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Gre4nikov [31]
3 years ago
11

How much total depreciation and amortization expense did Patnode record during 2015?

Business
1 answer:
Oxana [17]3 years ago
3 0

Answer:

d. $5,000

Explanation:

Patnode's information is missing, so I looked it up. I found the balance sheet for 2014 and 2015. Hope that it is the same question:

total depreciation expense for 2015 = change in accumulated depreciation (2015 - 2014) + change in accumulated amortization (2015 - 2014) = ($3,000 - $0) + ($3,000 - $1,000) = $3,000 + $2,000 = $5,000

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taurus [48]

Answer:

Explanation:

(1)

FV = PV x (1 + r)^N  

FV = $75,000

PV = $35,000

r = 8%

75,000 = 35,000 x (1.08)^N

(1.08)N = 2.1429

N ln 1.08 = ln 2.1429

N = ln 2.1429 / ln 1.08 = 0.33 / 0.033 = 10 years

(2)

FV = Annual payment, A x PVA

FV = $43,700

n = 6 years

A = 8,000

43,700 = 8,000 x PVA

PVA = 5.4625

PVIFA (6 years, r%) = 5.4172

r=3%.

(3)

PV = Annual payment, A x PVIFA (r%, n years)

PV = $18,000

n = 6 years

r = 9%

$18,000 = A x PVIFA (9%, 6 years) = A x 4.4859 [From PVIFA table]

A = $18,000 / 4.4859 = $4,012.57

4 0
3 years ago
I met a girl and she said '' omg, are you a cookie?''<br> then she show this image to me..
Verizon [17]

Answer:

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3 0
2 years ago
To help finance a new plant, Roxxon, Inc. just sold a noncallable 40 year bond. This $1,000 par bond sells for $1,155 and has a
murzikaleks [220]

Answer:

4.96%

Explanation:

In order to determine the component after-tax cost of debt first we need to  compute the before tax cost of debt by applying the RATE formula which is to be shown in the attachment below:

Given that,  

Present value = $1,155

Future value or Face value = $1,000  

PMT = 1,000 × 8.25% ÷ 2 = $41.25

NPER = 40 years × 2 = 80 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after applying the above formula

1. The pretax cost of debt is 3.54%  × 2 = 7.08%

2. And, the after tax cost of debt would be

= Pretax cost of debt × ( 1 - tax rate)

= 7.08% × ( 1 - 0.30)

= 4.96%

8 0
3 years ago
if Lei bikes to and from work everyday in order to train for the Olympics what is important to Lei? hey her A.job outlook B. her
Dmitry_Shevchenko [17]

C. Her Lifestyle , I Think


6 0
3 years ago
Read 2 more answers
Aggie Fitness began business in College Station, TX on June 1, 2018. At that time, the company collected $6,000 in advance payme
REY [17]

Answer:

b. $2,500, $3,500

Explanation:

Amount collected in advance will be recognized as a liability until the revenue is earned. Entries are posted between the cash account and deferred revenue account on collection of cash.

Given that he company collected $6,000 in advance payments from customers for 12-month gym memberships on June 1, 2018.

Debit Cash account $6,000

Credit Unearned revenue $6,000

After 7 months ( between 1 June and 31 December 2018),

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Credit Membership  Revenue   $3,500

Balance in unearned revenue accounts = $6,000 - $3,500 = $2,500

Balance in Membership revenue = $3,500

3 0
3 years ago
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