Reference no: EM132945544
Questions -
Q1. ROSE Company purchased machinery on January 1, 2020. It has an estimated useful life of four years and a residual value of 500,000. The machine is being depreciated using SYD Method. The depreciation applicable to this fixed asset for 2021 is 1,200,000. What was the acquisition cost of the machinery?
A. 4,000,000
B. 3,000,000
C. 3,500,000
D. 4,500,000
Q2. ROSE Company purchased machinery on January 1, 2020. It has an estimated useful life of four years and a residual value of 500,000. The machine is being depreciated using SYD Method. The depreciation applicable to this fixed asset for 2021 is 1,200,000. What was the carrying value of the machinery on December 31, 2021?
A. 3,300,000
B. 1,700,000
C. 2,800,000
D. 1,800,000
Q3. VIOLETS Company purchased 5,000 shares of POPPY Company par $100 at $120 in March 2020 VIOLETS received a share dividend of 1 share for every 5 owned on August 30, 2020. On September 15, 2020, the firm received a cash dividend of $10 per share. On October 1, 2020, VIOLETS was granted the right to purchase 1 share at $105 for every 4 rights held. The share had a market value of $115 and the right had a value of $5 on the date the rights were received. On December 15, 2020, the company sold 2,000 rights at $7.50 and exercised the remaining rights. What is the average unit cost of the total investment as of December 31, 2020?
A. $ 95.83
B. $ 98.70
C. $ 99.29
D. $ 120.65
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