100 Depreciation Expense Accumulated Depreciation a. 100

2c

Only fill out  the depreciation column

26

You have been asked by the president of your company to evaluate the proposed acquisition of a new special-purpose truck for $60,000. The truck falls into the MACRS 3-year class, is not eligible for either bonus depreciation or Section 179 expensing, and it will be sold after three years for $20,000. Use of the truck will require an increase in NWC (spare parts inventory) of $2,000. The truck will have no effect on revenues, but it is expected to save the firm $20,000 per year in before-tax operating costs, mainly labor. The firm's marginal tax rate is 21 percent. ts What will the cash flows for this project be? (Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places.) Print Year 1 2 ferences FCF

Land Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation-equipment Total plant assets April 1 May 1 June 1 Tig as platit assets. July 1 Dec. 31 $29,770,000 During 2023, the following selected cash transactions occurred. 12,500,000 47,890,000 4,870,000 $4,360,000 17,270,000 43,020,000 $64,650,000 Purchased land for $2,030,000. Sold equipment that cost $1,110,000 when purchased on January 1, 2019. The equipment was sold for $666,000. Sold land purchased on June 1, 2013 for $1,490,000. The land cost $391,000. Purchased equipment for $2,580,000. Retired equipment that cost $489,000 when purchased on December 31, 2013.

Question 23 of 25 View Policies Current Attempt in Progress -/4 Sunland Inc. owns assets to which it applies the revaluation model (asset-adjustment method). The following additional information is available: 1. The depreciation expense for 2024 was $6480. 2. Between December 31, 2023, and December 31, 2024, the property's fair value had increased by $32400. 3. The December 31, 2024, balance in the revaluation surplus account (prior to any fair value adjustments) was $2160. The adjusted December 31, 2024, in the revaluation surplus account will be O $0. $34560. O $41040. SUPPORT O $28080.

0.4KB/s O l 4G+ 12:42 PM 61 00:18:06 Remaining Multiple Choice When an intangible asset is acquired by an exchange of assets, which of the following measures will need to be considered in the determination of the cost? Fair value of the asset given up Initial cost of the asset given up Carrying amount of the asset received Replacement cost of the asset received 21 of 25 II レ

17 Equipment that cost 412000 and on which 191000 of accumulated depreciation has been recorded was disposed of for 181000 cash. The entry to record this event would include a ?

Question 6 USING THE FOLLOWING DATA, CALCULATE THE DOLLAR AMOUNT ($) OF TOTAL INTANGIBLE ASSETS DEPRECIATION EXPENSE-BLDG 5. SALARIES AND WAGES PAYABLE 800 LAND 200 ACCUMULATED DEPRECIATION -BUILDING 35 UNEARNED SALES REVENUE 360 SHORT TERM INVESTMENTS 93 PATENTS 69 NOTES PAYABLE 180 PREPAID LEGAL EXPENSE 18 BUILDING 990 MORTGAGE PAYABLE 510 LONG TERM NOTES RECEIVABLE 30 25 GOODWILL 18 MEDICAL SUPPLIES 720 103 LAND HELD FOR FUTURE USE BONDS PAYABLE 14 280 UNEARNED INTEREST FEES COST OF SALES 45 3. LAND HELD FOR FUTURE USE INTEREST INCOME 170 387 COPYRIGHTS INVENTORY 20 122 PREPAID ADVERTISING PENSION OBLIGATIONS 50 15 LONG TERM NOTES PAYABLE RENTAL FEES 180 10 TRADEMARK ACCRUED LIABILITIES A Moving to the next question prevents changes to this answer.