1. 2. 3. In 2018, Internal auditors discovered that Fay, Inc., had debited an expense account for the $3,900,000 cost...

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1. In 2018, Internal auditors discovered that Fay, Inc., had debited an expense account for the $3,900,000 cost of a machine pur

2. Berkshire Inc. uses a periodic Inventory system. At the end of 2017, It missed counting some Inventory Items, resulting in an

3. In 2018, due to a change in marketing forecasts, Barney Corporation reduced the projected life of its patent for producing ro

business accounting

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Answer 1

Answer #1

Annual depreciation is = (Cost - Salvage value)/Life Annual depreciation is = (3900000-0)/20 Annual depreciation is = $ 195,0

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Answer 2

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1. 2. 3. In 2018, Internal auditors discovered that Fay, Inc., had debited an expense account for the $3,900,000 cost...

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In 2021, internal auditors discovered that PKE Displays, Inc. had debited an expense account for the...

In 2021, internal auditors discovered that PKE Displays, Inc. had debited an expense account for the...

In 2018, internal auditors discovered that PKE Displays, Inc., had debited an expense account for the $264,000 cost of a...

In 2018, Internal auditors discovered that PKE Displays, Inc., had debited an expense account for the...

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1. 2. In the previous year, a firm failed to record premium amortization of $41,900 and...

Problem 20-14 Errors; change in estimate; change in principle; restatement of previous financial statements [LO 20-1,...

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1. 2. 3. In 2018, Internal auditors discovered that Fay, Inc., had debited an expense account for the $3,900,000 cost...

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