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Bonds given for 10-year, $2,000,000 face value, 6% bonds, at par.Each $1,000 bond is convertible into 16 shares of common stock.The net income in 2018

Bonds given for 10-year, $2,000,000 face value, 6% bonds, at par.Each $1,000 bond is convertible into 16 shares of common stock.The net income in 2018 was $425,000, and tax rate was 35%.A 100,000 shares of common stock outstanding throughout 2018.None of the bonds were converted in 2018.

What formula do I use to calculate the earnings per share and the diluted earnings per share for 2018

Accumulated Depreciation for a machine at December 31, 2018 Using Declining Balance

The information below

  1. Cost of machine$800,000
  2. Estimated useful life5 Years
  3. Estimated salvage value$50,000
  4. Double Declining200%
  5. Purchase Date January 1, 2017

For this I calculated this below, is this the correct method?

  1. 100%/5=20% straight-line
  2. 800,000-50,000=750,000
  3. 200%/5 =40% DDB Rate

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