Answer:
$31.44
Explanation:
The accretion expense each year will be calculated as = Present value of the Asset retirement obligation at the end of the previous year * Discount Rate
Hence, the amount of accretion expense Gunk will record in 2020 related to the asset retirement obligation
= $393 * 8%
= $31.44
Answer:A
Explanation:
The optimal value will always remain the same. It is because profit is a difference between total revenue and total cost.
Answer:
$258077.04
Explanation:
The cost of the house is $350,000
Apply compound interest formula
A=P(1+r/n)^nt
where
A=amount of loan after the period has elapse=?
P=principal deposit amount=$50,000
r=rate of interest in decimal form=0.07%
t=time taken for the loan to mature
n=1
A=$50,000(1+0.07)^9
A=$50,000*(1.07)^9
A=$91922.96
Remaining balance =$350000-$91922.96=$258077.04
No significant interest equity investment
<h3><u>
Explanation:</u></h3>
A technique used in accounting by a firm for the purpose of recording the profits that are obtained from its investments made on other company refers to an equity method. This investment is an equity investment. The profits that are obtained for the investments made by a firm is reported by the company to the firm that made the investment.
In the scenario given, Intervale Railway y is considering investing in Pale Co. stock for three months which is only 5% of the voting stock of Pale Co. For considering it to be a significant investor, more than 20% and less than 50% of the voting stock must be held by the firm. The firm is holding 5% of the voting stock and hence the investment is considered to be No significant interest equity investment.
