Accounting hk help please A.S.A.P?

Answers:0   |   LastUpdateAt:2012-09-03 07:42:03  

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Allissa
Asked at 2012-09-03 07:42:03
Each team member will receive an internship this summer in the Finance Office from a local manufacturer. Only one will be offered a full time position management. The candidate selection is based on the quality of the decisions made in the ability to practice. The task in this project is to perform calculations based on quantitative material. Must work together to quickly sense of the data provided. However, each team member is expected to submit his / her own calculations. This is a time limited project, so they must work together to organize the data, however, the calculations must be individual. MedlinePlus MedlinePlus SITUATION: MedlinePlus The Phillips manufacturing company makes an exciting new product in its factory a year old and needs to expand its capacity to meet the demand for their product. Phillips effectively doubles property, plant and equipment. Favorable financial statements also need to get a business loan for his new team and are concerned about the possible effects, both in the Income Statement and Balance Sheet. Phillips initially decided to use the double declining balance method of depreciation of their equipment. He has provided the following information: MedlinePlus MedlinePlus Property, plant and equipment (currently) $ 10,000,000 MedlinePlus Accumulated depreciation (currently) $ 1,000,000 MedlinePlus Age of old equipment in years 1
The life of old equipment in the 20
MedlinePlus New team proposed: MedlinePlus MedlinePlus sale price of $ 9,000,000 equipment Sales tax 630,000 MedlinePlus Shipping costs 100,000 MedlinePlus MedlinePlus 100000 Installation Insurance for sending 30,000 MedlinePlus Modification of the factory for the new MedlinePlus MedlinePlus 140,000 Equipment Life Expectancy at Age 20 MedlinePlus Salvage value none MedlinePlus MedlinePlus 1. Calculate the cost at which the new equipment should be capitalized.
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