Business, 30.11.2020 04:20, LordBooming
You have the following information about an impairment process of McDonalds Co. machine At the end of 2019
McDonalds Co. tests a machine for impairment. The machine has a historical cost of $210000 and residual value of $10000. It has an estimated remaining useful life of 6 years. Because there is little market-related information on which to base a recoverable amount based on fair value, McDonalds Co. determines the machine’s recoverable amount should be based on value-in-use. McDonalds Co. uses a discount rate of 10 percent McDonalds Co. analysis indicates that its future cash flows will be $30,000 each year for 6 years, and it will receive the residual value at the end of the five years. It is assumed that all cash flows occur at the end of the year.
Added information
1- Machine accumulated depreciation is $20000 (straight Line Method)
2- Present value of $1 payment for 6 years is: 4.8522
3- Present value of $1 payment after years is 0.5822
Required:
You are required to:
1- Make impairment test for the equipment
2- Journalize the result of the impairment
Answers: 3
Business, 21.06.2019 14:20, pr47723
It is week 1 and there are currently 20 as in stock. we need 300 as at the start of week 5. if there are scheduled receipts planned for week 3 and week 4 of 120 as each and a has a lead time of 1 week, when and how large of an order should be placed to meet the requirement of 300 as?
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Business, 22.06.2019 00:50, abcdefg87
Consider each of the following cases: case accounting break-even unit price unit variable cost fixed costs depreciation 1 127,400 $ 38 $ 25 $ 711,000 ? 2 124,000 ? 41 2,500,000 $ 900,000 3 5,753 117 ? 171,000 100,000 required: (a) find the depreciation for case 1. (do not round your intermediate calculations.) (b) find the unit price for case 2. (do not round your intermediate calculations.) (c) find the unit variable cost for case 3. (do not round your intermediate calculations.)
Answers: 2
Business, 22.06.2019 03:10, jaquisjones68
Transactions that affect earnings do not necessarily affect cash. identify the effect, if any, that each of the following transactions would have upon cash and net income. the first transaction has been completed as an example. (if an amount reduces the account balance then enter with negative sign preceding the number e. g. -15,000 or parentheses e. g. (15, cash net income (a) purchased $120 of supplies for cash. –$120 $0 (b) recorded an adjustment to record use of $35 of the above supplies. (c) made sales of $1,370, all on account. (d) received $700 from customers in payment of their accounts. (e) purchased equipment for cash, $2,450. (f) recorded depreciation of building for period used, $740. click if you would like to show work for this question: open show work
Answers: 3
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