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Question
Revision of Depreciation
A building with a cost of $480,000 has an estimated residual value of $192,000, has an estimated useful life of 18 years, and is depreciated by the straight-line method.
a. What is the amount of the annual depreciation?
b. What is the book value at the end of the tenth year of use?
c. If at the start of the eleventh year it is estimated that the remaining life is 10 years and that the residual value is $140,000, what is the depreciation expense for each of the remaining 10 years?
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Hooper printing inc has bonds outstanding with 15 years left to maturity. You are entitled to 15 more interest payments since the bonds have an 8% semi annual coupon. Par value at issue is $1000. However, due to changes in interest rates, the bond's ..
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Bird Song Industries makes a bird seed that sets native song birds singing all day long. What is Bird Song’s fundamental value?
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Assume the salaries and benefit of White County government personnel amounted to $18000000 last year. If the represents 60% of the total country budget, what is the total budget for White County?
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