A small company purchased a state-of-the-art copier machine in 2012 for $5,995. Five years later the company sold the used copier for $3650. Find the absolute change in the value of the copier. Show your work. Find the relative change in the value of the copier. Show your work. The value of the copier has _________________________ by _________%.

A small company purchased a state-of-the-art copier machine in 2012 for $5,995. Five years later the company sold the used copier for $3650. Find the absolute change in the value of the copier. Show your work. Find the relative change in the value of the copier. Show your work. The value of the copier has _________________ by _%.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Marin Inc. purchased a commercial grade soft-serve ice cream machine on September 30, 2017. Marin traded in its existing machine and paid cash in the transaction. The details of the transaction are as follows: ● List price of new freezer $25,730 ● Cash paid 17,112 ● Cost of old machine (4-year life, $1,860 salvage value) 21,700 ● Accumulated depreciation—old machine (straight-line) 9,920 ● Secondhand fair value of old machine 8,308 Prepare the journal entries necessary to record this exchange, assuming that the exchange (a) has commercial substance, and (b) lacks commercial substance.
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The Gilbert Instrument Corporation is considering replacing the wood steamer it currently uses to shape guitar sides. The steamer has 6 years of remaining life. If kept, the steamer will have depreciation expenses of $550 for 5 years and $340 for the sixth year. Its current book value is $3,090, and it can be sold on an Internet auction site for $3,640 at this time. If the old steamer is not replaced, it can be sold for $800 at the end of its useful life. Gilbert is considering purchasing the Side Steamer 3000, a higher-end steamer, which costs $12,000, and has an estimated useful life of 6 years with an estimated salvage value of $1,600. This steamer falls into the MACRS 5-years class, so the applicable depreciation rates are 20.00%, 32.00%, 19.20%, 11.52%, 11.52%, and 5.76%. The new steamer is faster and allows for an output expansion, so sales would rise by $2,000 per year; the new machine's much greater efficiency would reduce operating expenses by $1,800 per year. To support the…
Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2003, Sotheby’s sold the Edgar Degas bronze sculpture Petite Danseuse de Quatorze Ans at auction for a price of $9.63 million. Unfortunately for the previous owner, he had purchased it in 1999 at a price of $12.84 million. What was his annual rate of return on this sculpture?
Motor City Rentals is trying to decide whether it should keep its existing car detailing machine or purchase a new one that has state of the art technological advancements (which translate into cost savings) over the existing machine. Information on each machine follows: - Old machine New machine Original cost $9,000 $20,000 Accumulated depreciation 5,000 0 Annual cash operating costs 9,000 4,000 Current salvage value of old machine 2,000 Salvage value in 10 years 500 1,000 Remaining life 10 yrs. 10 yrs. The incremental cost to purchase the new machine is Group of answer choices $11,000 $18,000. $20,000. $13,000.
A machine was purchased on 1st January 2015 at a cost of OMR 120,000. At the time of Sale, the machine has a net book value of OMR 80,000. The organization made a profit on disposal of OMR 20,000. What is the value of sales proceed for the machine?
Volkwagen car sales hit record high sales of $6.23 million in 2017. If one of their assembly lines purchased a new quality control computer verifying VIN numbers for $7,985 with a 5-year life and residual value of $1,100 was purchased for the store. What is the depreciation expense in year 2 for the computer? Use the straight-line method. Depreciation expense
1. Compute the requested value(s) for each scenario. Show all component numbers that factor into determination of the final answer(s) a. On January 1, 1963, a kid from Sioux Falls purchased a limited edition Superman comic at the original market price of 12 cents. On January 1, 1997 (34 years later), the comic was sold at auction for $2,500. What annual rate of return did this kid earn on the comic? Give typing answer with explanation and conclusion
Can I please get some help with this question?(5.9) Onslow Company purchased a used machine for $240,000 cash on January 2. On January 3, Onslow paid $10,000 to wire electricity to the machine. Onslow paid an additional $2,000 on January 4 to secure the machine for operation. The machine will be used for six years and have a $28,800 salvage value. Straight-line depreciation is used. On December 31, at the end of its fifth year in operations, it is disposed of. Required: 1. Prepare journal entries to record the machine's purchase and the costs to ready it for use. Cash is paid for all costs incurred. Record the purchase of a used machine for $240,000 cash. Note: Enter debits before credits. Date General Journal Debit Credit January 02 Journal entry worksheet Record the costs of $10,000 incurred on the used machine. Note: Enter debits before credits.…
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