The Goodwill is to be valued at two years' purchase of the last four years' average profit. The profits were R.O 40,000, R.O 32,000, R.O 15,000 and R.O 13,000 respectively. Find out the value of goodwill.
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- How do you calculate the goodwill value of $94,700?An asset costs $19,000. At a depreciation rate of 20 percent, calculate its book value using declining-balance method. a. After one year b. After two years c. After six years a. The book value after one year is $ . (Round to the nearest dollar as needed.)Consider an asset with a cost basis of $10,000 that has been depreciated using 100% bonus depreciation. What is the gain or loss if the asset is disposed of after 5 years of operation for (a) $7000, (b) $0, and (c) a cost of $2000?
- The goodwill of Blue Devil Inc. is $1,200,000. What’s the amortization expense per year? Group of answer choices $100,000 Do not do amortization $1,200,000 $1Counting Crow’s investment property has a carrying amount of ₱3,600,000 under the fair valuemodel, before adjustment. If the fair value at year-end is ₱3,000,000, how much should be thegain or loss on transfer if Counting Crow would shift to cost model?The following present value factors are provided for use in this problem. Periods Present Value of $1 at 8% Present Value of an Annuity of $1 at 8% 1 0.9259 0.9259 2 0.8573 1.7833 3 0.7938 2.5771 4 0.7350 3.3121 Xavier Company wants to purchase an asset for $37,000 with a four-year life and a $1,000 salvage value. Xavier requires an 8% return on investment. The expected year - end net cash flows are $12,000 in each of the four years. What is the machine's net present value (round to the nearest whole dollar)?
- Consider the following data on an asset:Cost of the asset, I $38,000Useful life. N 6 YearsSalvage value. S $0 Compute the annual depreciation allowances and the resulting book values by using the DOB method and then switching to the SL method.Assume the total sales price and cost of a property are $2,000,000 and $1,100,000, respectively, so that the total profi t to be recognized is $900,000. Th e amount of cash received by the seller as a down payment is $300,000, with the remainder of the sales price to be received over a 10-year period. It has been determined that there is signifi cant doubt about the ability and commitment of the buyer to complete all payments. How much profi t will be recognized attributable to the down payment if: 1 . Th e installment method is used? 2 . Th e cost recovery method is used?4. An instrument requires recalibration once every five years at a cost of $2500 each time. Determine the capitalized cost of this expense, assuming i = 5%.
- The MACRS depreciation allowances on 3-year property are 33.33%, 44.45%, 14.81%, and 7.41%, respectively. What is the amount of the depreciation for Years 1, 2, and 3 for a 3-year property with an initial cost of $64,000?am. 281.If the EBIT for the year is $5000, depreciation is $1000 and the tax rate is 20%. Further CA on Dec. 31st were $1500 and the CL were $700. On Jan. 1st the CA were $1000 and the CL were $800. The value of Future Assets on Dec.31st was $3000 and on Jan.1st was $5000. Find the CFA.