Question
In: Accounting
Fixed Asset Discussion: Identify a type of company in your pathway that might purchase fixed assets...
Fixed Asset Discussion:
- Identify a type of company in your pathway that might purchase fixed assets (see suggestions below).
- List 5 fixed assets that they might purchase to run their business.
- Select one depreciable fixed asset. Based on research suggest what the cost, residual value and estimated life might be for that fixed asset.
- Using your assumptions above, calculate:
- Straight-line depreciation and book value for each of the first two years
- Declining Balance depreciation and book value for each of the first two years
- Units of Production depreciation (make assumptions about the first two year’s use), and book value for each of the first two years.
- Suggest which depreciation method might be more appropriate and why.
- pathway is healthcare-Health Sciences: Health Care Services, Healthcare Products, Hospital, Household Products, Chemicals
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Fixed Asset Discussion: Identify a type of company in your pathway that might purchase fixed assets...
Fixed Asset Discussion:
Identify a type of company in your pathway that might purchase
fixed assets (see suggestions below).
List 5 fixed assets that they might purchase to run their
business.
Select one depreciable fixed asset. Based on research suggest
what the cost, residual value and estimated life might be for that
fixed asset.
Using your assumptions above, calculate:
Straight-line depreciation and book value for each of the first
two years
Declining Balance depreciation and book value for each of...
Fixed Asset Discussion: Identify a type of company in your pathway that might purchase fixed assets...
Fixed Asset Discussion:
Identify a type of company in your pathway that might purchase
fixed assets (see suggestions below).
List 5 fixed assets that they might purchase to run their
business.
Select one depreciable fixed asset. Based on research suggest
what the cost, residual value and estimated life might be for that
fixed asset.
Using your assumptions above, calculate:
Straight-line depreciation per year.
Declining Balance depreciation for each of the first two
years
Units of Production depreciation (make assumptions about...
Your company is evaluating a project that will require the purchase of an asset with a...
Your company is evaluating a project that will require the
purchase of an asset with a price of $16,000 the shipping will cost
an additional $1,500 and installation will be $850. The new project
will require an increase in inventory of $300, an increase in A/R
of $200 and an increase in A/P of $100 in the initial period.
Assuming tax rate of 30%, what is the initial outlay, in year 0,
for this project?
Using fixed asset disclosure to compare companies'/Fixed asset turnover and average age of depreciable assets The...
Using fixed asset disclosure to compare
companies'/Fixed asset turnover and average age of depreciable
assets
The following PP & E information
for fiscal year 2017 is available:
Harley Davidson
Amazon
( in millions)
Walgreens
Net sales
$4,915
$107,006
$117,351
Historical cost
$3,285.3
$68,573
$22,935
Accumulated depreciation
2,317.5
19,707
8,600
Net PP & E
$ 967.8
$48,866
$14,335
Annual depreciation
222
11,478
1,718
Capital expenditures
206
11,995
1,325
Depreciation method
SL
SL
SL
Useful life- Buildings
30
20-40
20-50
Useful life-...
Red Bear Ltd. purchased several intangible assets, as follows: Asset Purchase Cost Asset Purchase Cost Licence...
Red Bear Ltd. purchased several intangible assets, as
follows:
Asset
Purchase Cost
Asset
Purchase Cost
Licence
$76,000
Patent
$173,000
Customer list
62,700
Copyright
252,000
The following information is also available:
●
In addition to the costs listed above, there were legal fees of
$15,000 associated with the licence acquisitions. The licences are
valid in perpetuity, and sales of the products produced under the
licences have been strong and are expected to continue at the same
level for many decades.
●...
Q1: Your company is evaluating a new project that will require the purchase of an asset...
Q1: Your company is evaluating a new project that will require
the purchase of an asset for $22,000
installed. The asset will be depreciated S/L for 5 years to a
zero salvage.
Your company is expecting the asset to have a market value of
$5,500 at the end of 4 years.
The applicable tax rate is 30% and the cost of capital is
12%
a) Calculate the after tax asset value for the asset at the end
of 4 years....
1. Your company is evaluating a new project that will require the purchase of an asset...
1. Your company is evaluating a new project that will require
the purchase of an asset for $22,000 installed. The asset will be
depreciated S/L for 5 years to a zero salvage. Your company is
expecting the asset to have a market value of $5,500 at the end of
4 years. The applicable tax rate is 30% and the cost of capital is
12%
a) Calculate the after tax asset value for the asset at the end
of 4 years....
Below is the useful life list of some fixed assets (tangible assets). Asset Class Description of...
Below is the useful life list of some fixed assets (tangible
assets).
Asset Class
Description of Asset
Useful Life (years)
01.01
Office furniture
5
02.04
Information systems (computers & printers)
3
03.02
Vehicles (automobiles)
4
04.01
Buildings
40
05.03
Machineries (plastic fabrication)
7
05.04
Machineries (metal fabrication)
10
ABC Corporation sold its old plastic injection machinery by the
end of its 5th year (May 2019). Sales price of this
transaction is 75 000USD. The purchase price of the machinery
was ...
Your audit client is in the construction industry. As such, the company has numerous fixed asset...
Your audit client is in the construction industry. As such, the
company has numerous fixed asset additions during the year, as well
as a material expense for equipment rental. In your planning phase
of the audit, you discover from conversations with the audit
client's accounting personnel that there appears to be a lack of
understanding on the correct accounting treatment for capital
leases versus operating leases for equipment. Based upon this
information, what relevant assertion(s) for fixed assets should you...
Discussion topic 1: Noncash Asset Misappropriation Select a type of noncash asset misappropriation fraud scheme and...
Discussion topic 1: Noncash Asset
Misappropriation
Select a type of noncash asset misappropriation fraud scheme and
explain how it might occur. Discuss several techniques to detect
this type of fraud and at least one internal control that would
reduce this fraud risk.
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