Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 27, 2024

Swify company purchased a computer software system for 7 4 , 7 5 0 on january 1 2 0 2 4 . It was depreciated

Swify company purchased a computer software system for

74, 750

on january

1 2024 .

It was depreciated based on a

7

year life with an

17, 700

salvage value. On january

1, 2025

y Swift revised these estimates to a total useful life of

4

years and salvage value of

9400

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Information Systems The Crossroads of Accounting & IT

Authors: Donna Kay, Ali Ovlia

2nd Edition

132991322, 978-0132991322

More Books

Students also viewed these Accounting questions

Question

★★★★★

A business has the following transactions: The business is started by receiving cash from an investor in exchange for common stock $20,000 The business purchases supplies on account $500 The...

Answered: 1 week ago

Question

★★★★★

A steel bar of thickness h is welded to a vertical support as shown in the figure. What is the shear stress in the throat of the welds due to the forceF? 100 kN 30 mm 5 mm 50 mm

Answered: 1 week ago

Question

★★★★★

5. "No one Who is risk-averse Will ever buy a security that has a lower expected return. more risk, and less iiquidity than another security." Is this State- ment true, false, or uncertain? Explain...

Answered: 1 week ago

Question

★★★★★

=+b) What are the upper and lower 3s control limits?

Answered: 1 week ago

Question

★★★★★

Diekmann Company, a U.S.-based company, acquired a 100 percent interest in Rakona A.S. in the Czech Republic on January 1, 2016, when the exchange rate for the Czech koruna (Ks) was $0.05. Rakona's...

Answered: 1 week ago

Question

★★★★★

Hayworth Corporation has just segmented last year's income statement is ten producties. The chief execute officers within would have had on overall company profit. What is the best number for the...

Answered: 1 week ago

Question

★★★★★

LONG-LIVED ASSETS Refer to the notes to the financial statements.The first note, "Summary of Significant Accounting Policies," should provide information about the company's depreciation and...

Answered: 1 week ago

Question

★★★★★

We've done 50% of the work on a $290K budgeted project. Our project has spent $180K so far. a. What is the EV? b.EAC c.ETC

Answered: 1 week ago

Question

★★★★★

What is Extreme Project Management (XPM) and how this approach different from traditional project management (TPM) approaches? How would you determine if this is right approach for your project? How...

Answered: 1 week ago

Question

★★★★★

3. Assume you are ready to close the sale on a premium suite for a corporation. Create a sales dialogue between you and the decision-maker that results in a successful sale using the following...

Answered: 1 week ago

Question

★★★★★

5. Using the following data, calculate the breakeven point and margin of safety in units: Selling Price = $50 Variable Cost =$40 Fixed Cost = $70,000 Budgeted Sales = 7,500 units

Answered: 1 week ago

Question

★★★★★

Megan used to work at the local pizzeria for $30,000 per year but quit in order to start her own deli. Last year, she paid $6,000 rent each month, $5,500 for employee payroll each month, and $1,500...

Answered: 1 week ago

Question

★★★★★

Questions 1-2 are based on the following: Gideon Corporation has three stores. The following data is provided: Store 1 Store 2 Store 3 Sales $300,000 $360,000 $510,000 Variable Costs $100,000...

Answered: 1 week ago

Question

★★★★★

For a nonzero constant a, find the intercepts of the graph of (x 2 + y 2 ) 2 = a 2 (x 2 - y 2 ). Then test for symmetry with respect to the x-axis, the y-axis, and the origin.

Answered: 1 week ago

Question

★★★★★

What is work uncertified?

Answered: 1 week ago

Question

★★★★★

What is work-in-progress?

Answered: 1 week ago

Question

★★★★★

The escalation clause in contracts are often provided as safeguards against any likely changes in (a) price of material (b) price of labour (c) both a & b (d) none of these.

Answered: 1 week ago

Previous Question Next Question