Although appealing to more refined tastes, art as a collectible has not always perform so profitably. In 2010, an auction house sold a painting at auction for a price of $1,200,000. Unfortunately for the previous owner, he had purchased it three years earlier at a price of $1,780,000. What was his annual rate of return on this painting? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. ) Annual rate of return

Although appealing to more refined tastes, art as a collectible has not always perform so profitably. In 2010, an auction house sold a painting at auction for a price of $1,200,000. Unfortunately for the previous owner, he had purchased it three years earlier at a price of $1,780,000. What was his annual rate of return on this painting? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. ) Annual rate of return

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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Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Your client, Felix Hammond, the Chairman of a small local company, recently bought a motor van for GH₵15,000 on 1st January, 2016. The expected useful life of the motor van is three (3) years and at the end of the useful life it could be sold for GH₵3,500. He has asked you to clarify some points concerning depreciation. He later disposed of the motor van on 1st February, 2018 for GH₵6,300.Required:(a) Explain the aim of charging depreciation in the financial statements.7(b) Explain two methods of depreciation and a reason behind a choice.(c) Calculate the rate of depreciation using the reducing balance method.(d) Calculate the value of depreciation to be charged for 31st December, 2017.(d) Calculate the gains on the disposal of the motor van on 1st February, 2018.
How to do this? 9
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
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Yam-Hash Corporation currently uses a water purification machine that was purchased 2 years ago. This machine is being depreciated on a straight-line basis, and it has 6 years of remaining life. Its current book value is Rs.2,100, and it can be sold for Rs.2,500 at this time. If old machine is not replaced, then it can be sold for Rs.500 at the end of its useful life. Yam-Hash is offered a replacement machine that has a cost of Rs.8,000, an estimated useful life of 6 years, and an estimated salvage value of Rs.800. This machine falls into the MACRS 5-year class, so the applicable depreciation rates are 20%, 32%, 19%, 12%, 11%, and 6%. The replacement machine is expected to save Rs. 1200 per year. The new machine would require that inventories be increased by Rs.2,000, but accounts payable would simultaneously increase by Rs.500. Yam-Hash fall under tax bracket of 40%, what is the terminal year cash flow?
pLEASE ANSWER ASAP
Last week, Ken purchased a painting for $5,000 and paid for it with cash from his checking account. When he got home he realized that the painting's market value was actually $30,000. What is the impact of this transaction on Ken's net worth? Decrease of $5,000 Increase of $5,000 Decrease of $25,000 Increase of $25,0000 Decrease of $30,0000 Increase of $30,0000 No impact
Please solve the question in the image below
Find the deprecation equation and corresponding domain using the given information. (Let V be the value in dollars. Let t be the number of years since the item was purchased.) A violin bow is purchased for $400 and the value of the bow decreases by $8 per year for 5 years. V(t) = Domain: - 8 ≤ t ≤ 400 - 0 ≤ t ≤ 8 - 0 ≤ t ≤ 5 - 0 ≤ t ≤ 400
Choose the correct answer
Ayayai Company has an old factory machine that cost $63,000. The machine has accumulated depreciation of $35,280. Ayayai has decided to sell the machine. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) (a) What entry would Ayayai make to record the sale of the machine for $32,280 cash? (b) What entry would Ayayai make to record the sale of the machine for $22,280 cash? No. Account Titles and Explanation Debit Credit (a) enter an account title to record the first transaction enter a debit amount enter a credit amount enter an account title to record the first transaction enter a debit amount enter a credit amount enter an account title to record the first transaction enter a debit amount enter a credit amount enter an account title to record the first transaction enter a debit…

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