Polar Coast Fisheries Ltd. has equipment costing $600,000 with accumulated depreciation of $210,000 using straight-line. Management now believes a 15% declining-balance method better reflects the equipment’s usage pattern. The change is applied prospectively. What is depreciation expense for the first year after the change?

Partial-year depreciation under ASPE requires:

Northern Trail Outfitters traded in a delivery van with a carrying amount of $24,000 toward a newer used van. The dealer provided a $21,000 trade-in allowance, and Northern Trail paid $6,000 in cash. The fair value of the replacement van was reliably measured at $27,000. The transaction has commercial substance. What is the appropriate accounting treatment?

Granite Coast Fabrication Ltd. acquired a CNC milling machine on March 1 for $420,000. Delivery and rigging required to position the machine cost $18,000, and diagnostic testing before the machine could operate cost $6,000. The machine was fully installed and ready for use on April 1. Employee training that occurred after commissioning cost an additional $14,000. What amount should Granite Coast capitalize as the cost of the machine?

Maritime Spice Co. undertook a major overhaul of its industrial grinder at a cost of $38,000. The overhaul replaces a prior overhaul component that still carried a book value of $9,000. The company must determine how to account for both amounts in accordance with ASPE. Which accounting treatment is appropriate?

Daily recommended intake of water is ~ 64 oz/day.  If you drink 128 oz/day which of the following might you expect:

Which of the following accessory organs does not empty digestive enzymes/juices into the duodenum

identify all structures located at the hilum of the kidney – choose ALL correct answers

Match the following terms to the proper descriptions

The kidneys are protected by all of these structures EXCEPT