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On January 1 Year 1 Milton Manufacturing Company purchased equipment with a list price of $27.000. A total of 2000 was paid for installation and

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On January 1 Year 1 Milton Manufacturing Company purchased equipment with a list price of $27.000. A total of 2000 was paid for installation and testing Milton uses the units of production method of depreciation Useful life is estimated 100.000 units and estimate salvage value is $4000. During Year 1. the equipment produced 14.000 units What the amount of depreciation for Year 17 $3920 $4480 $3500 $4004 e None of Moscovo Greer Company pays Jamal Perry a salary of $5,400 per week. How much FICA tax must Greer pay with regards to this employee (including both the employee and employer portions)? (Assume a Social Security rate of 6 percent and a Medicare rate of 1.5 percent on all earnings.) $810 O $405 OSO $648 O None of the above. On January 1, Year 1. Milton Manufacturing Company purchased equipment with a list price of $27,000. A total of $2000 was paid for installation and testing. Milton uses the units-of-production method of depreciation. Useful life is estimated at 100,000 units, and estimated salvage value is 54000. During Year 1, the equipment produced 14,000 units. What is the amount of depreciation for Year 1? O $3920 O $4480 O $3500 O $4004 O None of the above $ The following information relates to Halloran Co.'s accounts receivable for 2018: Accounts receivable balance, 1/1/2018 859,000 Credit sales for 2018 3,320,000 Accounts receivable written off during 2018 50,000 Collections from customers during 2018 2,970,000 Allowance for doubtful accounts balance, 12/31/2018 212,000 What amount should Halloran report for accounts receivable, before allowances, at December 31, 2018? O $1.159.000 O $947,000 O $1,209,000 None of these answer choices are correct

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