Computing Depreciation, Net Book Value, and Gain or Loss on Asset Sale Lynch Company owns and operates a delivery van that originally cost $49,400. Lynch has recorded straight-line depreciation on the van for four years, calculated assuming a $5,000 expected salvage value at the end of its estimated six-year useful life. Depreciation was last recorded at the end of the fourth year, at which time Lynch disposes of this van. a. Compute the net book value of the van on the disposal date. $Answer 19,800 b. Compute the gain or loss on sale of the van if the disposal proceeds are: Use a negative sign with your answer if the sale results in a loss. 1. A cash amount equal to the van’s net book value. $Answer 0 2. $22,500 cash. $Answer 2,700 3. $18,500 cash. $Answer 1,300
Answers: 1
Business, 22.06.2019 09:40
Alpha industries is considering a project with an initial cost of $8 million. the project will produce cash inflows of $1.49 million per year for 8 years. the project has the same risk as the firm. the firm has a pretax cost of debt of 5.61 percent and a cost of equity of 11.27 percent. the debt–equity ratio is .60 and the tax rate is 35 percent. what is the net present value of the project?
Answers: 1
Business, 22.06.2019 10:50
Kimberly has been jonah in preparing his personal income tax forms for a couple of years. jonah's boss recommended kimberly because she had done a good job setting up the company's new accounting system. jonah is very satisfied with kimberly's work and feels that the fees she charges are quite reasonable. kimberly would be classified as a(n) (a) independent auditor (b) private accountant (c) public accountant (d) accounting broker
Answers: 1
Business, 22.06.2019 15:30
Careers in designing, planning, managing, building and maintaining the built environment can be found in the following career cluster: a. agriculture, food & natural resources b. architecture & construction c. arts, audio-video technology & communications d. business, management & administration
Answers: 2
Computing Depreciation, Net Book Value, and Gain or Loss on Asset Sale Lynch Company owns and operat...
Social Studies, 23.10.2021 01:00
Mathematics, 23.10.2021 01:10
Medicine, 23.10.2021 01:10
Mathematics, 23.10.2021 01:10
Mathematics, 23.10.2021 01:10
Law, 23.10.2021 01:10
Health, 23.10.2021 01:10
World Languages, 23.10.2021 01:10
Mathematics, 23.10.2021 01:10
Computers and Technology, 23.10.2021 01:10
Mathematics, 23.10.2021 01:10