A construction firm needs a small loader. It can be leased from the dealer for 3 years for $5500 per year including all maintenance, or it can be purchased for $27,000. The firm expects the loader to have a salvage value of $8,500 after 8 years. The maintenance will be $650 the first year and then it will increase by $250 each year. The firm's interest rate is 10% per year. Compare the EPICs for leasing and buying the loader. Which alternative should be chosen leasing or buying

The struter partnership has total partners’ equity of $510,000, which is made up of main, capital, $400,000, and frist, capital, $110,000. the partners share net income and loss in a ratio of 80% to main and 20% to frist. on november 1, adison is admitted to the partnership and given a 15% interest in equity and a 15% share in any income and loss. prepare journal entries to record the admission of adison for a 15% interest in the equity and a 15% share in any income and loss under the following independent assumptions. (1) record the admission of adison with an investment of $90,000 for a 15% interest in the equity and a 15% share in any income and loss. (2) record the admission of adison with an investment of $120,000 for a 15% interest in the equity and a 15% share in any income and loss. (3) record the admission of adison with an investment of $80,000 for a 15% interest in the equity and a 15% share in any income and loss.

How many months does the federal budget usually take to prepare

Double corporation acquired all of the common stock of simple company for