Required information [The following information applies to the questions displayed below.] While completing undergraduate school work in information systems, Dallin Bourne and Michael Banks decided to start a technology support company called eSys Answers. During year 1, they bought the following assets and incurred the following start-up fees: Year 1 Assets Computers (5-year) Office equipment (7-year) Furniture (7-year) Start-up costs Year 2 Assets Purchase Date October 30, Year 1 October 30, Year 1 October 30, Year 1 October 30, Year 1 In April of year 2, they decided to purchase a customer list from a company providing virtually the same services, started by fellow information systems students preparing to graduate. The customer list cost $12,520, and the sale was completed on April 30. During their summer break, Dallin and Michael passed on internship opportunities in an attempt to really grow their business into something they could do full time after graduation. In the summer, they purchased a small van (for transportation, not considered a luxury auto) and a pinball machine (to help attract new employees). They bought the van on June 15, Year 2, for $29,000 and spent $4,400 getting it ready to put into service. The pinball machine cost $5,400 an was placed in service on July 1, Year 2. Van Pinball machine (7-year) Customer list Basis $16,400 10,000 5,800 19,520 Purchase Date June 15, Year 2 July 1, Year 2 April 30, Year 2 Basis $ 33,400 5,400 12,520 Assume that eSys Answers does not claim any §179 expense or bonus depreciation. (Use MACRS Table 1, Table 2, Table 3 Table 4 and Table 5.) (Round your intermediate calculations and final answers to the nearest whole dollar amount.)

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Required information [The following information applies to the questions displayed below.] At the beginning of the year, Plummer's Sports Center bought three used fitness machines from Primo Fitness, an established supplier of used, new and refurbished gym equipment in Southern California. The machines immediately were overhauled and started operating. The machines were different; therefore, each had to be recorded separately in the accounts. Invoice price paid for asset Shipping costs (paid by Plummer) Renovation costs prior to use Machine A B C By the end of the first year, each machine had been operating 4,800 hours. 2. Prepare the entry to record depreciation expense at the end of Year 1, assuming the following. Note: Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Life 5 years 60,000 hours 4 years ESTIMATES Journal entry worksheet

Can I please ge thelp with this question? Required information Skip to question   [The following information applies to the questions displayed below.] Franklin Training Services (FTS) provides instruction on the use of computer software for the employees of its corporate clients. It offers courses in the clients’ offices on the clients’ equipment. The only major expense FTS incurs is instructor salaries; it pays instructors $6,000 per course taught. FTS recently agreed to offer a course of instruction to the employees of Novak Incorporated at a price of $700 per student. Novak estimated that 20 students would attend the course. Base your answers on the preceding information.   The instructor has offered to teach the course for a percentage of tuition fees. Specifically, the instructor wants $300 per person attending the class. Assume that the tuition fee remains at $700 per student. Is the cost of instruction a fixed or a variable cost? Determine the profit, assuming that 20…

Luisa Crimini has been operating a beauty shop in a college town for the past 10 years. Recently, Luisa rented space next to her shop and opened a tanning salon. She anticipated that the costs for the tanning service would primarily be fixed, but found that tanning salon costs increased with the number of appointments. Costs for this service over the past 8 months are as follows: Month   TanningAppointments   Total Cost January   1,600     $1,754 February   2,000     2,140 March   3,500     2,790 April   2,500     2,400 May   1,500     1,790 June   2,300     2,275 July   2,150     2,200 August   3,000     2,640   Required: 1.  Which month represents the high point? The low point? High point   Low point   2.  Using the high-low method, compute the variable rate for tanning. Compute the fixed cost per month. Round the variable rate per tanning appointment to the nearest cent. Variable rate for tanning $fill in the blank 3 per tanning appointment…

(Learning Objectives 3, 4: Compute depreciation; record a gain or loss on disposal)On January 1, 2017, Stockton Manufacturing purchased a machine for $910,000. The companyexpected the machine to remain useful for eight years and to have a residual value of $80,000.Stockton Manufacturing uses the straight-line method to depreciate its machinery. StocktonManufacturing used the machine for four years and sold it on January 1, 2021, for $350,000.1. Compute accumulated depreciation on the machine at January 1, 2021 (same as December 31,2020).2. Record the sale of the machine on January 1, 2021

Pick one answer: Brian is trying to analyze his income and expenses for the past week. He comes across an invoice from the local parts store for a circuit board for a Carrier furnace. He knows he needed the part to fix Mrs. Crow's furnace last week. What type of an expense is the circuit board? Indirect expense Direct Expense Fixed expense Overhead expense

The following data are accumulated by Geddes Company in evaluating the purchase of $120,000 of equipment, having a four-year useful life: Net Income Net Cash Flow Year 1 $49,500 $79,500 Year 2 29,000 59,000 Year 3 16,500 46,500 Year 4 6,500 36,500 This information has been collected in the Microsaft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. K) Open spreadsheet a. Assuming that the desired rate of return is 15%, determine the net present value for the proposal. If required, round to the nearest dollac. Net present value b. Would management be likely to look with favor on the propesal? the net present value indicates that the return on the proposal is than the minimum desired rate of retum of 15%

Delta is a carpenter who purchases her own tools for work. She purchased the following items during the financial year. 10/03/2023 Band Saw (Effective Life Rate: 12 years) $1,210 80% work purposes 30/09/2022 Bench Drill (Effective Life Rate: 12 years) $450 100% work purposes 15/04/2023 Table Saw (Effective Life Rate: 10 years) $300 100% work purposes 10/06/2023 Laptop (Effective Life Rate: 2 years) $990 80% work purposes She has an existing low value pool which had a closing balance of $1,965 at the end of the 2022 financial year. Calculate the closing balance of Delta's low value pool for the 2023 financial year. A. $2, 237 B $0 C. $2,702 D. $2,561

answer with narrations explanation computation for each entry for each parts clearly and completely answer in text form