Use the starting balance sheet, income statement, and the list of changes to answer the question. Torche Corporation
Balance Sheet
As of December 31, 2017 (amounts in thousands)
Cash 30000 Liabilities 33,000
Other Assets 24000 Equity 21,000
Total Assets 54,000 Total Liabilities & Equity 54000
Torche Corporation
Income Statement
January 1 to March 31, 2018
(amounts in thousands)
Revenue 4,900
Expenses 3600
Net Income 1300
Between January 1 and March 31, 2018:
1. Cash increases by $100,000
2. Liabilities increase by $300,000
3. Paid-In Capital does not change
4. Dividends paid of $300,000
What is the value for Other Assets on March 31, 2018

The gilbert instrument corporation is considering replacing the wood steamer it currently uses to shape guitar sides. the steamer has 6 years of remaining life. if kept, the steamer will have depreciaiton expenses of $650 for five years and $325 for the sixthyear. its current book value is $3,575, and it can be sold on an internet auction site for$4,150 at this time. if the old steamer is not replaced, it can be sold for $800 at the endof its useful life. gilbert is considering purchasing the side steamer 3000, a higher-end steamer, whichcosts $12,000 and has an estimated useful life of 6 years with an estimated salvage value of$1,500. this steamer falls into the macrs 5-year class, so the applicable depreciationrates are 20.00%, 32.00%, 19.20%, 11.52%, 11.52%, and 5.76%. the new steamer is fasterand allows for an output expansion, so sales would rise by $2,000 per year; the newmachine's much greater efficiency would reduce operating expenses by $1,900 per year. to support the greater sales, the new machine would require that inventories increase by$2,900, but accounts payable would simultaneously increase by $700. gilbert's marginalfederal-plus-state tax rate is 40%, and its wacc is 15%.a. should it replace the old steamer? b. npv of replace = $2,083.51