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Problem 1: White Co. purchased four convenience store buildings on January 1, 2003 for a total of P22,000,000. The buildings have been depreciated using the straight-line method with a 20-year useful life and 5% residual value. As of January 1, 2010, White Co. has converted the buildings into Internet Learning Centers. Because of the change in the use of the buildings, White is evaluating the buildings for possible impairment. White estimates that the buildings have a remaining useful life of 10 years and that their residual value will be zero and net cash inflow from each building will be P500,000 per year and appropriate discount rate that reflects current market assessments of time value of money is 12%. Present value of annuity for the discount rate for 10 periods is 5.65. The fair value less cost to sell of the four buildings is not clearly determinable. What amount of impairment loss, if any, should be recognized?
The company sold additional common stock amounting to $28,500. As a result, the amount of its retained earnings at the end of the year would be?
Assuming a net income of P88,000 for the year, the total profit share of partner Lemuel was? PJ, Ian, and Lemuel are partners in an accounting firm.
What is the future value in 16 years of an ordinary annuity cash flow of $664 every quarter of a year at the end of the period
What contingency variables manager needs to consider to manage all local branches and Malaysian branch easily
How much potential loss would Taunton College retain per occurrence? The Risk Manager at Taunton College dreams a big dream that one day Taunton College
Explain why companies develop predetermined overhead rates. Explain why the increase in the overhead rate should not have a negative financial impact on Borealis Manufacturing.
Calculate the new bond price. Show all your calculator inputs and adjustments made and calculate the total interest amount you will pay over the life of the loan
Grande Ltd recently paid a dividend of $0.25 on its ordinary shares. If the required rate of return is 6%, what is the current value of the share?
Should still measure "Satisfaction with the Website" bearing in mind that will measure information quality, system quality, interactivity
Reversing Rapids has a tax rate of 30%. The asset is sold at the end of year 4 for $11,589. Calculate accumulated depreciation over 4 years
The fair value of the forward contract is P4,000. What amount of gain on forward contract should Ethel Company recognize on December 31, 2020?
Under conventional assumptions, what is the TOTAL cash flow expected from this project in the terminal year (year 4)? Answer to the nearest dollar.
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