Question
Company A has a return on assets of 2. Company B has a return on assets of 1.5. What company will have the better return
Company A has a return on assets of 2. Company B has a return on assets of 1.5.
What company will have the better return of net income on assets?
LLL Inc. purchased a machine on October 1, 2022, for use in its factory. The business paid $450,000 for the machine and estimated that it has a useful life of 10 years, at the end of which time the machine is expected to have a residual value of $50,000. During its life, the machine is expected to produce 200,000 units. The machine produced 55,000 units in 2022 and 60,000 units in 2023. The machine is subject to a 20% CCA rate, and LLL Inc.'s year-end is December 31.
What is the end of 2022 journal entry for the depreciation record under the units-of-production method?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
