Financial Reporting JOHNSON & JOHNSON ($ millions) (a) The cost of building and building equipment at the end of 2011 was $9,389. (b) As indicated in footnote number 1 to the financial statements, the company utilizes the straight-line method for financial statement purposes for all additions to property, plant, and equipment. Given that straight-line depreciation provides a lower charge for depreciation as compared to an accelerated method in the early years of an asset’s life, the
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ISSUES IN ACCOUNTING EDUCATION Vol. 26, No. 1 2011 pp. 155–162 American Accounting Association DOI: 10.2308/iace.2011.26.1.155 Bioscience Company: Accounting for Idle Plant Assets Victoria Dickinson, Paul Kimmel, and Terry Warfield ABSTRACT: Bioscience Company and its auditors have been in discussions with the SEC concerning the accounting for its long-lived assets. Among the issues being discussed is the company’s discontinuation of depreciation on productive assets that it had used previously
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at the Lima, Ohio location; 970 hourly and 150 were salary. The Lima Plant undergone $100 million dollar expansion and modernization which enabled the plant to increase capacity and utilize new manufacturing technology. Due to the modernization Lima had become one of the company top plants for productivity and quality ratings. In 2006 Treadway closed its Greensville, South Carolina plant, which were plagued by outdated equipment, and move all its volume to the Lima location. As a result Lima shifted
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CHANDRAN CLASS: S7 INDUSTRIAL 432 Guide: V REGIKUMAR OVERALL EQUIPMENT EFFECTIVENESS OEE MODERN APPROACH TO OVERALL EQUIPMENT EFFECTIVENESS OEE 2 3 4 5 6 Loss due to breakdown of equipment. Loss is more than 10 minutes. Biggest of SIX BIG LOSSES. Tooling Failures Unplanned Maintenance General Breakdowns Equipment Failure The time lost due to adjustments 7 in the equipment. Loss is less then 10 minutes. Setup/ Changeover Material
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| | | |($9,000) | | | | | | | | | Additions to property, plant, and equipment | | | |(6,000) | | Other investing activities | | | | | |(1,000) | |Net cash provided (used)
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| | | |($9,000) | | | | | | | | | Additions to property, plant, and equipment | | | |(6,000) | | Other investing activities | | | | | |(1,000) | |Net cash provided (used)
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Cottrill Inc. plant in Columbus had to take a decision whether she wanted to change cottrill’s paging service from its current supplier Tallant to Saxton Wireless or wanted to remain with Tallant. She had to finalize her decision in few hours. BACKGROUND INFORMATION: Cottrill was established in the mid-1800s and was the one of the largest corn refining operations in North America. The company operated six wet-milling plants, four in the United States and two in Canada. The Columbus plant had been operating
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Station Equipment | III | Emergency Power Generation | IV | Data & Voice System | V | MATV and Music System (Head end equipment) | VI | UPS System | VIII | Elevators (2 Nos) Johnson or other make | VIII | Fire Detection and Alarm System | IX | Building Automation System | X | Security System (IP Based) | C. | Plumbing system | I | Plumbing including pumps, fittings, Chrome Plated Fittings, Water Closet, Wash Basin, Concealed Cistern etc. | II | Water Treatment Plant | III
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depreciation on machine B reports the highest amount of depreciation expense in year 1 (2010)? The highest amount in year 4 (2013)? The highest total amount over the 4-year period? Problem 2 At December 31, 2010, Jimenez Company reported the following as plant assets. Land
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Dollar Tree Financial Statement Analysis DeVry University 8/19/12 Table of Content Introduction-------------------------------------------------------------------------------------------------------------------3 Question 1--------------------------------------------------------------------------------------------------------------------3 Question 2--------------------------------------------------------------------------------------------------------------------4 Question 3----------
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