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Business, 21.10.2020 16:01, nekathadon
M Corp. has an employee benefit plan for compensated absences that gives each employee 15 paid vacation days. Vacation days can be carried over indefinitely. Employees can elect to receive payment in lieu of vacation days. At December 31, 2021, M's unadjusted balance of liability for compensated absences was $32,400. M estimated that there were 200 total vacation days available at December 31, 2021. M's employees earn an average of $162 per day. In its December 31, 2021, balance sheet, what amount of liability for compensated absences is M required to report
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Business, 21.06.2019 22:20, abdulalghazouli
Amachine purchased three years ago for $720,000 has a current book value using straight-line depreciation of $400,000: its operating expenses are $60,000 per year. a replacement machine would cost $480,000, have a useful life of nine years, and would require $26,000 per year in operating expenses. it has an expected salvage value of $130,000 after nine years. the current disposal value of the old machine is $170,000: if it is kept 9 more years, its residual value would be $20,000. calculate the total costs in keeping the old machine and purchase a new machine. should the old machine be replaced?
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