Homework Answers
Using the outsider's point of view, the net first cash flow of keeping the old lathe is:-
- the present market value of the lathe = 16000
option(D)
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2. A company owns a 5-year old turret lathe that has a book value of $20,000....
ANSWER ASAP! 23) PDF Corp. needs to replace an old lathe with a new, more efficient...
ANSWER ASAP!
23) PDF Corp. needs to replace an old lathe with a new, more efficient model. The old lathe was purchased for $50,000 nine years ago and has a current book value of $5.000. (The old machine is being depreciated on a MACRS depreciationbasis over a ten-year useful life. The new lathe costs $100,000. It will cost the company $10,000 to get the new lathe to the factory and get it installed. The old machine will be sold as...
Takhini Hot Springs Company has an old machine that is fully depreciated but has a current...
Takhini Hot Springs Company has an old machine that is fully depreciated but has a current salvage value of $5,000. The company wants to purchase a new machine that would cost $60,000 and have a five-year useful life and zero salvage value. Expected changes in annual revenues and expenses if the new machine is purchased are: $63,000 Increased revenues Increased expenses: $20,000 9,000 12,000 Salary of additional operator Supplies Depreciation 45,000 $18,000 4,000 Maintenance Increased net income Required 1) What...
Check my work Rockyford Company must replace some machinery that has zero book value and a...
Check my work Rockyford Company must replace some machinery that has zero book value and a current market value of $1,400. One possibility is to invest in new machinery costing $36,000. This new machinery would produce estimated annual pretax cash operating savings of $14,400. Assume the new machine will have a useful life of 4 years and depreciation of $9,000 each year for book and tax purposes. It will have no salvage value at the end of 4 years. The...
Rockyford Company must replace some machinery that has zero book value and a current market value...
Rockyford Company must replace some machinery that has zero book value and a current market value of $2,600. One possibility is to invest in new machinery costing $48,000. This new machinery would produce estimated annual pretax cash operating savings of $19,200. Assume the new machine will have a useful life of 4 years and depreciation of $12,000 each year for book and tax purposes. It will have no salvage value at the end of 4 years. The investment in this...
Rockyford Company must replace some machinery that has zero book value and a current market value...
Rockyford Company must replace some machinery that has zero book value and a current market value of $2,600. One possibility is to invest in new machinery costing $48,000. This new machinery would produce estimated annual pretax cash operating savings of $19,200. Assume the new machine will have a useful life of 4 years and depreciation of $12,000 each year for book and tax purposes. It will have no salvage value at the end of 4 years. The investment in this...
Rockyford Company must replace some machinery that has zero book value and a current market value...
Rockyford Company must replace some machinery that has zero book value and a current market value of $3,000. One possibility is to invest in new machinery costing $52,000. This new machinery would produce estimated annual pretax cash operating savings of $20,800. Assume the new machine will have a useful life of 4 years and depreciation of $13,000 each year for book and tax purposes. It will have no salvage value at the end of 4 years. The investment in this...
Rockyford Company must replace some machinery that has zero book value and a current market value...
Rockyford Company must replace some machinery that has zero book value and a current market value of $2,400. One possibility is to invest in new machinery costing $46,000. This new machinery would produce estimated annual pretax cash operating savings of $18,400. Assume the new machine will have a useful life of 4 years and depreciation of $11,500 each year for book and tax purposes. It will have no salvage value at the end of 4 years. The investment in this...
Rockyford Company must replace some machinery that has zero book value and a current market value...
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Whispering Company owns a trade name that was purchased in an acquisition of McClellan Company. The...
Whispering Company owns a trade name that was purchased in an acquisition of McClellan Company. The trade name has a book value of $3,500,000, but according to GAAP, it is assessed for impairment on an annual basis. To perform this impairment test, Whispering must estimate the fair value of the trade name. It has developed the following cash flow estimates related to the trade name based on internal information. Each cash flow estimate reflects Whispering's estimate of annual cash flows...
Question 6 --/2 View Policies Current Attempt in Progress Sunland Company owns equipment that cost $80,000...
Question 6 --/2 View Policies Current Attempt in Progress Sunland Company owns equipment that cost $80,000 when purchased on January 1, 2019. It has been depreciated using the straight-line method based on an estimated salvage value of $20,000 and an estimated useful life of 5 years. Prepare Sunland Company's journal entries to record the sale of the equipment in these four independent situations. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry...
ANSWER ASAP!
23) PDF Corp. needs to replace an old lathe with a new, more efficient model. The old lathe was purchased for $50,000 nine years ago and has a current book value of $5.000. (The old machine is being depreciated on a MACRS depreciationbasis over a ten-year useful life. The new lathe costs $100,000. It will cost the company $10,000 to get the new lathe to the factory and get it installed. The old machine will be sold as...
Takhini Hot Springs Company has an old machine that is fully depreciated but has a current salvage value of $5,000. The company wants to purchase a new machine that would cost $60,000 and have a five-year useful life and zero salvage value. Expected changes in annual revenues and expenses if the new machine is purchased are: $63,000 Increased revenues Increased expenses: $20,000 9,000 12,000 Salary of additional operator Supplies Depreciation 45,000 $18,000 4,000 Maintenance Increased net income Required 1) What...
Check my work Rockyford Company must replace some machinery that has zero book value and a current market value of $1,400. One possibility is to invest in new machinery costing $36,000. This new machinery would produce estimated annual pretax cash operating savings of $14,400. Assume the new machine will have a useful life of 4 years and depreciation of $9,000 each year for book and tax purposes. It will have no salvage value at the end of 4 years. The...
Rockyford Company must replace some machinery that has zero book value and a current market value of $2,600. One possibility is to invest in new machinery costing $48,000. This new machinery would produce estimated annual pretax cash operating savings of $19,200. Assume the new machine will have a useful life of 4 years and depreciation of $12,000 each year for book and tax purposes. It will have no salvage value at the end of 4 years. The investment in this...
Rockyford Company must replace some machinery that has zero book value and a current market value of $2,600. One possibility is to invest in new machinery costing $48,000. This new machinery would produce estimated annual pretax cash operating savings of $19,200. Assume the new machine will have a useful life of 4 years and depreciation of $12,000 each year for book and tax purposes. It will have no salvage value at the end of 4 years. The investment in this...
Rockyford Company must replace some machinery that has zero book value and a current market value of $3,000. One possibility is to invest in new machinery costing $52,000. This new machinery would produce estimated annual pretax cash operating savings of $20,800. Assume the new machine will have a useful life of 4 years and depreciation of $13,000 each year for book and tax purposes. It will have no salvage value at the end of 4 years. The investment in this...
Whispering Company owns a trade name that was purchased in an acquisition of McClellan Company. The trade name has a book value of $3,500,000, but according to GAAP, it is assessed for impairment on an annual basis. To perform this impairment test, Whispering must estimate the fair value of the trade name. It has developed the following cash flow estimates related to the trade name based on internal information. Each cash flow estimate reflects Whispering's estimate of annual cash flows...
Question 6 --/2 View Policies Current Attempt in Progress Sunland Company owns equipment that cost $80,000 when purchased on January 1, 2019. It has been depreciated using the straight-line method based on an estimated salvage value of $20,000 and an estimated useful life of 5 years. Prepare Sunland Company's journal entries to record the sale of the equipment in these four independent situations. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry...
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