Answer:
The answer is "$500".
Explanation:
Whenever Kristen reduces its deduction in government loan by the amount of its Federal Type 8396 Monthly Mortgage Original account credit, that deductor rises her California has the same number of comprehensive reductions. Represent the total as just a real integer on other adjustments to the comprehensive deduction for your Federal monthly mortgage credit.
Answer:
6.88 percent
Explanation:
The computation of the weighted average flotation cost is shown below:
= (Weightage of debt) × (flotation cost of debt) + (Weightage of preferred stock) × (cost of preferred stock) + (Weightage of common stock) × (cost of common stock)
= (50% × 4.5%) + (5% × 7%) + (45% ×9.5%)
= 2.25% + 0.35% + 4.275%
= 6.88%
Simply we multiply the cost of each capital structure with its weighatge so that the accurate average can come
Answer:
The answer is $1,566.67
Explanation:
The formula for Straight line depreciation is:
Cost of an asset - [residual (salvage) value] ÷ number of useful of the asset.
Cost = $31,900
Salvage value = $3,700
Useful number of years = 6 years
=($31,900 - $3,700) ÷ 6
$4,700.
The depreciation for a year is $4,700.
But September 1 to December 31st is 4 months.
Therefore, the company should recognize
$1,566.67[($4,700 ÷ 12months) x 4months] as depreciation expense on December 31, Year 1
Answer:
Dr Investment in bonds $755,000
Cr discount on bonds investment $80,000
Cr cash $675,000
December 31:
Dr cash($755,000*4%*6/12) $15,100
Dr discount on bonds investment(difference) $1775
Cr bond interest revenue($675,000*5%*6/12) $16,875
Explanation:
The purchase of the bonds at $675,000 while the face value was $755,000 meant that the bonds were acquired at a discount of $80,000($755,000-$675,000),as a result the appropriate entries would be to credit cash with $675,000 paid as well as the discount on investment with $80,000 while the investment in bonds account is debited with face value of $755,000
Answer :
Net salvage value = $147,490
Explanation :
As per the data given in the question,
Cost of equipment = $287,600
Expire time = 2 years
Depreciation rate for first 2 years = 0.20, 0.32
Based on the above information, we need to do following calculations which are shown below:
Total accumulated depreciation of equipment = Cost × Accumulated depreciation rate
= $287,600 × (0.20 + 0.32)
= $149,552
Book value of equipment at the end of 2 years = Cost - Accumulated Depreciation of equipment
= $287,600 - $149,552
= $138,048
Selling price = $150,000
Capital gain on sale = Selling price - Book value
= $150,000 - $138,048
= $11,952
And Tax rate = 21%
So
Capital gain tax is
= $11,952 × 21%
= $2,509.92
= $2,510
Net salvage value = Selling price - Capital gain tax
= $150,000 - $2,510
= $147,490