System X System Y First cost, $ -45,000 -65,000 Annual operating cost, $ -21,800 -14,000 Salvage value, $ Life, years 3,000 6,000 5 5
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A:
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A:
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Determine the sum of the cash flows in the incremental difference column (i.e., Y-X) for systems X and Y.
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- Problem 6Four, Inc. provided the following balances at the end of the current year:Wasting asset, at cost P20,000,000Accumulated depletion 2,500,000Share capital 50,000,000Capital liquidated 1,800,000Retained earnings 1,500,000Depletion based on 50,000 units at P20 per unit 1,000,000Inventory of resource deposit 100,000Required:a. Compute the maximum dividend that can be declared.b. Prepare the journal entry to record the declaration of P2,000,000 dividend.28 - IR şletme our total net assets acquired 1,000,000 due to the cost of TL Green aş. £ 800,000 potential customers. Which of the following accounts is debited in the record that needs to be made regarding this transaction? a) Accumulated Depreciation Hs. B) Goodwill Hs. NS) Special Costs Hs. D) Establishment and Organization Expenses Hs. TO) Preparation and Development Expenses Hs.Given the problem: Conduits made of Timber First Cost $ 50,025.34 Estimated Life 13 years Scrap Value $ 2,992 Annual Maintenance $ 1,301 Interest 0.086 What is the Capitalized Cost?
- Rodgers Company purchased equipment and these costs were incurred: Cash price $55,000 Sales taxes 3,600 Insurance during transit 640 Installation and testing 860 Total costs $60,100 Group of answer choices $55,000 $58,600 $59,240 $60,100Lotus contractors construction. Building cost= $13650000. Weighted average accumulated expenditures = $5600000 Actual interest was $562000, and avoidable interest was $272000. If the salvage value is $1150000, and the useful life is 40 years, depreciation expense for the first full year using the straight-line method is A.$319300 B.$348050 C.$326100 D.$459300Q.A company purchased an asset that has an installed cost of $3,000,000. The asset qualifies for a 20% CCA rate. What is the beginning UCC for year 2?
- On December 31 Y1, the Company ARL develop a Product: Master 3D. The disbursement associate to the Product are the following: Research $6,000,000 and Development $4,000,000. The criteria have been met for recognition of the development costs as an asset. Product Master D will be in the market in Year 2 and is expected to marketable for 5 years. Total sales of the product are estimated at $100,000,000. Instructions: Using IAS 38, determine the effect of the Research & Development costs have on Company’s Net Income. Answer the following questions. 1. Choose one and explain Net Income using IFRS will be in Year 1: a. Higher by $________ larger than U.S. GAAP income. b. Lower by $________ larger than U.S. GAAP income. c. Both will be the same. 2. Explanation: 3. Year 3 (ending balance) Determine the Book Value of the asset 4. Explanation:On December 31 Y1, the Company ARL develop a Product: Master 3D. The disbursement associate to the Product are the following: Research $6,000,000 and Development $4,000,000. The criteria have been met for recognition of the development costs as an asset. Product Master D will be in the market in Year 2 and is expected to marketable for 5 years. Total sales of the product are estimated at $100,000,000. Instructions: Using IAS 38, determine the effect of the Research & Development costs have on Company’s Net Income. Answer the following questions. 1. Choose one and explain Net Income using IFRS will be in Year 1: a. Higher by $________ larger than U.S. GAAP income. b. Lower by $________ larger than U.S. GAAP income. c. Both will be the same. 2. Explanation: 3. Year 3 (ending balance) Determine the Book Value of the asset 4. Explanation: Show you computations.ng Enabled: Final Exam S23An energy production company has the following information regarding the acquisition of new gas-turbine equipment.Purchase price = $820,0002Transoceanic shipping and delivery cost = $4,300Installation cost (1 technician at $1,600 per day for 4 days) = $6,400Tax recovery period = 12 yearsBook depreciation recovery period = 8 yearsSalvage value = 12% of purchase priceOperating cost (with technician) = $185,000 per yearThe manager of the department asked your friend in accounting to enter the appropriate data into the tax-accountingprogram. What are the values of B, n, and Sin depreciating the asset for tax purposes that he should enter?The value of B is determined to be $The value of Sis determined to be $The value of n is determined to beSavedyears.
- 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 870,000Purchase date: 31-Dec-20 Purchase price: $ 4,000,000 Additional expenditures $ 5,000,000 Useful life (years) 18 Total est. output 2,500,000 Decommissioning cost $ 2,750,000 Discount rate 5% 2021 output 115,000 Required a) Prepare all journal entries for the years ended December 31, 2020 and 2021. b) The mining operations ceased on December 31, 2034. A total of 2,000,000 ounces were mined at the end of December 31, 2033. A total of 225,000 ounces were mined during the year ended December 31, 2034. Write all journal entries at December 31, 2034.E 12-9 Research and Development Cost In 2019, Lalli Corporation incurred R&D costs as follow: Materials used from inventory 100,000 Personnel in R&D lab 100,000 Allocation of the cost of utilities and maintenance costs of the R&D facility 50,000 These costs relate to a product that will be marked in 2020. The company estimates tht these costs will be recouped by December 31, 2020. Required: 1. What is the amount of R&D cost expensed in 2019? 2. Would your answer change if the materials were purchased and not used or if the utilities and maintence costs were related to the corporate offices?