Valuation of plant asset, Valuation of plant asset

Valuation of plant asset

Assignment Help Financial Accounting

Reference no: EM1313886

Valuation of plant asset.

a. Nimbus Inc purchased certain assets under a deferred payment contract. The agreement was to pay $30,000 per year for 10 years. The plant assets should be valued at

b. On June 30, 2007 Hi-tech Inc purchased for cash at $50 per share all 150,000 shares of outstanding common stock of Ski Craft Company. Ski craft balance sheet at June 30, 2007 showed net assets with a book value of $6,000,000. The fair value of ski craft property, plant and equipment on June 30, 2007 was $800.000 in excess of its book value. What amount if any will Hi-Tech record as goodwill on the date of purchase?

Reference no: EM1313886

Questions Cloud

Firms inverse demand curve find the firms optimal quantity : Suppose a firm's inverse demand curve find the firm's optimal quantity, price also profit by using the profit also marginal profit equations.

Calculate the book value of machine : Calculation of book value of machine - what will be the machine's book value as of December31, 2008?

Summarizing how a change in tax policy affect government : Write a 400- to 700-word memo to the economic adviser. Describe the change in tax revenues for the government in the new equilibrium, in both the short and longer terms.

Computing the present value of the mortgage loan : Computing the present value of the mortgage loan and How much do you owe on the mortgage

Valuation of plant asset : Valuation of plant asset - What amount if any will Hi-Tech record as goodwill on the date of purchase?

Explain how demand for time travel : Explain how demand for time travel, as well as marginal income, long-run marginal cost also long-run average cost.

Analysis of variance and its assumptions : Is there evidence of violations of the usual ANOVA assumptions of equal variances and normal populations? Set up and perform appropriate TESTS at the α = 0.05 level of significance.

Effects of various methods of depreciation : Effects of various methods of depreciation - How would using the sum-of-the-years'-digits method of depreciation instead of the double-declining-balance method of depreciation affect a gain or loss on the sale of the plant asset?

Theory of purchasing power parity predict : Illustrate what does the theory of purchasing power parity predict will happen to the value of Japanese yen in item of dollars

User Account

All Pages