Multifamily Revenues_Method 1_Solution

Revaluation Model- Market approach  Corona Co. Determined the following information for the purpose of revaluating its building: Historical cost                                                                      30,000,000 Accumulated depreciation                                                    9,000,000 fair Value                                                                           25,200,000 Remaining useful life (at a revaluation date )                         8 years  Depreciation Method                                                                  SLM Residual Value                                                                      1,200,000 Income tax rate                                                                               30% Requirements: a. Compute for the revaluation surplus, net of tax b. Provide the entry to record the revaluattion surplus using (1) proportional method and (2) Elimination Method. c. Determine the revised annual depreciation after…

d = ces Problem 6-22A (Algo) Accounting for acquisition of assets, including a basket purchase LO 6-1 Trinkle Company made several purchases of long-term assets during the year. The details of each purchase are presented here. New Office Equipment 1. List price: $41,100; terms: 2/10, n/30; paid within the discount period. 2. Transportation-In: $740. 3. Installation: $470. 4. Cost to repair damage during unloading: $624. 5. Routine maintenance cost after eight months: $150. Basket Purchase of Copler, Computer, and Scanner for $53,500 with Fair Market Values 1. Copier, $26,445. 2. Computer, $9,030. 3. Scanner, $29,025. Land for New Warehouse with an Old Building Torn Down 1. Purchase price, $82,400. 2. Demolition of building, $5,410. 3. Lumber sold from old building, $2,210. 4. Grading in preparation for new building, $9,500. 5. Construction of new building, $217,000. Required In each of these cases, determine the amount of cost to be capitalized in the asset accounts. Asset Office…

Requirements: HOW MUCH IS THE REVALUATION SURPLUS ON THE YEAR OF REVALUATION? HOW MUCH IS THE GAIN OR LOSS IF THE BLDG IS SOLD FOR P8MILLION ONE YEAR AFTER REVALUATION? HOW MUCH IS THE BLANCE OF REVALUATION SURPLUS AFTER THE SALE?

Requirements:  If the sales price is P1,000,000 which is equal to fair value compute the following under the buyer-lessor accounting Gross Investment Net Investment Unearned Interest Income Journal entries on January 1, 20x1

Problem 6. Sales and Leaseback On Januar y 1 20х1, Entity sold building to Entity and a simultaneously leased it back. Additional information follows : Fair value of building 1,000,000 Carrying amount of building 800,000 Remaining useful life of building 10 years Lease Term 5 years Annual rent payable at the end of each year 100,000 Implicit interest rate equal to market rate 12% The transfer qualifies as a sale. Requirements (Independent cases) : а. If the sales price is P1,000,000 which is equal to fair value compute t he following under the seller-lessee accounting i. Lease liability ii. Right of use Asset iii. Gain or Loss iv. Journal entries on January 1, 20x1 b. If the sales price is P1,000,000 which is equal to fair value compute the following under the buyer-lessor acco unting i. Gross Investment ii. Net Investment iii. Unearned Interest Income iv. Journal entries on January 1, 20x1 c. Same requirements in a and b but the sales price is P1,100,000 which is above the fair value…

PROPERTY INFO Tenant Street Address City State Zip APN GLA Lot Size Year Built FINANCIAL SUMMARY Dollar General Purchase Price $1,519,661* 511 Old Route 15 Cap Rate 6.80% Port Trevorton Net Operating Income $103,337 PA Price / SF $167 1/864 Rent/SF $40 05-05-003 *Offering 2.5% Fee to Buy-Side Broker CONTACT INFORMATION 9,100 SF Listing Agent Nina McGaughy 1.31 AC Phone Number (424) 325-2624 2019 INVESTMENT HIGHLIGHTS Absolute Net (NNN) Investment Dollar General operates on an Absolute Net (NNN) Lease with tenant fully responsible for maintenance, insurance and taxes providing the landlord with a low maintenance asset DOLLAR GENERAL Corporate Guarantee Dollar General Corporation (NYSEDG) is a fortune 500 company with over 80 years in business and $25.6 billion in revenue FY'18. w Open! Future Rent Growth-10% Increases In Each Option Period There are 10% rental increases built into the lease in each option period, providing the landlord with positive rent growth and a hedge against…

Property Details Purchase Price, Allocation & Classification Total Purchase Price - assume no mortgage loan (purchased and placed in service 9/1/Year 1) Building Allocation Land Allocation Depr Classification Capital Additions / Improvements #1 Capital Addition - in service 3/1/Year 2 #2 Capital Addition - in service 6/1/Year 3 Property Sale Sale Price of Property on 10/31/Year 5 Year 5 Estimated NOI Capitalization Rate Attorney Fee for Sale Marginal Tax Rate Capital Gains Tax Rate Mortgage Balance on 10/31/Year 5 Broker Fee for Sale $ 750,000 Commercial 70% 30% 50,000 $ 25,000 10/31/Year 5 $ 137,500 11% 550,000 $ 4% 3% 22% 15% 1. What is the Before Tax Sale Proceeds from the sale of the Property in Year 5? 2. What is the Adjusted Basis for the sale of the Property in Year 5? 3. What is the Gain or (Loss) for the sale of the Property in Year 5? 4. What is the Tax Expense for the sale of the Property in Year 5? 5. What is the After Tax Cash Flow from the sale of the Property in Year 5?

- Entity A acquires equipment on January 1, 20x1. Information on costs is as follows: Purchase price, gross of Php 10,000 trade discount Non-refundable purchase taxes Delivery and handling costs Installation costs 800,000 20,000 40,000 30,000 Present value of decommissioning and restoration Costs 10,000 How much is the initial cost of the equipment? a. 900,000 b. 820,000 c. 870,000 d. 890,000

Use the following information to answer the questionsProperty:Purchase Price$7,017,000Acquisition Costs$0Year 1 PGI$1,263,060PGI Growth Rate/year4.0%Year 1 Miscellaneous Income$0Miscellaneous Income Growth Rate/year0.0%Annual Vacancy and Collection Losses/year11.0%Year 1 Operating Expense$415,926Operating Expense Annual Growth Rate2.8%Year 1 Capital Expenditures$38,220Capital Expenditures Annual Growth Rate1.6%Holding period (years)5Property to be sold for NOI6 capitalized at (Terminal Cap Rate):7.5%Selling Expenses in year 56.5%Financing:LTV67%Loan Costs (% of Mortgage Value)1.40%Loan term (years)30Monthly Amortization / monthly paymentsLoan is a 2/2 ARMLoan Rate = T-Bill + 0.37%Teaser Rate3.420%T-Bill Rate at Initiation2.990%T-Bill on Reset Date 15.540%T-Bill on Reset Date 25.910%T-Bill on Reset Date 36.850%T-Bill on Reset Date 47.250%T-Bill on Reset Date 58.120%T-Bill on Reset Date 68.900%Pre-tax Required Return32.00% 1-Find the annual debt service in year 3 2-Find the Annual Debt…

The asset turnover from the following is: (Round to the nearest tenth) Gross Sales $60,000 //// Sales discount $3,000 II Sales returns and allowances $7,000 //// Total Assets $38,000 O a. 1.4 O b. 1.6 Oc. 1.5 O d. 1.3 A Moving to another question will save this response. «< Question 12 of 23 Sh Informative Top...docx の)

Given the following information, calculte the average percentage depreciation per year in this market: Sale 1 Sale 2 Sale 3 143 Golden road Dr. 201 Jasmine Dr. 831 E. 13th St. Address Net sale price (After adjustments) Estimated land value Site improvements value 505,000 160,000 545,000 525,000 135,000 160,000 15,000 13,000 15,600 395,000 Reproduction Cost Actual Age O 2.83% 495,000 404,000 8 6. 1.30% 2.62% O There is no enough information

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7. Germs Co. determined the following information for the 24,000,000 Revaluation model - Cost approach purpose of revaluing its building: Historical cost Accumulated depreciation 7,680,000 8 years Actual life 32,000,000 On 5 years P4, 20 years Replacement cost Effective life Remaining economic life Depreciation method SLM ife 30% th Income tax rate Requirements: a. Compute for the revaluation surplus, net of tax. b. Provide the entry to record the revaluation surplus using () Proportional method and (2) Elimination method. c. Determine the revised Re annual depreciation after tre revaluation.

Entity A acquires equipment on January 1, 20x1. Information on costs is as follows: Purchase price, gross of P10,000 trade discount 800,000 Non-refundable purchase taxes 20,000 Delivery and handling costs 40,000 Installation costs 30,000 Present value of decommissioning  and restoration costs 10,000   1.) How much is the initial cost of the equipment?   A. P 890,000 B. P 820,000 C. P 900,000 D. P 870,000

Calculate Admissible depreciation, Including Additional Depreciation Particulars Amount Rate 1 Building 15,00,000 10% 2 Plant & Machinery 18,00,000 15% Addition : 30-07-2020 2,00,000 15-03-2021 2,50,000 Sale of Plant (01-12-2020) 12,00,000 Computer (Bought on 19-12-2020) 1,00,000 40%

Fair value of plan asset, January 1, 2014                       2,000,000Total actual return on plan asset:   Interest income – actual                       200,000   Gain on remeasurement                      100,000            300,000Tax rate on defined benefit                                                15%Expected rate of return on the asset                                  7%Discount rate                                                                      6%Contribution during the year                                            500,000 What is the fair value of the plan asset as of December 31, 2014?

Abnormal credit terms ✨Tatenda ltd has bought a property , from a registered vendor , which the details are as follows: Cost price (including VAT) R695 400Agent commission R36 600Legal fees. R8 300Expenditure incurred to upgrade the property before occupying it R73 000 Tatenda limited is registered for VAT and the current VAT rate is 14%. The expenditure incurred was necessary because of the neglected state of the property was at the date of acquisition. The intention of Tatenda ltd is to rent this property out and earn rental income from it. Tatenda ltd incurred costs to the amount of R18 000 to secure tenants. REQUIREDCalculate the initial price the investment property must be recorded at

Calculate EBITDA I calculated $6,750,000 but I also calculated 6,507,692 - which one is correct? Operating costs (excl. depreciations & amortization): $4.5mDepreciation and amortization: $1.5mInterest: $0.7mNet Income: $2.8mTax Rate: 35%

ems i Your firm is considering purchasing a machine with the following annual, end-of-year, book investment accounts. Gross investment Less: Accumulated depreciation Net investment Year 0 Year 1 Year 2 Year 3 Year 4 $ 65,000 $ 65,000 $65.000 $ 65,000 $65,000 0 16,250 32,500 48,750 65,000 AAR $ 65,000 $48.750 $ 32.500 $ 16,250 $ 0 The machine generates, on average. $4.900 per year in additional net income. What is the average accounting return for this machine? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.. 32.16.) Saved

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The ending net book value of Property. Plant&Eiquipment (PPRE) in year l and year 2 re $00ad $430,000 respectively on Company A'sbalance sheet. The company's depreciationexpersein year Zis $90,000. Whatis Company A's net capital expenditure? O a $16000 Ob $9000 0. $340.00. 04 $20000

Pls complete required 1 and 2. Thanks!

Input area: Installation cost Pretax salvage value Operating cost per year Initial NWC Tax rate Discount rate Output area: Aftertax salvage value Year 1 OCF Year 2-5 OCF Year 5 net cash flow NPV EA SA SA GA $ 385,000 $ 60,000 $ 135,000 $ 35,000 21% 10% SA SA SA A $ 47,400 $ 187,500 $ 106,650 $ 189,050

in X ngagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Calculator Print Item Lease or Sell Plymouth Company owns equipment with a cost of $600,000 and accumulated depreciation of $375,000 that can be sold for $300,000, less a 4% sales commission. Alternatively, Plymouth Company can lease the equipment for four years for a total of $320,000, at the end of which there is no residual value. In addition, the repair, insurance, and property tax expense that would be incurred by Plymouth Company on the equipment would total $40,000 over the four-year lease. a. Prepare a differential analysis on August 7 as to whether Plymouth Company should lease (Alternative 1) or sell (Alternative 2) the equipment. Differential Analysis Lease Equipment (Alt. 1) or Sell Equipment (Alt. 2) August 7 Lease Sell Differential Equipment Effects Equipment (Alternative 1) (Arnative 2) (Alternative 2) $ 320,000 Revenues $300,000 600,000 Costs Profit (Loss)…

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Land and buildings: Cost (including ¢60m land). ¢380000  Accumulated depreciation at 1/1/2020 ¢64000   The company decided to change its accounting policy with respect to its 10 year old land and buildings from the cost model to the revaluation model. The revalued amounts at 1 January 2020 were GH¢800m (including GH¢100m for the land). No further revaluation was necessary at 31 December 2020. The company wishes to treat the revaluation surplus as being realised over the life of the asset.   Your are required to account for the above information.