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kondaur [170]
2 years ago
7

If a company spends $14.4 million to install refurbished footwear-making equipment with capacity to produce 1 million pairs of a

thletic footwear at its North American production facility, then its annual depreciation costs at that facility will rise by
Business
1 answer:
Margaret [11]2 years ago
4 0

The annual depreciation costs at that facility will rise by 10% or $1,440,000.

<h3>Annual depreciation costs</h3>

Life of the equipment = 10 Years

Salvage value = 0

Annual Depreciation= (Cost of equipment - Estimated salvage value) / Estimated useful life

Annual Depreciation= ($14.4 million- 0) / 10

Annual Depreciation= $1,440,000

or

Annual Depreciation= $1,440,000/$14,400,000 ×100

Annual Depreciation= 10%

Inconclusion the annual depreciation costs at that facility will rise by 10% or $1,440,000.

Learn more about annual depreciation cost here:brainly.com/question/15872169

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<span>GAAP stands for generally accepted accounting principles, it is the accounting standard which is adopted by the U.S. Securities and Exchange Commission, it is also known as US GAAP.</span>

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3 years ago
Suppose an investor is interested in purchasing the following income producing property at a current market price of $450,000. T
Vikki [24]

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Net Present value of Project is $9,890

Explanation:

Net present value is the Net value all cash inflows and outflows in present value term. All the cash flows are discounted using a required rate of return.

Net Present Value of Property is $9,890

Workings are made in an MS Excel file, which is attached with this answer. please find it.

Download xlsx
6 0
3 years ago
Which of the following statements about depository institutions in the U.S. are correct?
Kaylis [27]

Answer: C and D

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4 0
3 years ago
North Construction had $850 million of sales last year, and it had $425 million of fixed assets that were used at only 90% of ca
11Alexandr11 [23.1K]

Answer:

a. 1.11%

Explanation:

The computation of the maximum sales growth rate is shown below:-

Sales 90% Capacity = $850,000,000

Sales at 100% Capacity = $850,000,000 ÷ 90% × 100%

= $944,444,444.4

Growth in Sales by using unused capacity = Sales at 100% Capacity - Sales 90% Capacity

=$944,444,444.4  -  $850,000,000

= $94,444,444.4

Growth rate =Growth in Sales by using unused capacity ÷ Sales last year

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2 years ago
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