McKinley Industries purchased a piece of equipment for their…

McKinley Industries purchased a piece of equipment for their manufacturing facilities and paid with a 3-year, zero-interest bearing $150,000 notes payable.  Assuming a 5-year useful life and no salvage value, how much straight-line depreciation expense would McKinley record for this asset each year?  McKinley typically borrows at a rate of 5%. The present value of one for 3-periods at 5% is: .86384 The present value of one for 5-periods at 5% is: .78353 Round all calculations to whole dollars.

Barton Corporation acquired a coal mine for $2,000,000. Inta…

Barton Corporation acquired a coal mine for $2,000,000. Intangible development costs totaled $390,000. After extraction is completed, Barton must restore the property. The estimated fair value of the obligation is $210,000, after which the company estimates that it can be sold for $310,000. Barton estimates that 5,000 tons of coal can be extracted. What is the amount of depletion per ton?

During 2024, Fleissner, Industries constructed a specialized…

During 2024, Fleissner, Industries constructed a specialized piece of equipment for use in their manufacturing facility. Construction began on January 1 and finished on December 31.  Expenditures were $400,000 on February 1, $600,000 on June 1 and $500,000 on November 1. Fleissner, Industries borrowed $1,000,000 on January 1 on a 3-year, 8% note to help finance construction of the building.  In addition, the company had outstanding all year a 9%, 5-year, $6,000,000 note payable and a 6%, 4-year, $10,000,000 note payable. Calculate Fleissner’s avoidable interest:

Please Read and Follow These Guidelines: Testing Area Sit a…

Please Read and Follow These Guidelines: Testing Area Sit at a clean desk or table (avoid beds or couches). Ensure the room is well-lit, preferably with overhead lighting. Clear the desk or table of all materials. If asked, perform a complete 360° room scan, including your workspace. Partial scans or failing to show your workspace may be flagged. Keep your laptop charged or have the charger within reach. Your full face and shoulders must remain visible in the camera view for the entire duration of the exam. Place your camera directly in front of you, at eye level, so your full face is centered and clearly visible at all times during the exam. Improper camera placement or any loss of facial visibility during the exam may result in a disqualification of your exam attempt and a failing grade for the course.   Unauthorized Behavior in the Exam 1. Unauthorized Assistance & Resources Using unapproved notes and textbooks.  Having another person in the room or receiving assistance from someone off-screen. Talking to someone during the exam. Using a phone, tablet, smartwatch, or any other electronic device. *Do not place or use any electronic device outside the camera’s view at any time during the exam. Doing so may be considered a violation of academic integrity. 2. Eye Movement & Screen Activity Looking away from the screen repeatedly, especially as if reading from another source. Looking at another device or screen not being used for the exam. Excessive or unusual head/eye movement that suggests searching for answers. 3. Unapproved Internet Use Opening additional browser tabs or applications during the exam. Copying and pasting text from the exam into other applications. Using communication apps (e.g., Discord, WhatsApp, Google Docs, AI tools). 4. Environmental & Technical Concerns Background noise or voices being detected. Leaving the webcam frame during the exam. Using a secondary monitor or multiple screens. Webcam being blocked, turned off, or manipulated. Connection interruptions or screen-freezing patterns that suggest tampering. 5. Suspicious Keyboard & Mouse Activity Excessive typing/clicking when answering multiple-choice questions. Using keyboard shortcuts that suggest switching between applications. Unusual delays in answering followed by sudden, quick inputs. Any flagged behavior will be reviewed, and violations of academic integrity will result in consequences without exception. Ensure you are in a quiet, private space, with no distractions and that you follow all exam rules. Do your own work, stay focused, and maintain integrity.