Answer:
Explanation:
In this scenario, we compare the values between book value and the fair value of equipment, the difference would be the loss on impairment of the asset
In mathematically,
= Book value - fair value
where,
Book value = Equipment cost - accumulated depreciation
= $672,000 - $174,000
= $498,000
And, the fair value is $384,000
Now put these values to the above formula
So, the value would equal to
= $498,000 - $384,00
= $114,000
Now the journal entry would be
Loss on impairment A/c Dr $114,000
To Accumulated depreciation A/c $114,000
(Being the impairment loss is recorded)
Answer:
e. Project X has both a higher present value and a higher future value than Project Y.
Explanation:
The project X cash flows are higher in initial years than of project Y. The present value of project X cash flows will be greater than project Y. The time value of money of project X will be greater than Project Y.
The future value of Project X will also be higher than project Y because it has higher cash flows in earlier years. When future value will be calculated the project X will give the higher Future value than project Y.
Mark is dealing with his dissatisfaction through "Loyalty".
<u>Explanation:</u>
Mark is understanding the dissatisfaction which he achieved from the firm inspite of working efficiently and with loyalty, which is a part of great ethics which employees of firm should carry with them. In this case firm should must understand the kind of patience employee have, and should reward them with atleast their basic requirements, so that they should not lose their ethics.
The staff must be committed to the organization and what it stands for to do the finest work. And when businesses help staff learn new skills that promote their professional advancement, they also earn the loyalty of such workers and gain loyal new employees.
Answer: Responsibility check.
Explanation:
A person's credit report can sometimes tell an employer what they need to know about how the prospective employee can handle responsibility because it shows how the person handles their financial obligations.
For instance, a person who's report shows is in financial distress will not be considered very responsible as opposed to some whose credit report is in good shape. To put it in perspective, would a bank like to hire a teller in financial distress? Chances are very negative for that.
The present value of the investment future value is $38,628.40
What is present value?
Present value is the today's worth of a future amount when discounted or expressed in today's dollar equivalence.
The present value of a single future cash flow can be determined using the present value formula below:
PV=FV/(1+r/365)^(N*365)
PV=present value=unknown
FV=future value=$95,000
r=discount rate=9%
N=number of years before the future amount is received=10
365 is an indication of number of years in a year since discounted is compounded daily.
PV=$95,000/(1+9%/365)^(10*365)
PV=$38,628.40
The present value can be further understood using the link below:
brainly.com/question/18490474
#SPJ1
