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How much must the company deposit today

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Q1) A company wants to accumulate $285,000 in 7 years. How much must the company deposit today in an investment fund that earns 12% annual interest compounded semiannually?

Q2) A company is testing its machinery for impairment. The machinery has a fair value of $123,000, a book value of $139,000, and expected future cash flows of $134,000. What account(s) and amount could be credited in the journal entry to record impairment?

Q3) A company has two subsequent expenditures on its equipment: Expenditure A reinstalls the equipment to make production more efficient; and Expenditure B replaces the equipment's cutting blade making the units produced of higher quality. Which of these subsequent costs would be capitalized?

Reference no: EM132959854

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