Answer:
$70,000
Explanation:
The book value of an asset includes the purchase price and other related costs that would make it ready to operate. For this machinery, its book value will include cost price, transport, and installation expenses.
The cost will be $360, 000 +$15,000 + 30,000
=$405,000
The depreciable amount
= Asset cost - salvage value
=$405,000 -$55,000
=$350,000
Depreciation per year
the depreciation rate is 1/10 x100 =10%
depreciation per year =10/100 x $350,000
=0.1 x $350,000
=$35,000
two-year depreciation will $70,000 ( $35,000 x 2)
Answer:
c) 11%
Explanation:
The question is to determine the rate of return on Groupong Inc's
The rate of return represents an investment's net gain or net loss calculated over a period of time and usually expressed in terms of the percentage of the initial cost of investment.
The rate of return in this question is calculated as follows:
Rate of Return = (The Dividend for the next year/ the current price of the share) + The Growth rate
The dividend for the next year = current year dividend x (1+r), where r is 3.5
= 2.78 x (1+0.035)
=2.78 x 1.035
= (2.8773/38.3) + 0.035
=0.1101 or 11%
Answer:
Journal Entry to be recorded
DR. Land $475,000
Cr. Common stock $312,500
Cr. Add-in-capital common stock $162,500
Explanation:
Number of Shares = 12,500 shares
Share Market price = $38
Share Par Value = $25
Total value of property to be recorded= 12,500 x $38 = $475,000
Common stock value at par = 12,500 x $25 = $312,500
Add-in-Capital common stock value = $475,000 - $312,500 = $162,500
Property will be recorded as the total value of exchange which is $475,000. On other other hand the common stock value will be recorded in two parts common stock at par value and add-in-capital common stock over par value.
Answer:
Southwestern Mutual Bank
This would increase the loans account and the deposit account by $100 respectively.
Explanation:
a) Data and Calculations:
Southwestern Mutual Bank
Balance Sheet
Assets Liabilities and Owners' Equity
Reserves $150 Deposits $1,200
Loans $600 Debt $200
Securities $750 Capital (owners' equity) $100
Total assets $1,500 Total liabilities + equity $1,500
New customer deposit = $100
New loans made by the owners = $100
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