Green Co. has a machine with a total cost of $70 million, and
the machine is placed in service at the beginning of 2018. The
machine is depreciated using the the sum-of-the-years'-digits
method with 10-year useful life and $4 million in residual value.
At the beginning of 202, Green decides to change to the
straight-line method with 11-year useful life and $5.6 million in
residual value.
Required: How much is the depreciation expense
related to the machinein 2021? Please share the
Calculation and Journal Entry
recorded in 2021.
In: Accounting
4.5 If the total capital cost of the Section 4.6 plant design is $600,000,000 and the annual administrative and maintenance costs are one cent per kW-hr, what is the minimum cost of electricity per kW-hr, assuming an annual interest rate of 9% and an expected plant lifetime of thirty-five years?
4.24 Upon hiring on with Hot Stuff Engineering Company after graduation, you purchase a $30,000 automobile to establish an image as a prosperous engineer. You pay no money down, but 1% interest per month, compounded monthly, for four years. What are your monthly payments? What will your payments be if you are paying simple interest?
In: Finance
. A company purchased and installed a machine on January 1,
2012, at a total cost of $108,500. Straight-line depreciation was
calculated based on the assumption of a seven-year life and no
salvage value. The machine was disposed of on April 1, 2016.
(25 Points)
a. Prepare the general journal entry to update depreciation to
April 1, 2016.
b. Prepare the general journal entry to record the disposal of the
machine under each of these three independent situations:
(1) The machine was sold for $45,000 cash.
(2) The machine was sold for $36,000 cash.
(3) The machine was totally destroyed in a fire and the insurance
company settled the claim for $41,000 cash.
Answer:
a.
b.(1)
b.(2)
b.(3)
Please explain your calculations so it is easier to understand, thank you.
In: Accounting
You are evaluating a capital project for equipment with a total installed cost of $750,000. The equipment has an estimated life of 30 years, with an expected salvage value at the end of the project of $50,000. The project will be depreciated via simplified straight-line depreciation method. In addition, a working capital investment of $5,000 is required. The project replaces an old piece of equipment which is currently in service and is fully depreciated, but has an expected after-tax salvage value of $12,000. After replacing the old equipment, cash savings from decreased operating expenses are expected to amount of $200,000 per year. The firm;s marginal tax rate is 40 percent and the project cost of capital is 10%. What is the net present value of this project? Round to the nearest penny. Do not include a dollar sign in your answer.
I would really appreciate your help.
In: Finance
You are evaluating a capital project for equipment with a total installed cost of $750,000. The equipment has an estimated life of 30 years, with an expected salvage value at the end of the project of $50,000. The project will be depreciated via simplified straight-line depreciation method. In addition, a working capital investment of $5,000 is required. The project replaces an old piece of equipment which is currently in service and is fully depreciated, but has an expected after-tax salvage value of $12,000. After replacing the old equipment, cash savings from decreased operating expenses are expected to amount of $200,000 per year. The firm;s marginal tax rate is 40 percent and the project cost of capital is 10%. What is the net present value of this project? Round to the nearest penny. Do not include a dollar sign in your answer.
In: Finance
Acme Tools is considering the purchase of a new machine. The
total cost of the new machine is $48,000 and it has a 9-year
service life with no salvage value at the end of nine years. The
annual cash inflow will be 16% of the cost of the machine. If the
appropriate cost of capital is 6.0 percent, what is the discounted
payback period?
A. less than 8.0 years
B. more than 8.0 years but less than 8.3 years
C. more than 8.3 years but less than 8.6 years
D. more than 8.6 years but less than 8.9 years
E. more than 8.9 years
A firm is evaluating an investment proposal which has an initial
investment of $23,500, a cash inflow in year 1 that is presently
valued at $9,000, a cash inflow in year 2 that is presently valued
at $7,500. a cash inflow in year 3 that is presently valued at
$6,000 and a cash inflow in year 4 that is presently valued at
$5,500. The appropriate cost of capital is 5.0 percent. The net
present value of the investment is:
A. less than $100
B. more than $100 but less than $1,600
C. more than $1,600 but less than $3,100
D. more than $3,100 but less than $4,600
E. more than $4,600
In: Finance
Explain the factors that affect the firm's total cost, and explain the behaviour of a typical firms costs in the short run and long run. In addition, what determines the behaviour of a typical firm's costs in the short run and long run.
In: Economics
Explain the factors that affect the firm's total cost, and explain the behaviour of a typical firms costs in the short run and long run. In addition, what determines the behaviour of a typical firm's costs in the short run and long run.
In: Economics
Write a Java program in Eclipse to calculate the total cost to enter into a waterpark for a family/group
Ticket rates are listed below
kids (Age 12 and under)=$ 12.50
Regular( Age between12 -55) =$ 18.25
Seniors (55 and above) = $15.00
Tax =7%
Your program should ask the user to enter the total number of members in their group.
User needs to enter the ages for all members. Write appropriate error messages for invalid entries.
An array should be used to store the ages of the family members.
Based on the age it has to calculate the cost of each member and calculate the total cost including tax.
Your program should display
The number of tickets for each type
And the total cost for the group
After display your program should repeat the process until the user wants to stop.
Your program must use
Sample run of the program:
Welcome to our WATERPARK!!!
Please enter the number of members in your group. 7
Please enter the ages for each person in your group. 15 28 11 34 26 60 58
Please pay the total of $115.50 + 7% tax = $ 123.59
And pick up
1 Kid ticket
4 Regular tickets and
2 Senior tickets
Please Press a positive number for next customer, Negative number to end. 5
Welcome to our WATERPARK!!!
Please enter the number of members in your group.
In: Computer Science
Mary Ann is the wife of Kevin Lomax (an associate of John Milton) and earns a little extra money by making bee inspired accessories. She sells them on Saturday mornings in Central Park to joggers and other passerby’s. Sara charges $5 per accessory (unit) and has unit variable costs (beads, wire rings, etc.) of $2. Her fixed costs consist of small pliers, a glue gun, etc., which cost her $90.
a. Calculate Mary Ann’s break-even units
b. Prepare a profit-volume graph for Mary Ann
c. Prepare a cost-volume-profit graph for Mary Ann
PLEASE SHOW ALL WORK/CALCULATIONS & EXPLAIN HOW YOU CREATED THE GRAPHS IN EXCEL.
In: Accounting