Accounting Information Systems (13th Edition)
13th Edition
ISBN: 9780133428537
Author: Marshall B. Romney, Paul J. Steinbart
Publisher: PEARSON
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Chapter 8, Problem 3DQ
To determine
Explain the difference between reliability levels such as 95%, 99%, 99.99%, and 99.9999% reliability.
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On January 1, 2012, Penn Manufacturing purchased equipment for $865,000, having a useful life of 8 years and an estimated salvage value of $62,000. Penn has recorded monthly depreciation of the equipment using the straight-line method. On December 31, 2018, the equipment was sold for $295,000. As a result of this sale, Penn should recognize a gain of ___.
operating laverage is 3.5?
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Accounting Information Systems (13th Edition)
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