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Questions -
Q1. On January 1, Celebrity Allures Inc. bought a new popcorn popper for one of their movie theaters. The popper cost $6,000. The expected life is 5 years with a salvage value of $500. The popper is expected to produce 50,000 buckets of popcorn over its life. In the first year, the popper produced 9,000 buckets of popcorn. In the second year, the popper produced 12,000 buckets of popcorn. What is the accumulated depreciation after the first year on the popcorn popper assuming double declining balance depreciation?
a. $2,200
b. $3,840
c. $1,440
d. $2,400
Q2. On January 1, Celebrity Allures Inc. bought a new popcorn popper for one of their movie theaters. The popper cost $8,000. The expected life is 8 years with a salvage value of $200. The popper is expected to produce 50,000 buckets of popcorn over its life. In the first year, the popper produced 9,000 buckets of popcorn. In the second year, the popper produced 12,000 buckets of popcorn. What is the book value after the second year on the popcorn popper assuming double declining balance depreciation?
a. $3,500
b. $6,000
c. $8,000
d. $4,500
The market interest rate for bonds of similar risk and maturity is 7%, interest is paid semi-annually. At what price will the bonds issue
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