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Question - On January 1, 2017 Nash Co. purchased a building and equipment that have the following useful lives, salvage values and costs
Building- 40 years estimated useful life, $48000 salvage value, $814400 cost
Equipment- 12 years estimated useful life, 10400 salvage value, 95000 cost
The building have been depreciated under the double-declining balance method through 2020. In 2021 the company decided to switch to the straight-line method of depreciation. Nash also decided to change the total useful life of the equipment to 9 years, with a salvage value of $5,200 at the end of that time. The equipment is depreciated using the straight-line method.
Required -
(a) Prepare the journal entry necessary to record the depreciation expense on the building in 2021.
(b) Compute depreciation expense on the equipment for 2021.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
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CAPM and Venture Capital
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