Homework Answers
| Answer: | |||
| Caculation of Depreciation per year | |||
| Cost of Asset = $ 2,10,000 | |||
| Life = 11 years | |||
| Salvage value = $ 20,000 | |||
| Avearge Rentals = 101 days | |||
| Percentage = 101/365 | |||
| = | 27.67% | ||
| Depreciation for the Year = $ 2,10,000 *27.67% | |||
| = | 58107 | ||
Add Answer to:
A crane rental company has acquired a new heavy-duty crane for $210,000. The company calculates depreciation...
Acrant contul company has acquired a new heavy-duty crane for $220.000 The company calculates depreciation on...
Acrant contul company has acquired a new heavy-duty crane for $220.000 The company calculates depreciation on this equipment on the basis of number of rentals per year, and the salvage value of the crane at the end of to 12 your life in $30,000 the crane in rented an average of 142 days per year, what is the depreciation rate per rental? The depreciation is per day of tent (Round to the nearest dollar)
Acrant contul company has acquired a new heavy-duty crane for $220.000 The company calculates depreciation on...
Acrant contul company has acquired a new heavy-duty crane for $220.000 The company calculates depreciation on this equipment on the basis of number of rentals per year, and the salvage value of the crane at the end of to 12 your life in $30,000 the crane in rented an average of 142 days per year, what is the depreciation rate per rental? The depreciation is per day of tent (Round to the nearest dollar)
please show all the excel functions (12-14) A construction equipment rental company can purchase a new crane for $1...
please show all the excel functions
(12-14) A construction equipment rental company can purchase a new crane for $1,125,000 which is expected to last for 25 years. The expected salvage value at that time is $147,000. The annual rental income from the crane is $195,000. Using straight-line depreciation and a MARR of 15%, a) What is the present worth of the after-tax cash flow for this equipment? b) Should the company invest in this crane?
Campbell Company has an opportunity to purchase a forklift to use in its heavy equipment rental...
Campbell Company has an opportunity to purchase a forklift to use in its heavy equipment rental business. The forklift would be leased on an annual basis during its first two years of operation. Thereafter, it would be leased to the general public on demand. Campbell would sell it at the end of the fifth year of its useful life. The expected cash inflows and outflows follow: Year Nature of item Cash Inflow Cash outflow 2018 Purchase price $82,600 2018...
assume a 21% tax rate (12-14) A construction equipment rental company can purchase a new crane for $1,125,000 which is e...
assume a 21% tax rate
(12-14) A construction equipment rental company can purchase a new crane for $1,125,000 which is expected to last for 25 years. The expected salvage value at that time is $147,000. The annual rental income from the crane is $195,000. Using straight-line depreciation and a MARR of 15%, a) What is the present worth of the after-tax cash flow for this equipment? b) Should the company invest in this crane?
1- Exercise 11-06 Crane Company purchased equipment for $192,000 on October 1, 2020. It is estimated...
1-
Exercise 11-06
Crane Company purchased equipment for $192,000 on October 1,
2020. It is estimated that the equipment will have a useful life of
8 years and a salvage value of $12,000. Estimated production is
36,000 units and estimated working hours are 20,000. During 2020,
Crane uses the equipment for 500 hours and the equipment produces
1,000 units.
Compute depreciation expense under each of the following methods.
Crane is on a calendar-year basis ending December 31.
(Round rate per...
Campbell Company has an opportunity to purchase a forklift to use in its heavy equipment rental...
Campbell Company has an opportunity to purchase a forklift to use in its heavy equipment rental business. The forklift would be leased on an annual basis during its first two years of operation. Thereafter, it would be leased to the general public on demand. Campbell would sell it at the end of the fifth year of its useful life. The expected cash inflows and outflows follow: Cash Inflow Cash Outflow $82,600 Year Year 1 Year 1 Year 2 Year 3...
Stuart Company has an opportunity to purchase a forkift to use in its heavy equipment rental...
Stuart Company has an opportunity to purchase a forkift to use in its heavy equipment rental business. The forklift would be leased an annual basis during its first two years of operation. T it at the end of the fifth year of its useful life. The expected cash inflows and outflows follow: hereafter, it would be leased to the general public on demand. Stuart would sell Year Nature of Item Cash InflowCash outflow 2018 Purchase price 2018 Revenue 2019 Revenue...
Dordine Company Use this format Dordine Company acquired equipment on March 1, 2020, at a cash...
Dordine Company
Use this format
Dordine Company acquired equipment on March 1, 2020, at a cash cost of $1,000,000. Transportation charges amounted to $12,000, installation cost was $40,000, testing costs were $30,000, and the payment of a fine for not getting the proper permit for moving the equipment was $1,000. The equipment was estimated to have a useful life of 12 years and a salvage value of $60,000 at the end of its life. It was further estimated that the...
Walton Company has an opportunity to purchase a forklift to use in its heavy equipment rental...
Walton Company has an opportunity to purchase a forklift to use in its heavy equipment rental business. The forklift would be leased on an annual basis during its first two years of operation. Thereafter, it would be leased to the general public on demand. Walton would sell it at the end of the fifth year of its useful life. The expected cash inflows and outflows follow. Cash Inflow Cash Outflow $96, 200 $39,000 39,000 28,000 2018 2018 2019 2020 2020...
Acrant contul company has acquired a new heavy-duty crane for $220.000 The company calculates depreciation on this equipment on the basis of number of rentals per year, and the salvage value of the crane at the end of to 12 your life in $30,000 the crane in rented an average of 142 days per year, what is the depreciation rate per rental? The depreciation is per day of tent (Round to the nearest dollar)
Acrant contul company has acquired a new heavy-duty crane for $220.000 The company calculates depreciation on this equipment on the basis of number of rentals per year, and the salvage value of the crane at the end of to 12 your life in $30,000 the crane in rented an average of 142 days per year, what is the depreciation rate per rental? The depreciation is per day of tent (Round to the nearest dollar)
please show all the excel functions
(12-14) A construction equipment rental company can purchase a new crane for $1,125,000 which is expected to last for 25 years. The expected salvage value at that time is $147,000. The annual rental income from the crane is $195,000. Using straight-line depreciation and a MARR of 15%, a) What is the present worth of the after-tax cash flow for this equipment? b) Should the company invest in this crane?
assume a 21% tax rate
(12-14) A construction equipment rental company can purchase a new crane for $1,125,000 which is expected to last for 25 years. The expected salvage value at that time is $147,000. The annual rental income from the crane is $195,000. Using straight-line depreciation and a MARR of 15%, a) What is the present worth of the after-tax cash flow for this equipment? b) Should the company invest in this crane?
1-
Exercise 11-06
Crane Company purchased equipment for $192,000 on October 1,
2020. It is estimated that the equipment will have a useful life of
8 years and a salvage value of $12,000. Estimated production is
36,000 units and estimated working hours are 20,000. During 2020,
Crane uses the equipment for 500 hours and the equipment produces
1,000 units.
Compute depreciation expense under each of the following methods.
Crane is on a calendar-year basis ending December 31.
(Round rate per...
Campbell Company has an opportunity to purchase a forklift to use in its heavy equipment rental business. The forklift would be leased on an annual basis during its first two years of operation. Thereafter, it would be leased to the general public on demand. Campbell would sell it at the end of the fifth year of its useful life. The expected cash inflows and outflows follow: Cash Inflow Cash Outflow $82,600 Year Year 1 Year 1 Year 2 Year 3...
Stuart Company has an opportunity to purchase a forkift to use in its heavy equipment rental business. The forklift would be leased an annual basis during its first two years of operation. T it at the end of the fifth year of its useful life. The expected cash inflows and outflows follow: hereafter, it would be leased to the general public on demand. Stuart would sell Year Nature of Item Cash InflowCash outflow 2018 Purchase price 2018 Revenue 2019 Revenue...
Dordine Company
Use this format
Dordine Company acquired equipment on March 1, 2020, at a cash cost of $1,000,000. Transportation charges amounted to $12,000, installation cost was $40,000, testing costs were $30,000, and the payment of a fine for not getting the proper permit for moving the equipment was $1,000. The equipment was estimated to have a useful life of 12 years and a salvage value of $60,000 at the end of its life. It was further estimated that the...
Walton Company has an opportunity to purchase a forklift to use in its heavy equipment rental business. The forklift would be leased on an annual basis during its first two years of operation. Thereafter, it would be leased to the general public on demand. Walton would sell it at the end of the fifth year of its useful life. The expected cash inflows and outflows follow. Cash Inflow Cash Outflow $96, 200 $39,000 39,000 28,000 2018 2018 2019 2020 2020...
Most questions answered within 3 hours.
-
Question1 ) The STL provides similiar classes called stack and
queue, both of which gave functions...
asked 28 minutes ago -
For Questions 1-4, assume you have 5 bits available:
1. For (positive) integers: What is the...
asked 29 minutes ago -
convert grams into vloume with the density of water being at
.997514 g/cm^3 at 23.1 Celsuis...
asked 2 hours ago -
Foreman company obtained a $20,000, 6% loan on May 1, 2018.
Principal and interest will be...
asked 2 hours ago -
5. Problem 11.05 (Discounted Payback)
eBook
Project L costs $60,000, its expected cash inflows are $14,000
per...
asked 3 hours ago -
1. Which of the following is true about politics and health
organizations?
A. Health organizations are...
asked 3 hours ago -
A space vehicle is coasting at a constant velocity of 18.1 m/s
in the +y direction...
asked 4 hours ago -
5) Use the following balanced equation to answer questions
(a)-(i).
3 Cu(s) + 8 HNO3(aq) →...
asked 4 hours ago -
A three-year maturity bond with a 12% annual coupon rate is
currently traded at par $1000...
asked 4 hours ago -
1.
What is the minimum volume to use in the Spec 20 cuvette in order
to...
asked 4 hours ago -
A builder wants to install wall-to-wall carpeting in a living
room of length 8.87 m and...
asked 4 hours ago -
Organizational change can produce anxiety in those affected by
the change. In what ways can change...
asked 4 hours ago