Determine the value of the terminal loss or recapture

Assignment Help Financial Accounting
Reference no: EM132831691

Question - Pelham Corporation purchased a long-term asset for $150,000. The asset has a 25% CCA rate. At the end of year 3, Pelham sold the asset for 70,000. Given this information, determine the value of the terminal loss or recapture at the end of year 3.

Reference no: EM132831691

Questions Cloud

Examine one foreign country of interest : Provide details as to where the country was at least 25 years ago, in regards to innovation, and compare to where the country is today, in regards to innovation
Determine the role of corporate codes of conduct : -Recommend ideas you have for dealing with these issues. -Determine the role of corporate codes of conduct in dealing with these concerns.
How much is the net increase in the shareholders equity : Authorized Share capital is 500,000 shares at $10 par per share. How much is the net increase in the Shareholders' Equity of the above transactions
How uncertainty will devastate a business : What is uncertainty in a business environment - How opportunities could emerge through uncertainty and How opportunities could emerge through uncertainty
Determine the value of the terminal loss or recapture : Pelham sold the asset for 70,000. Given this information, determine the value of the terminal loss or recapture at the end of year 3
What is the history and purpose of osha : Provide examples of 3 OSHA standards and how they are observed in the workplace.
What is the current price of the bond : Now the bond has a yield to maturity of 12.25 percent, compounded semi-annually. What is the current price of the bond
Summary self-assessment of aol : Imagine that you are Steve Case's lead negotiation strategist preparing to commence negotiations with Netscape. Based on the scenario described
Implications of changing laws from ethical-philosophical : Having experienced a robust debate discussion regarding if these two laws should be flexible, it is time to shift gears a bit and consider the broader implicati

Reviews

Write a Review

Financial Accounting Questions & Answers

  Calculate cash flow and npv

Calculate cash flow and NPV.  - What is the sensitivity of NPV to changes in the sales figure.  - Explain what your answer tells you about a 500-unit decrease in projected sales.

  Solve the amount of dividends that would be paid

Massive Corp. is authorized to issue unlimited $0.60 no-par preferred shares, Calculate the amount of dividends that would be paid to each share class

  What is the companys pretax cost of debt

Advance, Inc., is trying to determine its cost of debt. - What is the company's pretax cost of debt? -  If the tax rate is 35 percent, what is the aftertax cost of debt?

  Material yr has fluctuated in price over period 10th april

material yr has fluctuated in price over period 10th april 2013 and the main accountant is unsure what price to cost

  Explain differences in disclosure made by the two companies

From a review of the last two years i.e., 2009 and 2010 annual reports of two Australian firms listed on the Australian Stock Exchange (ASX).

  Find what total amount of serial bonds should be reported

10% commodity backed bonds, P500,000 maturing annually starting in 2021 P2,000,000. What total amount of serial bonds should be reported?

  Vorteck purchase new machine to replace exist

The new sewing machine would be depreciated according to the declining-balance method at a rate of 20%. The salvage value is expected to be $379,200. This new equipment would require maintenance costs of $95,900 at the end of the fifth year. The c..

  Is yokohama greater amount of residual income an indication

For each division, compute the return on investment (ROI) in terms of margin and turnover. Where necessary, carry computations to two decimal places.

  What level of supplies and inventory should you maintain

How many employees do you need? Do you need new equipment? What level of supplies and inventory should you maintain? What is your targeted revenue?

  Purpose bank reconciliation

Purpose bank reconciliation.  Use a format like the one shown on page 370, Illustration 8-12. For the Conference, you should show the adjusted cash balance,

  Find and determine how much will have in account

If you make 24 equal contributions each year to max out the benefits, how much will you have in your account when you turn 70 years old?

  Cash equal to the present value of the payments

Pay $420 per month for 9 months and an additional $11,500 at the end of 9 months. The dealer is charging 24 percent per annum. When you buy the car, pay cash equal to the present value of the payments in option (a). Determine how much cash the dealer..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd