For a radiograph acquired with automatic exposure control, an increase in which of the following factors will increase patient skin dose the most?

A. Tube current (mA)

B. Tube voltage (kV)

C. Patient thickness

D. patient-to-detector distance

E. Source-to-detector distance

New lithographic equipment, acquired at a cost of $800,000 at the beginning of a fiscal year, has an estimated useful life of five years and an estimated residual value of $90,000. The manager requested information regarding the effect of alternative methods on the amount of depreciation expense each year. On the basis of the data presented to the manager, the double-declining-balance method was selected.

In the first week of the fifth year, the equipment was sold for $134,570.

Required:

1. Determine the annual depreciation expense for each of the estimated five years of use, the accumulated depreciation at the end of each year, and the book value of the equipment at the end of each year by the following methods:

a. Straight-line method

b. Double-declining-balance method

The Clarke Co. acquired a machine on May 1, 2006, at a cost of $60,000. The machine is expected to have a ten-year life and a residual value of $5,000. The estimated lifetime output from the machine is expected to be 55,000 units. Under which of the following depreciation methods would the depreciation charge be the greatest in 2006, if 9,100 units were produced in that year?

Question 4

A machine was acquired on January 1, 2015, at a cost of $80,000. The machine was originally estimated to have a residual value of $5,000 and an estimated life of 5 years. The machine is expected to produce a total of 100,000 components during its life, as follows: 15,000 in 2015, 20,000 in 2016, 20,000 in 2017, 30,000 in 2018, and 15,000 in 2019.

Instructions

(a)   Calculate the amount of depreciation to be charged each year, using each of the following methods:

       1.    Straight-line method

       2.    Units-of-production

       3.    Double diminishing-balance

(b)   Which method results in the highest depreciation expense during the first two years? Over all five years?

please answer this in microsoft word

2. You are the CEO of a US manufacturing company. You are being acquired by a large Japanese company who wants to incorporate your products as a component in their final products. They currently use the Kaizen Costing system and they have indicated that beginning next year, the US Company will use the same system. The CFO wants to understand better the differences and how it will change her responsibilities. How do you help her understand those differences? What plans would you make for the transition to Kaizen costing?

Discuss several advantages and disadvantages to the shareholders in a target entity that is acquired via taxable stock acquisition vs. a taxable acquisition of net assets? Provide recommended negotiation points for each transaction. Discuss several advantages and disadvantages to the acquiring entity? Include recommended discussion points to consider in determining each transaction type.

The only asset acquired by Don, Inc., in 2019 was a new machine with a purchase price of $1,029,000. Don’s current-year taxable income before any Sec. 179 deduction is $60,000. If Don elected to treat the maximum possible amount of this cost as an expense in the current year rather than as a capital expenditure, the basis for determining the MACRS deduction is

A. $1,029,000 B. $969,000 C. $9,000
D. $0

[6] All of the following statements regarding the Sec. 179 deduction for 2019 are true except

A. The amount that is not deductible due to the taxable income limitation can be carried forward. B. The amount expensed cannot exceed the taxable income derived from any trade or business during the tax year.
C. The maximum deductible amount is reduced if property placed in service during the tax year exceeds $2,550,000.

D. The maximum cost that is deductible for tax year 2019 is $25,000.

[8] Juliet bought and placed in service computer equipment in 2019. She paid $10,000 and received a $2,000 trade-in allowance for her old computer equipment. She had an adjusted basis of $3,000 in the old computer equipment. Juliet used both the old and new equipment 90% for business and 10% for personal purposes. Her allowable Sec. 179 expense deduction is

A. $10,000 B. $13,000 C. $12,000 D. $10,800

New tire retreading equipment, acquired at a cost of $110,000 at the beginning of a fiscal year, has an estimated useful life of four years and an estimated residual value of $7,500. The manager requested information regarding the effect of alternative methods on the amount of depreciation expense each year. On the basis of the data presented to the manager, the double-declining-balance method was selected.

In the first week of the fourth year, the equipment was sold for $18,000.

Determine the annual depreciation expense for each of the estimated four years of use, the accumulated depreciation at the end of each year, and the book value of the equipment at the end of each year by (a) the straight-line method and (b) the double declining- balance method.

a. Straight-line method

b. Double-declining-balance method

2. On January 1, journalize the entry to record the sale. Refer to the Chart of Accounts for exact wording of account titles.

PAGE 1

JOURNAL

3. On January 1, journalize the entry to record the sale, assuming that the equipment sold for $10,500 instead of $18,000. Refer to the Chart of Accounts for exact wording of account titles.

PAGE 1

JOURNAL

At the beginning of 2021, VHF Industries acquired a machine with a fair value of $7,779,300 by issuing a five-year, noninterest-bearing note in the face amount of $10 million. The note is payable in five annual installments of $2 million at the end of each year.

REQUIREMENT:

1. What is the effective rate of interest implicit in the agreement? 2. Prepare necessary journal entry

2a. Record the purchase of the machine

2b. Record the first installment payment December 31, 2021

2c. Record the second installment payment at December 31, 2022

3. Suppose the market value of the machine was unknown at the time of purchase, but the market rate of interest for notes of similar risk was 9%. Prepare the journal entry to record the purchase of the machine

At the beginning of 2018, VHF Industries acquired a equipment with a fair value of $9,947,400 by issuing a three-year, noninterest-bearing note in the face amount of $12 million. The note is payable in three annual installments of $4 million at the end of each year. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

Required:

1. What is the effective rate of interest implicit in the agreement?
2. to 4. Prepare the necessary journal entry.
5. Suppose the market value of the equipment was unknown at the time of purchase, but the market rate of interest for notes of similar risk was 9%. Prepare the journal entry to record the purchase of the equipment.

Required 1

Required 2 to 4

Required 5

What is the effective rate of interest implicit in the agreement?

.

Journal Entries.

1. Record the purchase of the equipment.

2. Record the interest expense.

3. Record the interest expense.

Suppose the market value of the equipment was unknown at the time of purchase, but the market rate of interest for notes of similar risk was 9%. Prepare the journal entry to record the purchase of the equipment. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollar.)

Journal entry worksheet

Record the purchase of equipment.

Note: Enter debits before credits.