
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Qw.11

Transcribed Image Text:Vaughn Manufacturing is considering the replacement of a piece of equipment with a newer model. The following data has been
collected:
Purchase price
Accumulated depreciation
Annual operating costs
Old Equipment New Equipment
$220000
$378000
110000
307000
O $66000
O $110000
O $312000
O $378000
-0-
245000
If the old equipment is replaced now, it can be sold for $66000. Both the old equipment's remaining useful life and the new
equipment's useful life is 5 years.
Which of the following amounts is irrelevant to the replacement decision?
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- What is the solution to 0.5x - 2 < 5.5? O A. X < 7 о В. х< 9 С. X < 13 D. x < 15arrow_forwardZina Manufacturing Company started and completed Job 501 in December with the following Job Cost Sheet and transferred it to the warehouse. Direct Materials Date Dec 17 Dec 30 Total Direct Labor Amount Date Amount $2,000 Dec 20 $4,000 8,000 Dec 30 3,800 Total Job Cost Sheet - Job No. 501 Total Cost The journal entry to record the transaction is A) WIP Inventory FG Inventory B) Cost of Goods Sold WIP Inventory C) FG Inventory WIP Inventory D) FG Inventory WIP Inventory Debit Credit 35,800 17,800 17,800 Manufacturing Overhead Date Amount Dec 24 $10,000 Dec 30 8,000 Total 35,800 35,800 17,800 17,800 35,800arrow_forwardquestion G and f.arrow_forward
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