Explain the book value of the equipment at december
On January 1, 2010, M. Johnson Company purchased equipment for $30,000. The company is depreciating the equipment at the rate of $500 per month. The book value of the equipment at December 31, 2010 is?
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On January 1, 2010, M. Johnson Company purchased equipment for $30,000. The company is depreciating the equipment at the rate of $500 per month. The book value of the equipment at December 31, 2010 is:
oya Corporation produces 200,000 watches that it sold for 16 each during 2012. The company determined that fixed manfacturing cost per unit was 7 per watch. The company reported a 800,000 gross margin on its 2011 financial statements.
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A copy machine acquired on March 1, 2011, with a cost of $705 has an estimated useful life of 4 years. Assuming that it will have a residual value of $125,
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