In 1993, Windsor Company completed the construction of a
building at a cost of $2,160,000 and first occupied it in January
1994. It was estimated that the building will have a useful life of
40 years and a salvage value of $65,600 at the end of that
time.
Early in 2004, an addition to the building was constructed at a
cost of $540,000. At that time, it was estimated that the remaining
life of the building would be, as originally estimated, an
additional 30 years, and that the addition would have a life of 30
years and a salvage value of $21,600.
In 2022, it is determined that the probable life of the building
and addition will extend to the end of 2053, or 20 years beyond the
original estimate.
Using the straight-line method, compute the annual depreciation
that would have been charged from 1994 through 2003.
| Annual depreciation from 1994 through 2003 |
$ |
/ yr. |
Compute the annual depreciation that would have been charged
from 2004 through 2022.
| Annual depreciation from 2004 through 2021 |
$ |
/ yr. |
Prepare the entry, if necessary, to adjust the account balances
because of the revision of the estimated life in 2021.
(If no entry is required, select "No entry" for the
account titles and enter 0 for the amounts. Credit account titles
are automatically indented when amount is entered. Do not indent
manually.)
|
Account Titles and Explanation |
Debit |
Credit |
Compute the annual depreciation to be charged, beginning with
2022. (Round answer to 0 decimal places, e.g.
45,892.)
| Annual depreciation expense—building |
$ ? |
In: Accounting
On October 17, 2007, the classified ads on the web site of The Seattle Times listed the following 13 used Toyota Prius automobiles for sale; the data set below shows the year, color, mileage (in miles) and asking price (in U.S. dollars) for each car:
year color mileage price 2006 green 17043 25995 2007 gray 12628 24980 2005 maroon 24039 24885 2005 silver 48226 23995 2006 black 10522 22995 2004 silver 66345 21995 2007 white 5611 21995 2005 gold 24479 21595 2004 white 14618 20995 2005 silver 53699 20980 2004 silver 47649 17995 2003 white 39600 17500 2005 black 103126 16995
We wish to investigate a possible association between the mileageof each Prius and its price. You should construct a scatterplot of this data.
assume that a linear model is appropriate, regardless of your
answer to the previous question.
1. Find the equation of the regression line for this data that
predicts price based upon mileage:
2. Use the model to predict the asking price of a Toyota Prius with 450,000 miles, or explain why such a prediction is not appropriate:
3. Use the model to predict the asking price of a Toyota Prius with 45,000 miles, or explain why such a prediction is not appropriate:
4. Compute the residual for the green Prius:
In: Statistics and Probability
Within the uk, analyse how the a FX market of your choice has
been impacted by a recent political event of your choice. Include
charts to illustrate your analysis.
Your answer should include a brief outline of the political event
at the start of your answer. (750 words minimum) Thanks
In: Economics
In France and Germany, it is difficult for a household to increase its borrowing based on an increase in the market value of the house. In addition, large down-payments (as a percentage of the house price) are required for house purchases. 3. What do you conclude about the role of the financial accelerator in France and Germany compared with the UK and the US?
In: Economics
Why is it that heat pumps are rarely used in the UK to heat homes? However in a remote region there may be reason to use such a system. What type of system might you recommend and what would be the criterion to justify the heat pump as an alternative to a simple oil boiler?
GIVE FULLY EXPLAINED AND TYPED ANSWER
In: Mechanical Engineering
Which of the following securities are bought and sold through the capital markets?
a) A Certificate of Deposit
b) A Forward Rate Agreement with a 9-month maturity
c) T-Bills issued by the UK Government with 6 months to maturity
d) Equity shares of British Telecom
e) Commercial Paper issued by HSBC
In: Finance
Zachary is contemplating employing his cousin Sasha as a receptionist at Limelight Ltd. She will receive an annual salary of £17,900 and will be provided with a mileage allowance of 26p per mile for using her own bike to commute to work.
Requirement
Explain the tax consequences of the two issues described by Zachary. (UK Taxation)
In: Accounting
In: Economics
23. With reference to ‘Automatic Fiscal Stabilisers’ (AFS)
Define what you understand by the term Automatic Fiscal Stabilisers and provide an explanation as to how ‘Automatic Fiscal Stabilisers’ may work within the UK economy. Outline any problems that may arise when automatic stabilisers begin to take effect.
In: Economics
Discuss the implications that the 2008 recession ( that originated in the US) had on UK
1. Elaborate very briefly on the specific aspects of the event that you are going to examine. Assemble your facts and your evidence. What policies or other factors which helped precipitate the situation in UK
2. Map the event into a “shock” and trace the shock in one of the model diagrams you learned, discussing its macroeconomic consequences within the framework chosen. You may assume that the economy starts off in both short-run and long-run equilibrium.
3. Assess the government policy response, showing what the end impact was. Describe briefly what was actually done in practice, then represent it on a diagram.
(Step 1 – Place the macroeconomy in short- and long-run equilibrium.
Step 2 – Demonstrate the impact of the macroeconomic shock on the economy in the short run.
Step 3 – Demonstrate the impact of the policy response on the macroeconomy in the short-run.
Step 4 – Show the long run equilibrium of the economy after the initial shock and the policy response. Trace and explain this path on a diagram summarizing one of IS-LM MODELS )
4. Discuss the implications of the crisis for one set of individuals (for instance, households in that situation, a certain age group of the population, etc., certain groups of workers) and businesses (a specific firm or sector, your business sector or firm, etc.)
In: Economics