Figure 1 MTech Balance Sheet Liabilities Accounts Payable Cash $100,00 nventory Patent Property (at cost Plant...

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Figure 1 MTech Balance Sheet Liabilities Accounts Payable Cash $100,00 nventory Patent Property (at cost Plant and Equipment (net) Total Assets Equity $1,200,000 $1.300,000 Total Liabilities and Equity$1 300,000 $40,000 $220,000 $60,000 $550,000 32000 secouns Peyab Suppose you were fortunate on the timing of your property investment and the firms property is now worth $750,000. An investor has offered you $100,000 for the patent. Further, some of the firms inventory has become obsolete and is now worth only $180,000. I) MTech manufactures and sells high quality light weight luggage highly prized in the market for its style and durability. Use the information from Figure 1 and the Book value Plus Adjustment method to value the firms equity.

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Answer #1

Value of Equity :

Assets	Value
Cash	$40000
Inventory	$180000
Patent	$60000
Property	$750000
Plant and equipment	$430000
Patent	$100000	$1560000

Less: Account payble		$100000
Value of Equity		$1460000

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Balance Sheet, Jan 1, 2019 Current Assets Cost Current Liabilities Cost Cash 13,000 Accounts Payable 35,000...

Figure 1 MTech Balance Sheet Liabilities Accounts Payable Cash $100,00 nventory Patent Property (at cost Plant...

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Balance Sheet, Jan 1, 2019 Current Assets Cost Current Liabilities Cost Cash 13,000 Accounts Payable 35,000...

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Figure 1 MTech Balance Sheet Liabilities Accounts Payable Cash $100,00 nventory Patent Property (at cost Plant...