Answer:
Income Statement is attached in the pictures.
Explanation:
Answer:
No impairment loss would be reported
Explanation:
The computation is shown below;
Impairment loss = carrying value - recoverable amount
Where,
The recoverable amount would be the higher amount of fair market value and value in use
So the recoverable amount would be $2,545,000
Now the impairment loss is
= $2,500,000 - $2,545,000
= -$45,000
Since the impairment loss comes in negative so no impairment would be recorded
Answer: Option D
Explanation:The optimal spacing for corn seed plant seeds 1.5 to 2 inches deep and 4 to 6 inches apart and rows spacing should be 30 to 36 inches apart. From the above case, the rows spacing is reduced by half which will increase the number of corn plant per acre which would lead to overall more profit from more yield.
Therefore the most appropriate answer to the space given above is option D.
Answer:
The IRR (in %) for Project A is 31%.
Explanation:
Let IRR be x%
At IRR, present value of inflows = present value of outflows.
218917 = 25700/1.0x + 53000/1.0x^2 + 58000/1.0x^3 + 420,000/1.0x^4
solving for x, we find:
x = 31%
Therefore, The IRR (in %) for Project A is 31%.
