b) Calculate the amount of depreciation expense that Thao should
record for Machine B each year of its useful life under the following
assumptions.............
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ACC 557 Week 6 Chapter 10 (E10-9, E10-12, E10-15, P10-
1A)
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ACC 557 Week 6 Chapter 10 (E10-9, E10-12, E10-15, P10-1A)
E10-9: Global Airlines is considering two alternatives for the
financing of a purchase of a fleet of airplanes. These two alternatives
are: ............
It is estimated that the company will earn $800,000 before interest and
taxes as a result of this purchase. The company has an estimated tax
rate of 30% and has 90,000 shares of common stock outstanding prior
to the new financing.
Determine the effect on net income and earnings per share for these
two methods of financing. ............
E10-12: Pueblo Company issued $300,000 of 5-year, 8% bonds
at 98 on January 1, 2014. The bonds pay interest twice a year.
a)
Prepare the journal entry to record the issuance of the bonds.
............