<span>Answer is $17,325.
Since the salvage value of the asset after its four years of useful life is $3,300 while its current purchase value is $28,500; we need to depreciate the difference over 4 years. That us $25,200 to be depreciated over 4 years using a straight line method. At December 31 of year 3, the asset will be 2.75 years old(2 years, 9 months). Hence the accumulated depreciation is $25,500*(2.75/4). This is $17,325.</span>
Answer:
a. 710,000
Explanation:
Current assets are calculated as follows:
Cash: $185,000
Accounts receivable, net $725,000
Recall that a loyal customer is to make semi-annually payments of $100000 into to the tune of $400,000 accounts receivable. For the year five balance sheet, the reclassification of o/s receivable will therefore be $200000
Therefore Total current assets = $185,000+ $725,000 - $200000 = $710,000
In JB Company's December 31, year five Balance Sheet $710,000 should be reported as current assets.
project's payback period is 4.5 years.
<h3>
What is net operating income?</h3>
- Before deducting any expenditures for financing or taxes, net operational income assesses the profitability of an income-producing asset.
- Subtract all property-related running costs from all income earned at the property to arrive at NOI.
- A property owner can manipulate the operational expenditures included in the NOI statistic by delaying or accelerating particular revenue or expense elements.
- Capital expenses are excluded from the NOI statistic.
- A property owner can use NOI to determine whether the cost of owning and maintaining a property outweighs the benefits of renting it out.
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Answer:
Present value = FV / (1 + r)^t
1. PV = $19,415 / (1 + 0.07)^15
PV = $19,415 / (1.07)^15
PV = $19,415 / 2.759031
PV = $7,036.89
2. PV = $47,382 / (1 + 0.11)^8
PV = $47,382 / (1.11)^8
PV = $47,382 / 2.3045378
PV = $20,560.31
3. PV = $312,176 / (1 + 0.10)^13
PV = $312,176 / (1.10)^13
PV = $312,176 / 3.4522712
PV = $90,426.27
4. PV = $629,381 / (1 + 0.13)^25
PV = $629,381 / (1.13)^25
PV = $629,381 / 21.230542
PV = $29,645.07
The assessment ratio, which is used to convert the value of property to the assessed value, can also be considered <u>Equalization Rate</u>.
<h3>What is the equalization rate?</h3>
The equalization rate is the ratio of the total assessed value (AV) to a municipality's total market value (MV).
The equalization rate is a measurement of a municipality's level of assessment (LOA) by the state.
This implies that the municipality determines the AV while the state determines the MV.
Thus, the assessment ratio, which is used to convert the value of property to the assessed value, can also be considered <u>Equalization Rate</u>.
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