Answer:
1 and a half months worth of depreciation
Explanation:
The advantage of starting to depreciate an asset purchased on December is that next year you will be able to depreciate it for a full year under MACRS. Generally, when you purchase an asset, you have to use the half year convention and your depreciation expense for the first year will be low compared to the second year. But if you start depreciating your asset in the current year, even if you purchased it on December and the depreciation expense is not that significant, the next year you will be able to depreciate it at the second year rate.
Answer:
$2,830,000
Explanation:
Net working capital is calculating by subtracting current liabilities from current assets
- current assets = cash and marketable securities + accounts receivable + inventories = $560,000 + $2,000,000 + $2,500,000 = $5,060,000
- current liabilities = accrued wages and taxes + accounts payable + notes payable = $610,000 + $910,000 + $710,000 = $2,230,000
net working capital = $5,060,000 - $2,230,000 = $2,830,000
Answer:
Edgar
Explanation:
When you find out how fast each person goes in one hour, Edgar goes farther the fastest.
Answer:
The monthly payment is $28,915.05
Explanation:
Loan amount: $500,000
Loan tenor: 30 years
Loan rate: 4% pa (fixed)
We can use excel to calculate the monthly amortizing payment by formula PMT
= PMT(loan rate,loan tenor, loan amount) = PMT(4%,30,500000)=($28,915.05)
Please see excel attached for the calculation
