A laboratory centrifuge costs $79,000 and has a $5530 salvage value with an 8-year recovery period. The estimated annual operating cost is $7000 per year. Use the double declining balance method with switch over to straight line to tabulate the depreciation schedule at the end of each year. Fill in the missing values in the table below. Year BVk1 DBL SL dk 1 79,000.00 19,750.00 19,750.00 2 59,250.00 14,812.50 7674.29 14,812.503 44,437.50 11,109.38 6484.58 11,109.384 33,32812 8332.03 5559.62 8332.035 24,996.09 6249 02 4866.52 6249.026 18,747 07 4686.77 4686.77 7 14,060.30 3515.08 8 9795.15 4265.15 4265.15

Read the following scenario and answer the question in 5-10 sentences. you are the owner of a small business that is a defendant in a lawsuit in federal court. you received bad news from your lawyer that the judge did not allow certain documents to be admitted as evidence in court and that the jury reached a $50,000 verdict in favor of the plaintiff. your lawyer tells you that it is within your legal right to hire him to file an appeal with the united states court of appeals. if the appellate court rules in your favor, you may be able to avoid paying part or all of the $50,000. evaluate your lawyer’s suggestion about appealing the decision.

As related to a company completing the purchase to pay process, is there an accounting journal entry "behind the scenes" when xyz company pays for the goods within 10 days of the invoice (gross method is used for discounts and terms are 2/10 net 30) that updates the general ledger?

If the reserve requirement is 10 percent, what amount of excess reserves does a bank acquire when a business deposits a $500 check drawn on another bank?