Business, 05.05.2020 08:42, jahayla4life

On January 1, 2019, Oriole Corporation acquired machinery at a cost of $1550000. Oriole adopted the straight-line method of depreciation for this machine and had been recording depreciation over an estimated life of ten years, with no residual value. At the beginning of 2022, a decision was made to change to the double-declining balance method of depreciation for this machine. Assuming a 40% tax rate, the cumulative effect of this accounting change on beginning retained earnings, is

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 12:50, 20170020

Kyle and alyssa paid $1,000 and $4,000 in qualifying expenses for their two daughters jane and jill, respectively, to attend the university of california. jane is a sophomore and jill is a freshman. kyle and alyssa's agi is $135,000 and they file a joint return. what is their allowable american opportunity tax credit after the credit phase-out based on agi is taken into account?

Answers: 1

continue

Business, 22.06.2019 16:50, kaywendel2008

Atrough in the business cycle occurs when

Answers: 1

continue

Business, 23.06.2019 01:30, stranger123

At the end of the fiscal year, apha airlines has an outstanding non-cancellable purchase commitment for the purchase of 1 million gallons of jet fuel at a price of $4.10 per gallon for delivery during the coming summer. the company prices its inventory at the lower of cost or market. if the market price for jet fuel at the end of the year is $4.50, how would this situation be reflected in the annual financial statements?

Answers: 2

continue

Business, 23.06.2019 06:10, superfly903

Which steps would you take to determine how much an employee should be paid? select all that apply. determine the number of hours the employee was scheduled to work. determine the number of hours the employee worked. determine whether the employee worked overtime hours. determine whether any of the days worked are holidays that receive holiday overtime payment rates. determine the hourly rate this employee earns. determine whether this is a new employee.

Answers: 1

continue

Do you know the correct answer?

On January 1, 2019, Oriole Corporation acquired machinery at a cost of $1550000. Oriole adopted the...