What is the total value of tangible assets that will be reflected in the balance sheet? Land 5,000 Building 40,000 Plant and Equipment 20,000 Commercial Vehicles 35,000 30,000 Accumulated Depreciation O $60,000 O $70,000 O $100,000 $80,000

What is the total value of tangible assets that will be reflected in the balance sheet? Land 5,000 Building 40,000 Plant and Equipment 20,000 Commercial Vehicles 35,000 30,000 Accumulated Depreciation O $60,000 O $70,000 O $100,000 $80,000

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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Input area: Initial investment Pretax salvage value Cost savings per year Cost savings per year $ Working capital reduction Annual depreciation charge Aftertax salvage value 69 69 69 SA SA SA SA $ 535,000 $ 30,000 $ 150,000 100,000 $ 60,000 $ 107,000 $ 22,800 Tax rate Required return *Depreciation straight-line over life 24% 11% 5 Output area: NPV 150,000 cost savings $ 100,000 Year Cash flow Year 0 $ (475,000) 0 $ 1 139,680 1 2 139,680 234L 139,680 139,680 5 102,480 Accept/Reject Required pretax cost savings: NPV w/o OCF Required OCF OCF less dep. tax shield Cost savings $ 69 69 69 $ (497,076.39) $ 134,494.11 108,814.11 2345 cost savings Cash flow (475,000) 101,680 101,680 101,680 101,680 64,480
Input area: Installation cost Pretax salvage value Operating cost per year Initial NWC Tax rate Discount rate *Depreciation straight-line over life Output area: Annual depreciation charge Aftertax salvage value OCF NPV $ SA SA SA GA $ 385,000 $ 60,000 $ 135,000 35,000 21% 10% ᏌᏊ Ꮚ Ꮚ $ 77,000 $ 47,400 $ 122,820 5
A cash-generating unit comprises the following assets: £000 Goodwill 440 Land 2,560 Plant and equipment 800 3,800 One of the pieces of equipment, carried at £160,000, is damaged and will have to be scrapped. The recoverable amount of the cash-generating unit is estimated at £3,000,000. What will be the carrying amount of the land after the impairment loss has been recognised? a. £2,111,472 b. £2,285,716 c. £2,021,052 d. £2,400,000 e. £300,000
A company has bottling equipment which cost $77 million, has a net book value of $4 million, estimated future cash flows of $3.3 million, and a fair value of $2.7 million. How much is the asset impairment loss? Multiple Choice $5.00 million $0.70 million. $4.00 million, $1.30 million.
Calculate the assessed value of the piece of property: Assessment rate Market value Assessed value 80% $210,000
A cash-generating unit comprises the following assets: £000 Goodwill Land Plant and equipment Select one: a. £2,285,716 b. £2,400,000 O c. £300,000 O d. e. 440 £2,021,052 £2,111,472 2,560 One of the pieces of equipment, carried at £160,000, is damaged and will have to be scrapped. The recoverable amount of the cash-generating unit is estimated at £3,000,000. What will be the carrying amount of the land after the impairment loss has been recognised? 800 3,800
Net intangible assets 2035 1,851,000 2034 970,000 The client provided further details regarding the intangible assets as follows: 2034 720,000 250,000 0 970,000 1 Customer list 2 Goodwill 3 Trademark XYZ Total net intangible assets 2035 1,100,000 237,500 513,500 1,851,000
N6 A new machine tool is being purchased for $260,000 and is expected to have a $36,000 salvage value at the end of its 5-year useful life. Assume any remaining depreciation is claimed in the last year. Compute the depreciation schedules for this capital asset, using the following methods: (a) Straight-line depreciation (b) MACRS Note: No statement is required for this problem.
kk. Subject :- Accounting
The amount of the average investment for a proposed investment of $158,000 in a fixed asset with a useful life of 4 years, straight-line depreciation, no residual value, and an expected total income of $23,700 for the 4 years is a.$23,700 b.$39,500 c.$79,000 d.$5,925