Answer:
Cheyenne Corp.
Balance Sheet
For the year ended December 31, 2020
<u>Assets</u> ...
Long term assets:
Plant, property & equipment
Coal mine $500,000
Acc. depletion, coal mines <u>($104,000)</u> $396,000
Buildings $1,110,000
Acc. depreciation, buildings <u>($651,000</u>) <u>$459,000</u>
Total P,P & E $855,000
Goodwill <u>$410,000</u>
Total long term assets $1,265,000
Answer:
a) 10%
b) 12.5%
c) 4%
d) 2.5%
e) 20%
f) 25%
g) 5%
Explanation:
10 years depreciation results in a depreciation rate per year = 100% / 10 = 10%
8 years depreciation results in a depreciation rate per year = 100% / 8 = 12.5%
25 years depreciation results in a depreciation rate per year = 100% / 25 = 4%
40 years depreciation results in a depreciation rate per year = 100% / 40 = 2.5%
5 years depreciation results in a depreciation rate per year = 100% / 5 = 20%
4 years depreciation results in a depreciation rate per year = 100% / 4 = 25%
20 years depreciation results in a depreciation rate per year = 100% / 20 = 5%
Answer:
a) The bonds were issued at a premium.
Explanation:
Given that
There are the bonds of $5,000,000
And, if the total amount received that involved the accrued interest also so the amount of the bond is $5,060,000
This means the bond is issued at premium as the value is increased i.e. fro m $5,000,000 the value is now $5,060,000
So, the option a is correct
And, the rest of the options would be incorrect
I don’t know bro try English?
