Business, 16.07.2019 00:40 lnbrown5633
On march 31, 2018, susquehanna insurance purchased an office building for $13,800,000. based on their relative fair values, one-third of the purchase price was allocated to the land and two-thirds to the building. furniture and fixtures were purchased separately from office equipment on the same date for $1,260,000 and $760,000, respectively. the company uses the straight-line method to depreciate its buildings and the double-declining-balance method to depreciate all other depreciable assets. the estimated useful lives and residual values of these assets are as follows: | service life | residual valuebuilding | 30 | 10% of costfurniture and fixtures | 10 | 10% of costoffice equipment | 5 | $30,000required: calculate depreciation for 2018 and 2019.
Answers: 2
Business, 21.06.2019 20:30
He management's discussion and analysis (md& a) required in general purpose federal financial reporting is different than that required by gasb of state and local governments in that: a. it includes information about the agency's performance goals and results in addition to financial activities. b. it is outside the general purpose federal financial report and is optional, not required. c. it is a part of the basic financial statements and, as a result, it is audited along with the financial statements. d. there are no significant differences.
Answers: 2
Business, 21.06.2019 21:40
Prior to its closing, income summary had total debits of $1,190,500 and total credits of $1,476,300. what purpose is served by the income summary account and what is the nature of the entries that resulted in the $1,190,500 and the $1,476,300? the income summary account is used to the accounts. the $1,190,500 represents the , and the $1,476,300 represents . the company had of $ .
Answers: 1
Business, 21.06.2019 22:30
Quantitative problem: you need $20,000 to purchase a used car. your wealthy uncle is willing to lend you the money as an amortized loan. he would like you to make annual payments for 4 years, with the first payment to be made one year from today. he requires a 8% annual return. what will be your annual loan payments? round your answer to the nearest cent. do not round intermediate calculations. $ how much of your first payment will be applied to interest and to principal repayment? round your answer to the nearest cent. do not round intermediate calculations. interest: $ principal repayment
Answers: 1
Business, 22.06.2019 01:00
Which type of data is generally stored in different file formats, such as text files, spreadsheets, and so on?
Answers: 3
On march 31, 2018, susquehanna insurance purchased an office building for $13,800,000. based on thei...
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