Ways of depreciation treat as change in accounting principle
Question 1. Under what conditions is a change in the method of depreciation treated as a change in accounting principle?Question 2. What is the new codification(s) that answers this question?Question 3. Provide a real world example.
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Allocate the indirect headquarters costs to each division, first using square feet of space and then using segment margin as the allocation base. Calculate the division operating margins after each allocation in dollars as a percentage of revenue.
ABC Corporation has sales of $1,000,000, gross profit of $550,000, net income of $150,000, average total operating assets of $1,500,000 and fixed assets of $450,000. What is ABC's return on investment (ROI)?
1. Prepare an income statement using absorption costing. 2. Prepare an income statement using variable costing.
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Question 1. Under what conditions is a change in the method of depreciation treated as a change in accounting principle?
Q1. What is the minimum transfer price that would be acceptable to the Box Division? Q2. Assume that by selling the boxed internally, the Box Division would avoid 0.03 of variable costs. Should the internal transfer be accepted at 0.13 per box? Ex
East Company's manufacturing costs for 2008 are as follows: Direct materials $100,000 Direct labor $200,000 Depreciation of factory equipment $50,000 Other fixed manufacturing overhead $75,000 What amount should be considered product costs for ext
During the year the company manufactured 100,000 units and sold 80,000 units. If the average selling price per unit was $22.65 what is the company's contribution margin per unit?
Manufacturing costs consisted of direct labor, $30,000; direct materials, $32,000; variable manufacturing overhead, $3,600; fixed manufacturing overhead, $21,600. Selling and administrative costs totaled $24,000. What is PeeWee's net income using
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