Daniels Corp. is considering replacing one of its production machines. The CEO feels that new machine is more efficient and hence will save costs to the company. The following information is available: Old Machine New Machine Original cost $10,000,000 $9,500,000 Useful life 6 years 3 years Current age 3 years 0 Remaining useful life 3 years 3 years Accumulated depreciation $5,000,000 Book value $5,000,000 Current disposal value $50,000 Terminal disposal value (2 years from now) 0 $0 Annual operating costs $12,000,000 $8,500,000
Should Daniels Corp. replace the old machine?

Lincoln company has an accounting policy for internal reporting purposes whereby the costs of any research and development projects that are over 70 percent likely to succeed are capitalized and then depreciated over a five-year period with a full year of depreciation in the year of capitalization. in the current year, $400,000 was spent on project one, and it was 55 percent likely to succeed, $600,000 was spent on project two, and it was 65 percent likely to succeed, and $900,000 was spent on project three, and it was 75 percent likely to succeed. in converting the internal financial statements to external financial statements, by how much will net income for the current year have to be reduced? a. $180,000b. $380,000c. $720,000d. $900,000

If a team of three workers, each making the u. s. federal minimum wage, produced these 12 rugs, what would the total labor cost be? don't forget that these workers would be working overtime.

On january 1, 2017, sophie's sunlounge owned 4 tanning beds valued at $20,000. during 2017, sophie's bought 3 new beds at a total cost of $14 comma 000, and at the end of the year the market value of all of sophie's beds was $24 comma 000. what was sophie's net investment