Determine the depreciation using straight-line methods
Computer equipment was acquired at the beginning of the year at a cost of $53,440.00 that has an estimated residual value of $2,016.00 and an estimated useful life of 3 years. Determine the 2nd year's depreciation using straight-line depreciation.
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For each of the following situations, explain how risk of material misstatement should be assessed and what effect that assessment will have on detection risk.
In 2011, Rose, Inc., has QPAI of $4 million and taxable income of $3 million. Rose pays independent contractors $500,000. Rose's W-2 wages are $600,000, but only $400,000 of the wages are paid to employees engaged in qualified domestic production
Rhonda Brennan found her first job after graduating from college through the classifieds of the Miami Herald. She was delighted when the offer came through at $18.50 per hour.
Jacob is an employee and used the computer 100% of the time in his employment. Although his homeowner's insurance policy paid Jacob $7,000 for the stolen computer, Jacob's employer did not reimburse Jacob for any of the remainder of his loss.
If a company pays a dividend of 1.15 and the dividends are expected to grow at 20% over the next five years. In five years, the estimate payout ratio is 40% and the benchmark PE ratio is 21.
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A machine with a cost of $51,919.00 has an estimated residual value of $3,351.00 and an estimated life of 5 years or 16,699 hours. What is the amount of depreciation for the second full year, using the double declining-balance method ?
Consider the production cost information for Santiago's Salsa. The company is currently producing and selling 250,000 jars of salsa annually. The jars sell for $4.00 each.
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