Answer:
The ending balance of Office Supplies is $1,900
Explanation:
The ending balance of Office Supplies = the beginning balance + the purchasing amount - the supplies expense
= $4,000 + $2,500 - $4,600
=$1,900
Answer:
$450
Explanation:
Data given in the question
Number of the units produced is 50 units
Marginal revenue is $6
Now the output increase by 50%
So, the total revenue is
= Number of units produced × marginal revenue + increased output percentage × (Number of units produced × marginal revenue)
= 50 units × $6 + 50% of $300
= $300 + $150
= $450
We simply compute by applying the above information
Answer:
$4,000, $0.
Explanation:
On January 1, X9, Gerald received his 50% profits and capital interest in High Air, LLC in exchange for $2,000 in cash and real property with a $3,000 tax basis secured by a $2,000 nonrecourse mortgage. High Air reported a $15,000 loss for its X9 calendar year.
Basis = Contribution into partnership + Appropriated Profit
Basis = ($2,000 equity + $2,000 real estate) + $0 = $4,000
There was no cash distribution during the year hence, the investor can claim a loss of $4,000
Expenses to be deducted but there were no expenses
Therefore net reportable loss = $4,000 Basis - $0 Expenses incurred = $4,000
Answer:
The answer would be $5,760
Explanation:
Written-down-value method (WDV) is calculated using the following formula: WDV= (Asset cost- Asset savage value)* Depreciation rate in %
at the end of 2012, Asset cost = $37,500; savage value = 0; depreciation rate= 8%
Therefore, at the end of 2012, the depreciation is calculated as follows:
WDV= 37,500* 8% = $3,000
At the end of 2013, asset cost =37,500: savage value =37500-3000= 34,500; depreciation rate= 8%
WDV = 34500 *8= $2,760
The amount of depreciation to be added to the accumulated depreciation account for the year 2013 will be the sum for the two years.
That is, $3,000+$2,760= $5,760
Answer and Explanation:
The computation of the net present value is given below:
a.
As we know that
Net present value
= Annual cash inflows × PVIFA factor at 7% for 35 years - initial investment
= $10,209 × 12.9477 - $118,982.50
= $132,183.0693 - $118,982.50
= $13,200.57
Hence, the net present value is $13,200.57
b. Yes the project should be accepted as it net present value comes in positive amount