Q1. what is the accumulated depreciation/amortization of the disposed property plant and equipment in the fiscal year of 2022 assume depreciation expense was 70,000 for 2022.
Q2. what is the gain/loss from disposal of property and equipment and fiscal year 2022 if the disposed property and equipment was sold for 4000 in2022?
Q3. which cost flow assumption does the company use to value it’s inventory?
Q4. what is the amount of inventory purchases in fiscal year 2022?
Q5. estimate cash collected from customers in fiscal year 2022 (assume that sales are net of bad debt expense)
Q6. estimate cash paid to suppliers in fiscal year 2022?
Q7. what is the net book value of the companys property and equipment at the end of the school year 2022?
Q8. The company has disposed of some property and equipment during the school year 2022 assume that there is no property and equipment impairment during the year and that the company had purchased 135,000 in additional equipment during the fiscal year 2022. What is the original acquisition cost of the property and equipment disposed of during the fiscal year 2022?
Q9. assume the company measures bad debt expense is at 2% of beginning gross trade receivables. Calculate the amount of bad debt written off in the school year 2022.
Q10. if the company recognized 100,000 more in depreciation expense than currently recorded what would be the change to net cash provided by operating activities ignore any effect on taxes.
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