Business, 09.11.2019 07:31 ronaldotheexplorer12
Pea company purchased 70 percent of split company’s stock approximately 20 years ago. on december 31, 20x8, pea purchased a building from split for $300,000. split had purchased the building on january 1, 20x1, at a cost of $400,000 and used straight-line depreciation on an expected life of 20 years. the asset’s total estimated economic life is unchanged as a result of the intercompany sale.
required :
a. what amount of depreciation expense on the building will pea report for 20x8?
b. what amount of depreciation expense would split have reoportedfor 20x8 if it had continued to own the building?
Answers: 3
Business, 22.06.2019 15:50
Singer and mcmann are partners in a business. singer’s original capital was $40,000 and mcmann’s was $60,000. they agree to salaries of $12,000 and $18,000 for singer and mcmann respectively and 10% interest on original capital. if they agree to share remaining profits and losses on a 3: 2 ratio, what will mcmann’s share of the income be if the income for the year was $15,000?
Answers: 1
Business, 22.06.2019 16:40
Shawn received an e-mail offering a great deal on music, movie, and game downloads. he has never heard of the company, and the e-mail address and company name do not match. what should shawn do?
Answers: 2
Business, 22.06.2019 23:40
Four key marketing decision variables are price (p), advertising (a), transportation (t), and product quality (q). consumer demand (d) is influenced by these variables. the simplest model for describing demand in terms of these variables is: d = k – pp + aa + tt + qq where k, p, a, t, and q are constants. discuss the assumptions of this model. specifically, how does each variable affect demand? how do the variables influence each other? what limitations might this model have? how can it be improved?
Answers: 2
Pea company purchased 70 percent of split company’s stock approximately 20 years ago. on december 31...
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