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alexira [117]
3 years ago
14

On January 1, 2015, the company purchased equipment that cost $10,000. The equipment is expected to be worth about (or has a sal

vage value of) $1,000 at the end of its useful life in five years. The company uses straight-line depreciation. It has not recorded any adjustments relating to this equipment during 2015. Complete the necessary adjusting entry by selecting the account names and dollar amounts from the drop-down menus
Business
1 answer:
anzhelika [568]3 years ago
5 0

Answer:

1    

Dr Fixed asset equipment_________$10000    

Cr Cash_______________________________$10000    

purchased equipment    

   

2    

Dr Depreciation expense____________$1800    

Cr  Acummulate Depreciation_______________$1800    

Anual depreciation    

Explanation:

1    

Dr Fixed asset equipment_________$10000    

Cr Cash_______________________________$10000    

purchased equipment    

   

2    

Dr Depreciation expense____________$1800    

Cr  Acummulate Depreciation_______________$1800    

Anual depreciation    

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In economic terms, the long-run monetary benefits of doing business in a country are based on the size of the market, the presen
Nana76 [90]

Gross domestic product is one of the factor that aid the long run monetary benefit in business.

<h3>What is Gross domestic product?</h3>

Gross domestic product refer to the the overall monetary or market value of all thecompleted goods and services that is manufactured within a specific country at a period of time.

It is the overall measure of overall domestic production, it help the to know if the country is okay or not.

It help to estimate the size of the economy.

To calculate, GDP

GDP = Consumption + investment+ government spending + net worth.

Therefore, Gross domestic product is one of the factor that aid the long run monetary benefit in business.

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3 0
2 years ago
Problem 4-4 Calculation of Gain or Loss (LO 4.3) Jocasta owns an apartment complex that she purchased 6 years ago for $750,000.
NemiM [27]

Answer:

$671,300

Explanation:

The calculation of adjusted basis in the building is shown below:-

Adjusted basis = Original cost of the property + Cost of capital improvements - Depreciation claimed

= $750,000 + $50,000 - $128,700

= $800,000 - $128,700

= $671,300

Therefore for computing the adjusted basis we simply add original cost of the property with cost of capital improvements and deduct depreciation claimed.

5 0
3 years ago
Consider two processes. If both versions create the same benefit, but one costs more than the other, the higher-cost version is
vova2212 [387]

Consider two processes. If both versions create the same benefit, but one costs more than the other, the higher-cost version is less Efficient than the lower-cost version.

<h3>What is Process Quality?</h3>

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8 0
1 year ago
The Corner Bakery has a bond issue outstanding that matures in 7 years. The bonds pay interest semi-annually. Currently, the bon
MaRussiya [10]

Answer:

Ans. The after tax cost of this bond is 2.09%

Explanation:

Hi, first we need to establish the cash flow of the bond, so we can find the after tax cost of the bond. After we find the after tax cash flow of the bond, we must use the IRR function of MS Excel to find the semi-annual cost of this debt, but, all after tax debts should be presented in annual basis. Let me walk you through the process. First, let me show you how it should look.

Face Value      100  

price              101,4  

years                7 years  

Coupon                9%  

Coupon                4,5% semi-annually  

tax                      30%  

   

Per       Cash Flow After Tax  

0                 101,4 101,4  

1                   -4,5 -3,15  

2                   -4,5 -3,15  

3                   -4,5 -3,15  

4                   -4,5 -3,15  

5                   -4,5 -3,15  

6                   -4,5 -3,15  

7                   -4,5 -3,15  

8                   -4,5 -3,15  

9                  -4,5 -3,15  

10                  -4,5 -3,15  

11                  -4,5 -3,15  

12                  -4,5 -3,15  

13                  -4,5 -3,15  

14               -104,5 -73,15  

   

Cost of Debt 1,04% semi-annually

Cost of Debt 2,09% annually

Ok, now, as you can see, there are 14 periods, that is because the coupon is paid semi-annually, the way to find the cash flow (I mean, the bond´s coupon) is:

Coupon (semi-annual)=(Face Value)x\frac{0.09}{2} =4.5

At the end (period 14), we need to add the face value and the coupon, that is $100+$4.5=$104.5

Now, to find the value of the third column (after-tax cost), we do the following.

After-tax-Cost=Couponx(1-taxes)=4.5(1-0.3)=3.15\\

Now, consider this, you are receiving 101.4 for every 100 of debt, that means that you are receiving more money than the emission value, and paying interests over 100 instead of 101.4, that is why we have to use the IRR excel function to find out the semi-annual cost of debt. That is, 1.04%.

Now, to make this an effective annual rate, we calculate it like this.

EffectiveAnnualRate=(1+semi-annual Rate)^{\frac{1}{2} }  -1=(1+0.0104)^{\frac{1}{2} } -1=0.0209

Finally, the after-tax cost of this debt is = 2.09%

Best of luck.

6 0
3 years ago
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