People's clinic purchased a special machine for use in its laboratory on january 2, 2016. the machine cost $100,000 and was expected to last 10 years. its salvage value was estimated to be $6,000. by early 2018, it was evident that the machine will be useful for a total of only seven years. the salvage value after seven years was estimated to be $7,500. people's clinic uses straight-line depreciation. compute the proper depreciation expense on the machine for 2018.
depreciation expense for 2018; $

Paccar's current stock price is $75.10 and it is likely to pay a $3.29 dividend next year. since analysts estimate paccar will have a 14.2 percent growth rate, what is its required return? multiple choice 15.39 percent 17.94 percent 19.62 percent 18.58 percent

After testing its water, a city water department issues a report to the related citizens, noting what chemicals have been identified, their doses, and the estimated risks of exposure at these levels. this report represents a type of

Alpine west, inc., operates a downhill ski area near lake tahoe, california. an all-day, adult ticket can be purchased for $55. adult customers also can purchase a season pass that entitles the pass holder to ski any day during the season, which typically runs from december 1 through april 30. the season pass is nontransferable, and the $450 price is nonrefundable. alpine expects its season pass holders to use their passes equally throughout the season. the company’s fiscal year ends on december 31. on november 6, 2009, jake lawson purchased a season ticket. required: 1. when should alpine west recognize revenue from the sale of its season passes? 2. prepare the appropriate journal entries that alpine would record on november 6 and december 31. 3. what will be included in the 2009 income statement and 2009 balance sheet related to the sale of the season pass to jake lawson?