Cayman Boats plans to pay a $1.75 a share dividend at the end of each of the next 2 years. At the end of year 3, it will pay a f
1 answer:
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Answer:
The airport should invest a uniform amount of $357,958.55
Explanation:
Hi
First of all, we need to know how much will cost the land in five years so we have, , that means that the future value of the land will be $2'100,000.
Now we can use with
and
%, so we have
Answer:
None of the given options.
Depreciation expense for year 1 would be $37,500.
Explanation:
Cost = $400,000
Residual value = $50,000
Expected hours = 40,000
Working hours (year 1) = 6,000 hours
Now,
Depreciation per hour =
Depreciation per hour =
Depreciation per hour =
Depreciation per hour = $6.25
Depreciation expense (year 1) = Depreciation per hour × Working hours (year 1)
Depreciation expense (year 1) = $6.25 × 6,000
Depreciation expense (year 1) = $37,500