Explain restatement of investment appraisal, Financial Management

Assignment Help:

Restatement of investment appraisal

In the following solution the tax allowances in relation to the initial outlay on equipment are evaluated separately. Other approaches are adequate. The tax-adjusted cost of the capital expenditure is able to be found by deducting the present value of the tax savings generated by exploiting the writing-down allowance from the initial outlay. It is supposed that the available allowances can be set off against profits immediately that is beginning in the financial year in which the acquisition of the asset occurs. This acquiesce five sets of WDAs as the project straddles five tax years. The solution presumes no scrap values.

713_restatement of investment appraisal.png

Present value of tax savings = 178 i.e., $178000

The effective cost of the equipment is as

[Nominal outlay - present value of tax savings]

= [$900,000 - $178,000]

= $722,000.

The cash flow profile is as

651_restatement of investment appraisal 1.png

 

NPV = + 357 i.e., $357000

Recommendation

Therefore the equipment purchase is acceptable and should be undertaken although an analysis of its risk is as well recommended.


Related Discussions:- Explain restatement of investment appraisal

Evolution of securitization, Securitization is a financial innovati...

Securitization is a financial innovation born out of the necessity the savings and loan associations of the United States of America face to save themselves from im

The authority and duties of shareholders, The authority and duties of membe...

The authority and duties of members (shareholders) Members and shareholders shall together and severally protect, conserve and actively exercise the supreme authority of the co

Factors considered for analyzing sovereign rating, Table 1:  ...

Table 1:  Politics Stability of the existing government structure National/provincial government r

Describe the types of financial ratios, 1. Describe the types of financial ...

1. Describe the types of financial ratios and other financial performance measures that are used during a venture's successful life cycle. Who are the users of financial performan

Process of financing working capital, Q. Process of financing working capit...

Q. Process of financing working capital? Working capital policies on the process of financing working capital can be characterised as moderate, conservative and aggressive. A c

State about the internal benchmarking, State about the Internal Benchmarkin...

State about the Internal Benchmarking Compare an internal function to 'the best internally' within same organisation for example different methods of cleaning used by hospit

Advantages to a company from having a robust health, Z works for HS Company...

Z works for HS Company and has been asked to undertake an assessment of any health and safety issues that might be potential hazards in the department which she manages. Z's respon

The standard contribution rate and actuarial liability, Question 1: Giv...

Question 1: Give the formulae for the Standard Contribution Rate (SCR) and Actuarial Liability (AL) for each of the following funding methods: a) Credit Unit Method b)

Venture capitalist, Venture capitalist is an organization in the practice o...

Venture capitalist is an organization in the practice of providing capital to fledgling organization with high growth potential in exchange for equity stakes and/or management cont

Approaches to financial management, mention the advantages and disadvantage...

mention the advantages and disadvantages of the traditional approach

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd