On january 1, 20x2, x company made modifications to an asset used in its manufacturing operations in order to extend its useful life. the asset had an original cost of $30,000 and accumulated depreciation of $12,000, with a remaining useful life of 5 years. as a result of the modification, which cost $6,000, the remaining useful life was increased to 8 years. if x company uses straight-line depreciation, in 20x2, x company:
will recognize repairs and maintenance expense of $6,000 and depreciation expense of $2,250.
will recognize repairs and maintenance expense of $6,000 and depreciation expense of $3,600.
will capitalize the cost of the modification and will recognize depreciation expense of $3,000.
will capitalize the cost of the modification and will recognize depreciation expense of $4,800.

Before you begin to compose a message, you should conduct research to collect the necessary information. to avoid frustration and inaccurate messages, be sure to consider the receiver's position. which questions should you ask yourself before determining what and how to research?

The revenues of a company increased by 39% in year one and decreased 22% in year two. what is the overall change over the two-year period?

Which of the following statements is correct? a. two firms with identical sales and operating costs but with different amounts of debt and tax rates will have different operating incomes by definition. b. free cash flow (fcf) is, essentially, the cash flow that is available for interest and dividends after the company has made the investments in current and fixed assets that are necessary to sustain ongoing operations. c. retained earnings as reported on the balance sheet represent cash and, therefore, are available to distribute to stockholders as dividends or any other required cash payments to creditors and suppliers. d. if a firm is reporting its income in accordance with generally accepted accounting principles, then its net income as reported on the income statement should be equal to its free cash flow. e. after-tax operating income is calculated as ebit(1 - t) + depreciation.