A business purchases a new building for $250,000, and also spends $20,000 on renovations. What is the total capital expenditure?
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- A property is purchased for $600,000 and sold for $900,000. Which of the following statements is most accurate? A.If the property is owned by an individual for 10 months the assessable capital gain is $150,000 B.If the property is owned by a superannuation fund for 15 months the assessable capital gain is $200,000 C.If the property is owned by a company for 10 months the assessable capital gain is $300,000 D.If the property is owned by an individual for 10 months the assessable capital gain is $300,000Purchased land costs 2,500,000 and a Bank transfer is made. The cost of excavation of the old building and the base of the new building is 300,000 + %10VAT, the Property tax paid is 60,000 and Estate company invoice is 30,000+%10VAT is on the account. Please do necessary accounting enteries.All of the following are capital investment decisions except: A. paying $600,000 to renovate a restaurant.B. acquiring $100,000 of common stock.C. purchasing equipment for $80,000. D. buying a $5,000,000 manufacturing plant.
- The only capital investment required for a small project is investment in inventory. Profits this year were $11,000, and inventory increased from $4,500 to $6,000. What was the cash flow from the project? Total Cash flow is ________The Fleming Manufacturing Company is considering a new investment. Financial projections for the investment are tabulated below. The corporate tax rate is 25 percent. Assume all sales revenue is received in cash, all operating costs and income taxes are paid in cash, and all cash flows occur at the end of the year. All net working capital is recovered at the end of the project. Investment Sales revenue Operating costs Depreciation Net working capital spending Net income Cash flow $ Year 1 NPV 3,975 $ $ Year 0 Year O 34,000 $ 400 a. Compute the incremental net income of the investment for each year. (Do not round intermediate calculations.) Year 1 $ 17,500 3,700 8,500 450 Year 2 4,275 $ Year 1 5,300 $18,000 Year 2 Year 3 b. Compute the incremental cash flows of the investment for each year. (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) Year 3 4,575 $ Year 2 3,800 3,900 8,500 8,500 500 400 $18,500 $15,500 3,100 8,500 ? Year 4 Year 4…A company spends $20 million dollar for an office building. Over what period should the cost be written off? Choose the answer: A) When the $20 million ia expended in cash B) All in the first year C) Over the useful life of the building D) After $20 million in revenue is recognized
- An investment by the owner of a business entity in a building, at a cost of RM100,000 with a RM40,000 outstanding loan would:Solve the math in a detailed way.A man planned of building a house. The cost of construction is P 500,000, while annual maintenance cost is estimated at P 10,000. If the interest rate is 6%, what is the capitalized cost of the house?
- 10.Landscaping costs can be deducted in the determination of net business income, even if they involve items that would normally be considered capital assets True or False? 11. For the hobby farmer, deductible farming losses for a year are restricted to $2,500, plus one-half of the next $30,000. True or False?Distinguishing capital expenditures from revenue expenditures Consider the following expenditures: Classify each of the expenditures as a capital expenditure or a revenue expenditure related to machinery.The Fleming Manufacturing Company is considering a new investment. Financial projections for the investment are tabulated below. The corporate tax rate is 23 percent. Assume all sales revenue is received in cash, all operating costs and income taxes are paid in cash, and all cash flows occur at the end of the year. All net working capital is recovered at the end of the project. Investment Sales revenue Operating costs Depreciation Net working capital spending Net income $ Year 1 Year O 42,000 480 Year 1 Year 2 Year 3 Year 2 22,500, $21,500 $ 22,000$ 4,500 4,600 4,700 10,500 10,500 10,500 530 580 480 a. Compute the incremental net income of the investment for each year. (Do not round intermediate calculations.) Year 3 Year 4 Year 4 $19,500 3,900 10,500 ?