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Larkspur Inc., a publicly listed company, has a building with an initial cost of $413,000. At December 31, 2017, the date of revaluation, accumulated depreciation amounted to $114,000. The fair value of the building, by comparing it with transactions involving similar assets, is assessed to be $342,000.
Problem (a) Prepare the journal entries to revalue the plant under the revaluation model using the asset adjustment method. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
A Treasury bond has a maturity of 2.5 years and a coupon rate of 6%. Current market rates are 5%. What is the Macaulay duration of the T-bond in years?
Prepare all of Delta's journal entries for the above transactions. Delta uses a periodic inventory system - Calculate Delta's net purchases.
show them as current expenses in total. In this way, the new product would appear to be only slightly profitable. Describe alternatives that you as an accountant would have in this situation. Indicate which alternative is best
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Assuming no differences between accounting income and taxable income other than those described above, prepare the appropriate journal entry to record Case’s 2011 income taxes. What is Case net income?
Calculate the amount of depreciation expense recorded on the equipment for 2005.
What is the cost of the asset being depreciated? What amount, if any, was used in the depreciation calculations for the salvage value of this asset?
Understand why organizations budget and the processes they use to create budgets, and recognize situations that present potential ethical and legal issues and develop solutions for those issues.
A replacement piece of equipment can be purchased for the machine above at a first cost of $25,000. Annual maintenance costs the first year are expected to be $1000 and increase by $300 each year. If this equipment were to be sold after 1 year, incom..
Make the journal entries necessary to record the transactions above using appropriate dates
Calculate the cost of equity using the dividend growth model method. (Do not round intermediate calculations. Round the final answer to 2 decimal places.)
X Company is considering conducting an immediate advertising campaign. Assuming a discount rate of 6%, what is the net present value of this investment?
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