Answer:
The Amount of pension expense is $195,000
Explanation:
The computation of the amount of pension expenses reported is shown below:
Service cost $150,000
Interest on projected benefit obligation 63,000
Amortization of prior service $54,000
Less: Expected return on plan assets -$72,000
The Amount of pension expense is $195,000
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer: $6,040
Explanation:
To find out Robin’s allowable itemized deduction for interest paid we ADD the interest paid on the acquisition debt which is her Allowed Deductible Interest to the points that she obtained in the Initial Mortgage.
This figure is what she is allowed to deduct.
Calculating that would be,
= 4,440 + 1,600
= $6,040
Robin’s allowable itemized deduction for interest paid is $6,040.
Note that Closing costs are not Deductible but are instead added to the basis of the house.
Answer:
The total cost of establishing the portfolio is $2054.95.
Explanation:
The present value of a bond is given as
For 1 year zero-coupon bond is
- FV is 500
- r is 7% or 0.07
- n is 1
So the value is
Similarly, for 3 years zero-coupon bond is
- FV is 2000
- r is 8% or 0.07
- n is 3
So the value is
So the total cost is
Total Cost=Cost of 1-year zero-coupon bond+Cost of 3-years zero-coupon bond
Total Cost=$ 467.29+$ 1587.66
Total Cost= $ 2054.95
So the total cost of establishing the portfolio is $2054.95.
Answer:
$53,355.7047
Explanation:
The computation of the estimated cost of the replacement cost is shown below:
Estimated cost = (old cost i.e purchased cost of an equipment ÷ Cost index of that year i.e 2006) × estimated cost index for 2017
= ($30,000 ÷ 149) × 265
= $53,355.7047
We simply applied the above formula so that the estimated cost could come
