In: Accounting
1. d) 27,512
Year | Book Value Year Start | Depreciation % | Depreciation Expense | Accumulated Depreciation | Book Value year end |
1 | 80,000 | 10% | 8,000 | 8,000 | 72,000 |
2 | 72,000 | 10% | 7,200 | 15,200 | 64,800 |
3 | 64,800 | 10% | 6,480 | 21,680 | 58,320 |
4 | 58,320 | 10% | 5,832 | 27,512 | 52,488 |
2. False
3. False
4. d.Additional disclosures only
5. d.0.8
Net Income | 200,000 |
Preferred Dividend | 40,000 |
Net Income for Common shareholders | 160,000 |
No. of Common shares | 200,000 |
EPS | 0.8 |
6. c.Increase of Accounts Receivable
7. b.Payment of dividend
8.d.current ratio
9.a.Take the $1M
10.a.Discount
11.$25,000/6 months
12.76.31