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Unformatted text preview: this is not really a material amount we will not follow through on reporting this small mistake. Lastly, the machinery seems to be under-depreciated according to their five-year Estimated Useful Life plan. The depreciation accumulated is only $185,051.43, while a five-year depreciated amount should be a total of $259,072. This leaves accumulated depreciation short by $74,020.57 per year. Consolidating these mistakes gives us a total of $124,428.57 in misreported dollars. Aside from these mistakes, Apollo does retain title and rights to all of the assets listed. F-1...
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This note was uploaded on 06/15/2011 for the course ECON 101 taught by Professor Anderson during the Spring '11 term at Owensboro Community and Technical College.
- Spring '11