Answer:
Annual Depreciation expense = $15695.7692 rounded off to $15695.77
Explanation:
We first need to calculate the cost of the equipment. The cost at which an equipment or asset should be recorded should include all the costs incurred to bring the asset into the place and condition necessary for its use as intended by the management. Thus the cost of the equipment will be,
Cost = 165891 + 42172
Cost = $208063
Now we can calculate the depreciation expense per year based on the straight line depreciation method using the following formula,
Annual Depreciation expense = (Cost - Salvage Value) / Estimated useful life
Annual Depreciation expense = (208063 - 4018) / 13
Annual Depreciation expense = $15695.7692 rounded off to $15695.77
Answer:
4.76%
Explanation:
The requirement in this question is determining the discount rate which gives the same present value in both cases since discount rates discount future cash flows to present value terms.
PV of a pertuity=annual cash flow/discount rate
PV of a pertuity=$17,000/r
PV of ordinary annuity=annual cash flow*(1-(1+r)^-n/r
PV of ordinary annuity=$30,000*(1-(1+r)^-18/r
$17,000/r=$30,000*(1-(1+r)^-18/r
multiply boths side by r
17000=30,000*(1-(1+r)^-18
divide both sides by 30000
17000/30000=1-(1+r)^-18
0.566666667=1-(1+r)^-18
by rearraging the equation we have the below
(1+r)^-18=1-0.566666667
(1+r)^-18=0.433333333
divide indices on both sides by -18
1+r=(0.433333333)^(1/-18)
1+r=1.047554315
r=1.047554315-1
r=4.76%
Answer:
Option B-Consolidation used for both Sell and Vane.
Explanation:
Both of the companies must be consolidated because the parent company controls both of the company and according to International Financial Reporting Standard, the companies that the parent company directly controls (75% ownership of Sell Inc. and 75% control) or indirectly controls (75%*60%= 45% ownership of Vane Inc. and 60% control of the company) must be consolidated. Here Penn Inc. controls both the subsidairies Sell Incorporation and Vane Incorporation, so they must be consolidated to group accounts.
Cut of alcohol
Explanation:
If they drink mre they are likely to becom drunk and migjt get into an accident
Aggregation to qualify for a breakpoint is not available to an investment club that purchases different mutual funds within the same fund family. This is further explained below.
<h3>What is
the investment?</h3>
Generally, an item purchased or invested in with the purpose of increasing one's wealth and preserving one's financial resources from the hard-earned income or appreciation
In conclusion, An investing club that acquires mutual funds from the same fund family is not eligible for aggregation to qualify for a breakpoint.
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