Answer
The answer and procedures of the exercise are attached in the following 2 images.
Explanation
FILE HOME INSERT DATA REVIEWVIEW Tell me what you wa fc 1 time to maturity years) 2 time to maturity(semi-annual) 3 coupon rate 4 par value 5 annual coupon 6 semiannual coupon 7 price 8 semiannual YTM 9 Annual YTM 10 call price 11 time untill call 12 time untill call(semi-annual) 13 semi-annual YTC 14 annual YTC 15 current yield 16 10 formulas 20 B1*2 1000 100 B3 B4 0 B5/2 1135.9 4% RATE(B2,B6,-B7,B4) 8.00% B8*2 1050 4 8 B11*2 3.57% RATE(B12,B6,-B7,B10) 7.14% B13"2 8.80% B5/B7
2) YTM = ANNUAL YTM
3) YTC = Annual YTC
1. A) Because you don't want to be stuck living with your parents until you are 30
2. B) Living and educational expenses
Reason:
I took a test very similar to this a few days ago, and I am a straight-A student.
Answer:
$45,000
Explanation:
Data provided in the question:
Selling cost of the furniture on May 1, 2015 = $300,000
Original cost of the machine on January 1, 2008 = $750,000
Depreciable Life of the furniture = 10 years
Salvage value = $75,000
Now,
Annual depreciation = 
or
Annual depreciation = 
or
Annual depreciation = $67,500 per year
The total duration from the date of purchase to date of selling
= 7 years 4 months
or
= 7 × 12 + 4 months
= 88 months
= 
years
therefore,
The total accumulated depreciation till the date of sale
= Annual depreciation × Duration
= $67,500 ×
= $495,000
Thus,
The book value on May 1, 2015
= Purchasing cost - Accumulated depreciation
= $750,000 - $495,000
= $255,000
Hence,
The gain recognized = Selling cost - Book value
= $300,000 - $255,000
= $45,000
