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Exercise 3 - Disposal of non-current assets Presented here are selected transactions for Cox Ltd for 2019. Jan 1 Scrapped a piece of machinery that was purchased on 1 January 2009. The machine cost $78 000 and had a useful life of 10 years with no residual value.
June 30 Sold office equipment that was purchased on 1 January 2016. The equipment cost $73 500 and had a useful life of 5 years with no residual value. The office equipment was sold for $30 000.
Dec. 31 Discarded a delivery truck that was purchased on 1 January 2015. The truck cost $40 500 and was depreciated based on an 8-year useful life with a $4500 residual value. Required Journalise all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable. Cox Ltd uses straight-line depreciation. The financial year-end is 31 December.
A zero-coupon bond with face value $1,000 and maturity of five years sells for $738.22. What is its yield to maturity?
A project will increase sales by $60,000 and cash expenses by $51,000. The project will cost $40,000 and will be depreciated using straight-line depreciation to a zero book value over the 4-year life of the project. The company has a marginal tax rat..
What is examples free cash flow and how can a company can use its free cash flow? Does a company have to pay off its fixed assets and capital expenditures first to recognize or have free cash flow available?
Our company is considering a project that will provide the following after tax cash flows to the firm: CF1 90,000 CF2 125,000 CF3 175,000 CF4 200,000 CF5 190,000 CF6 – 9 165,000 CF10 145,000 If we have a required return of 14% for this project, what ..
In setting up a kanban control system, you need to determine the number of kanban card sets needed.
If you have DuPont stock in your well diversified portfolio and DuPont has a Beta of 0.95, what is the required rate of return (Rs) for DuPont given the yield on the 2 year Treasury is 0.25% and the market risk premium is estimated at 6%?
Estimate Marpor's value without leverage. Estimate Marpor's value with the new leverage.
The monthly returns for Company G, Company S, and Company N were 8.25 percent, -1.60 percent, and -.13 percent. What is your portfolio return?
The relationship between a bond's yield to maturity and coupon interest rate can be used to predict its pricing level. For each of the bonds listed, state whether the bond will be at a premium to par, at par, or at a discount to par:
If the company issued new securities in the same proportion as its target capital structure, what is the company’s target debt–equity ratio?
Sales were 550 units at $20. Using the LIFO method, determine the dollar value of Cost of Goods Sold for the month of May.
Suppose your firm is considering investing in a project with the cash flows shown below,
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