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millworks company owns a milling machine that cost 125 000

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    Diaz Company owns a milling machine that cost 250 000 and has accumulated depreciation of 182 000. Prepare the entry to record the disposal of the milling machine on January 3 under each of the following independent situations. 1. The machine needed extensive repairs and it

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    Santorino Company produces two models of a component Model K-3 and Model P-4. The unit contribution margin for Model K-3 is 6 the unit contribution margin for Model P-4 is 14. Each model must spend time on a special machine. The firm owns two machines that together provide 4 000 hours of machine time per year.

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    Millworks Company owns a milling machine that cost 125 00 and has accumulated depreciation of 91 000. Prepare the entry to record the disposal of the milling machine on Janurary 5 under each of the folling undependent situations. 1. The machine needed extensive repairs and it

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    Gorilla Mill Baboon. Based on the original 5 flute Gorilla Mill the "Baboon" for high temp alloys features geometric enhancements that make it uniquely suited for difficult-to-machine materials including inconel waspaloy hastelloy rene stellite 17-4 SS 15-5 SS 13-8 SS and titanium.

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    9. Silverman Company purchased machinery for 162 000 on January 1 2014. It is estimated that the machinery will have a useful life of 20 years salvage value of 15 000 production of 84 000 units and working hours of 42 000. During 2014 the company uses the machinery for 14 300 hours and the machinery produces 20 000 units. Compute

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    Gorilla Mill Baboon. Based on the original 5 flute Gorilla Mill the "Baboon" for high temp alloys features geometric enhancements that make it uniquely suited for difficult-to-machine materials including inconel waspaloy hastelloy rene stellite 17-4 SS 15-5 SS 13-8 SS and titanium.

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    A company exchanged an old machine which originally cost 22 000 and has accumulated depreciation to date of 12 000 for a new machine. The old machine had a fair value of 14 000.

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    Six years ago China Exporters paid cash for a new packaging machine that cost 287 000. Three years ago the firm spent 3 900 on repairs and modifications to the machine. The machine is now fully depreciated and has just sat idly in a back corner of the shop for the past seven months. The estimated value of the machine today is 125 500.

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    Its present book value is 17 500. The company is contemplating replacing this machine with a new one which will cost 50 000 and have a five-year useful life. The new machine will generate the same amount of revenue as the old one but will cut down substantially on variable operating costs.

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    A company exchanged an old machine which originally cost 22 000 and has accumulated depreciation to date of 12 000 for a new machine. The old machine had a fair value of 14 000.

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  • Diaz Company owns a milling machine that cost 250 000 and

    Diaz Company owns a milling machine that cost 250 000 and has accumulated depreciation of 182 000. Prepare the entry to record the disposal of the milling machine on January 3 under each of the following independent situations. 1. The machine needed extensive repairs and it

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    The machine has a zero salvage value. The company is considering buying a technologically improved machine at a cost of 232 000. The new machine will save 50 000 per year after taxes in cash operating costs. If the company decides not to buy the new machine it can use the old machine for an indefinite time by incurring heavy repair costs.

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    Millworks Company owns a milling machine that cost 125 000 and has accumulated depreciation of 91 000. Prepare the entry to record the disposal of the milling machine on January 5 under each of the following independent situations. 1. The machine needed

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