The cardwell company purchased a machine on january 2, 2016, at a cost of $1,200,000. the machine had an estimated useful life of eight years and a residual value of $120,000. cardwell computes depreciation by the sum-of-the-years'-digits method. what amount, net of accumulated depreciation will appear on the company's december 31, 2018, balance sheet for this machine?

When slick heating company switched to an activity based costing system, it realized that it was allocating a much lower percentage of factory overhead to a product line that the marketing department was trying to push. the product line may contain which type of products?

What two things do you consider when evaluating the time value of money

Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.