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Issue:

Business

 

Written by:

Sharon F

 

Date added:

October 10, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

1 / 276

 

Was viewed:

6176 times

 

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Essay content:

The income statement for ABC has a net income of $3,960 for the year ended 12/31/05. In addition, the plant depreciation has a straight line of 50 years estimated life with no salvage value with $350 depreciation per year. The equipment has a straight line depreciation with 10 years estimated life with $6000 salvage value, depreciation of $2200 per year with the equipment depreciation of $2200 and cost of goods sold was $32,990...
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The income statement for XYZ has a net income of $1795 for the year ended 12/31/05. In addition, the plant depreciation has a straight line of 40 years estimated life with $1500 salvage value with depreciation $400 per year. The equipment has sum-of-years digits depreciation with 7 years estimated life with no salvage value, depreciation of $3000 per year and cost of goods sold was $34,100...
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