Data Analytics For Accounting
19th Edition
ISBN: 9781260375183
Author: RICHARDSON
Publisher: MCG
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Textbook Question
Chapter 5, Problem 4MCQ
A company has two divisions, one in the United States and the other in China. One uses Oracle and the other uses SAP for its basic accounting system. What would we call this?
- a. Homogeneous systems
- b. Heterogeneous systems
- c. Dual data warehouse systems
- d. Dual lingo accounting systems
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Papyrus Industries was started on April 15, 2019, when it issued common stock for $50,000 cash. Also on April 15, 2019, the company purchased production machinery that cost $42,000 cash. The machinery was delivered under terms of FOB shipping point, and the transportation cost was $3,200. The machinery had a ten-year useful life and a $4,500 expected salvage value. Using straight-line depreciation, determine the amount of depreciation expense and the amount of accumulated depreciation that would appear on the December 31, 2022, financial statements. a) $4,070 / $15,092.78 b) $4,070 / $15,059.17 c) $3,890 / $14,398.33 d) $4,220 / $15,613.33
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Data Analytics For Accounting
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