On January 1, 2011, Barton Sinks purchased a metal-bending machine for $4,000,000 with an expected useful life of 10 years with no residual value. The machine is depreciated on a straight-line basis. On January 1, 2016, the company overhauled the machine at a cost of $1,000,000. This extended the expected useful life by 3 years? What is depreciation expense on the machine for 2016, still assuming
zero residual value?
A) ?$600,000
B) ?$525,000
C) ?$500,000
D) ?$375,000
D
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A company's retained earnings on December 31, 2018 was $2,190,000 and its shareholders' equity was $8,760,000. During 2019 the company reported the following: Net income $225,000 A sale of treasury stock costing $75,000 for $79,750 A treasury stock purchase costing $125,700 A cash dividend declaration of $73,200 A 10,000 share "small" common stock ($10 par value) dividend was declared and distributed when the market value was $12.75 per share. What is the retained earnings balance on December 31, 2019?
A. $2,246,550 B. $2,219,050 C. $2,216,100 D. $1,994,050
Internal fit, when concerning product design, involves?
a. Condition of the market b. Desires of customers c. Operational capabilities/policies of the firm d. Pricing strategies
The middle step in the word processing cycle involves revision
Indicate whether the statement is true or false.
You forgot to type both ____ with your in-text citation
A) parenthesis B) parentheses C) parenthesi