Please explain assets?
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Please explain assets?????
Assets Value
Land
- $1,750,500
- Scanners
- $99.98 per scanner that is needed
- Value of building
- $500,000
- Up-to-date computers (hp spectre x360)
- $1,399.99 per computer needed
- Microsoft Office 2019 Professional subscriptions will be $149.99 per user
- A Github subscription $252 per year
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- A business is considering purchasing a piece of new equipment for $200,000. The equipment will generate the following revenues: Year 1: $50,000Year 2: $50,000Year 3: $50,000Year 4: $60,000The machine can be sold at the end of the year four for $25,000. Assume a discount of 8%. 3. Based on your above calculations, should they purchase the new piece of equipment? Why?An apartment building is generating income of $250000. Maintenance expenses total 40% of this income and vacancy loss is 12% of income. The market supports a capitalization rate of 12.75%. Using the income capitalization approach, what is the years to purchase? Please show formula for solution without using financial calculator or excel. I am using a texas instruments calculator.What numbers do I put in the PMT formula on excel? Craig has decided to start snow plowing during the winter months. He purchased a heavy-duty dump truck with plow and salter from Power Equipment for $40,000 on October 1st, 2026. He paid $1,000 as a down payment and the remaining balance on a 5% -7 year note to Power Equipment. You will be completing several accounting activities in regards to this purchase. 1. Prepare amortization schedules in Excel for the purchase of the Truck with snow plow. Craig wants to know the total interest cost if he made monthly payments or quarterly payments. You will calculate the payments using the PMT function. Your amortization table should show the principal and interest amount for each payment for the entirety of the loan. The payments will begin on December 1st, 2026.
- On 1 May 2020, Ron Trading purchased a new machine. The following paymentsrelate to the machine.List price $21,500Purchase discount $2,000Transportation cost $300Repair of damage parts incurred in transporting the machine $1,000Fees paid to test the machine before use $500Fees paid to the installer to install the machine $800Machine operator’s salary for the first month of operation $3,000Maintenance costs for the first month of operation $300(i) Identify and compute the cost of the machine to be recognised. Explainyour reasoning.(ii) Journalise the transactions. Assume the above payments are paid in cash.Please answer the following questions with complete solution. Thank you so much. I need those 2 questions. Please answers it!! 1. XYZ Inc. started construction of a new plant facility on January 1, 2018 with specific borrowings amounted to P4,000,000; 10% interest and one-year term. Part of specific borrowings were used for other business requirements. Interest income earned while the loan is not yet fully utilized amounted to P24,000 which was received on September 1, 2018. Expenditures for the new plant facility amounted to P3,600,000 which was incurred evenly during the year. Question: What is the capitalizable borrowing cost? 2. On January 1, 2016, Leyte Company received a P24,000,000 government grant from the Philippine Government to compensate for costs to be incurred in restoring an open field destroyed by a typhoon “Yolanda”. The Company will incur the following costs: P1,000,000 for 2016; P4,000,000 for 2017 and P7,000,000 for 2018. What is the amount of income from…Your business operates on January 1 to December 31 calendar year basis. On April 1, 2020 you purchased a new delivery truck for your business. The truck was imported from India. The price of the truck is $50,000. Other costs related to truck are as follows: insurance during transporatation $2,000, painting and lettering your company logo $500, one year road insurance $1,000, sales taxes and fees $2,500, oil and lubricants for the truck $500, import taxes $5,000. The truck's estimated useful life is 7 years and you expect that the salvage value of the truck will be $1,000. It will be depreciated using the double declining method. Your task: Using the double declining method, prepare a full depreciation schedule for the truck. Assume that on December 31, 2024, you sell this truck for $12,000. Prepare a journal entry for this sale. Assume on December 31, 2025 the truck is destroyed in an accident and have to be disposed with no salvage. Prepare a journal entry for the disposal. Assume…
- Speed-ee Delivery is purchasing a new truck for its fleet. It pays the following costs at the time of the purchase. Cost Amount Purchase Price $ 60,000 Title Fees 1,800 Sales Tax 4,200 Insurance for the 1st year 3,000 What is the amount that Speed-ee Delivery will record as an Equipment asset for the purchase of the truck?An employee was provided with a company car for all of 2023. The car originally cost $50,000 and has a current net book value of $10,000. The car was driven a total of 40,000 km - 27,000 km was for driving to clients' offices, and 13,000 km for personal use. The company paid the $6,550 of operating expenses. What would be the minimum amount of the total automobile benefit for 2023 (round to nearest dollar)? Multiple Choice $6,550 $11,697 $12,088 $14,348I already got Requirment 1, 2 & 3 answered and you please provide answers to the rest of the requirments. Recently the Ace Manufacturing Company purchased an office building and a new computersystem. Below is the information about these two new items of Property, Plant, & Equipment.The following are the facts for the office building:Date on which the building was purchased .... April 1, 2021Purchase price ............................................... $1,800,000Method of payment ........................................ paid $300,000 cash – signed a note forthe remainder of the purchase priceEstimated life ................................................. 50 yearsEstimated value at the end of 50 years .......... $0Depreciation method ...................................... Straight-LineThe following are the facts for the computer system:Date on which computer was purchased ........ May 1, 2021Purchase price ............................................... $58,800Method of payment…
- A business is considering purchasing a piece of new equipment for $200,000. The equipment will generate the following revenues: Year 1: $50,000 Year 2: $50,000 Year 3: $50,000 Year 4: $50,000 The machine can be sold at the end of the year four for $25,000. Assume a discount for 8%. 1. What is the net present value (NPV)? Select one: A. -7890.99 B. 7899.99 C. -8,667.61 D. 9100.54 2. A business is considering purchasing a piece of new equipment for $200,000. The equipment will generate the following revenues: Year 1: $50,000 Year 2: $50,000 Year 3: $50,000 Year 4: $60,000 The machine can be sold at the end of the year for $25,000. Assume a discount of 8%. What is the compounded raturn (IRR) for this project?The following costs pertain to a new delivery truck that was purchased on March 31, 2020. All costs were paid in cash. Calculate how much the truck will be capitalized as an asset for the truck. How much will be expensed? You are not required to prepare a journal entry. Cost of Truck $30,000 Delivery charges $1,300 Ongoing gasoline purchases each week $ 200 Sales Tax $2,100eBook Show Me How Video Average Rate of Return The following data are accumulated by GreenApple Motors Inc. evaluating two competing capital investment proposals: Testing Equipment Diagnostic Software Amount of investment $40,000 $72,000 Useful life 4 years 5 years Estimated residual value $0 $0 Estimated total income over the useful life $5,200 $19,800 Determine the expected average rate of return for each proposal. If required, round to one decimal place. Testing Equipment fill in the blank 1 % Diagnostic Software fill in the blank 2 %