N Vol 0.00 LTE2 KB/s 4G 4G 10:14 O 73 01:56:17 Remaining Multiple Choice X Corporation acquired a residential lot worth P1,500,000 for its supervisor and constructed upon it a house at a cost of P3,000,000. Ownership of the house and lot was turned over to the supervisor upon completion of the construction. 60% of the value of the house and lot will be deducted from the supervisor's salary over a period of 5 years. What is the monetary value of the fringe benefit? P1,800,000 P2,700,000

N Vol 0.00 LTE2 KB/s 4G 4G 10:14 O 73 01:56:17 Remaining Multiple Choice X Corporation acquired a residential lot worth P1,500,000 for its supervisor and constructed upon it a house at a cost of P3,000,000. Ownership of the house and lot was turned over to the supervisor upon completion of the construction. 60% of the value of the house and lot will be deducted from the supervisor's salary over a period of 5 years. What is the monetary value of the fringe benefit? P1,800,000 P2,700,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Problem 16.018 DEPENDENT MULTI-PART PROBLEM - ASSIGN ALL APRTS Halcrow Yolles purchased equipment for new highway construction in Manitoba, Canada, costing $510,000 Canadian. The estimated salvage at the end of the expected life of 4 years is $50,000. Various acceptable depreciation methods are being studied currently. Determine the depreciation for year 2 using the DDB(Double Declining Balance), 150% DB(Declining Balance), and SL (Straight Line Depreciation) methods. Problem 16.018.a: Calculate the depreciation value in a certain year using DDB, 150% DB and Straight Line methods Determine the depreciation by hand. The depreciation using SL method is determined to be $ 115000 The depreciation using DDB method is determined to be $ The depreciation using 150% DB method is determined to be $
00 FI 96 R %24 JAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Print Item Falkland, Inc., is considering the purchase of a patent that has a cost of $51,000 and an estimated revenue producing life of 4 years. Falkland has a cost c capital of 12%. The patent is expected to generate the following amounts of annual income and cash flows: Year 1 Year 2 Year 3 Year 4 Net income $5,100 $6,500 $6,300 Operating cash flows 18,400 18,200 (Click here to see present value and future value tables) 006' A. What is the NPV of the investment? Round your present value factor to three decimal places and final answer to the nearest dollar. 24 B. What happens if the required rate of return increases? If the required rate of return increases, Previous Check My Work 3:54 PM 5/3/2022 dy insert prt sc f8 91 backspa & 7. 4. 5.
B240 Final Exam W2024 Question 12 of 13 Kingbird Corporation is considering buying a brand new machine and has gathered the following data: Investment Estimated life Estimated annual cash inflows $104,400 6 years $29,100 Estimated annual cash outflows $10,500 Salvage value for the machine is estimated to be zero. Click here to view the factor table. -/8 III Calculate the net present value of the machine assuming a 5% discount rate. (If the net present value is negative, use either a negative sign preceding the number eg-45 r parentheses eg (45). For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 1.25124. Round present value answer to O decimal places, e.g. 125.) Net Present Value $ Should the company buy the machine based on your results? SUPPORT
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#10 #2 O 8 O A piece of newly purchased Industrial equipment costs $968,662.00 and is classified as a seven-year property under MACRS. What is the book value of this piece of equipment at the end of year 3? Submit Answer format: Currency: Round to: 2 decimal places. Show Hint A firm purchases a new work cell for $360,489.00. The asset will be depreciated using a 3-year MACRS schedule. What is the book value of the asset after the third year? (Assume that there is no depreciation allowed at year 0) Submit Answer format: Currency: Round to: 2 decimal places. Show Hint A firm buys a piece of equipment for $115,926.00 and will straight-line depreciate it to zero over five years. If the tax rate is 40.00%, what is the present value of the depreciation tax shield if the cost of capital is 11.00%? Submit Answer format: Currency: Round to: 2 decimal places. Show Hint
Problem 6-10 Calculating Salvage Value An asset used in a 4-year project falls in the 5-year MACRS class for tax purposes. The asset has an acquisition cost of $8,900,000 and will be sold for $2,440,000 at the end of the project. If the tax rate is 23 percent, what is the aftertax salvage value of the asset? (MACRS schedule) (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Aftertax salvage value $ 2,232,149
2 10 points & 01:46:23 eBook Hint Bartlett Car Wash Company is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $91,438 per year. Other information about this proposed project follows: Initial investment Useful life Salvage value $ 427,280 8 years $ 52,000 Assume straight line depreciation method is used. Required: 1. Calculate the accounting rate of return for Bartlett. Note: Round your percentage answer to 2 decimal places. 2. Calculate the payback period for Bartlett. Note: Round your answer to 2 decimal places. 1. Accounting Rate of Return Print 2. Payback Period References % years
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EXERCISE 9.11 Depletion of Natural Resources L LO9-7 Salter Mining Company purchased the Northern Tier Mine for $21 million cash. The mine was estimated to contain 2.5 million tons of ore and to have a residual value of $1 million. During the first year of mining operations at the Northern Tier Mine, 50,000 tons of ore were mined, of which 40,000 tons were sold. a. Prepare a journal entry to record depletion during the year. b. Show how the Northern Tier Mine, and its accumulated depletion, would appear in Salter Mining Company's balance sheet after the first year of operations. c. Will the entire amount of depletion computed in part a be deducted from revenue in the determination of income for the year? Explain. d. Indicate how the journal entry in part a affects the company's current ratio (its current assets divided by its current liabilities). Do you believe that the activities summarized in this entry do, in fact, make the company any more or less liquid? Explain.