Entries by Munene david

Adelphi Company purchased a machine on January 1, 2017, for $60,000.

May 4, 2020 in /by

Adelphi Company purchased a machine on January 1, 2017, for $60,000.  The machine was estimated to have a service life of ten years with an estimated residual value of $5,000.  Adelphi sold the machine on January 1, 2021 for $20,000. Adelphi uses the double declining method for depreciation. Using this information, how much is the gain or (loss) for […]

 

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Using the firm that you work for (or if you are not working,

May 4, 2020 in /by

Using the firm that you work for (or if you are not working, use a firm that you used to work for or a firm that you are familiar with), describe at least two features needed in the AIS application that will enhance your firm’s abilities.   Looking for a Similar Assignment? Order now and […]

 

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Jim Graham Integrated Services uses a standard cost system

May 4, 2020 in /by

Jim Graham Integrated Services uses a standard cost system, and calculates and records variances related to direct materials and direct labor. The following information was available for March: Purchases of raw materials – actual cost  $100,000 Purchases of raw materials – standard cost   $105,000 All of the purchased raw material was transferred to work in process. […]

 

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Part A)On August 1, 2016, Alpha Company entered into a capital

May 4, 2020 in /by

Part A)<br/>On August 1, 2016, Alpha Company entered into a capital lease, and correctly recorded the leased asset, and related obligation at $50,000.  The annual interest rate implicit in the lease was 6%, and the first lease payment of $2,000 is due at the end of each month of the lease.  Use this information to make an […]

 

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