 2,000 inventory 2,000 3,600 current liabilities 6,000 5,000 compute the following: 1. current ratio for year 2 2. acid-test ratio for year 2 3. accounts receivable turnover for year 2 4. average collection period for year 2 5. inventory turnover for year 2
Answers: 2
Business, 22.06.2019 18:50, jordendoctorwho
)a business incurs the following costs per unit: labor $125/unit, materials $45/unit, and rent $250,000/month. if the firm produces 1,000,000 units a month, calculate the following: a. total variable costs b. total fixed costs c. total costs
Answers: 1
After recording depreciation for the current year, Media Mania Incorporated decided to discontinue u...
Health, 07.11.2020 22:40
Mathematics, 07.11.2020 22:40
Mathematics, 07.11.2020 22:40
Geography, 07.11.2020 22:40
English, 07.11.2020 22:40
Mathematics, 07.11.2020 22:40