determining cash flows from investing activities airco owns several aircraft and its balance sheet indicated the following amounts for its aircraft accounts: jan. 1 dec. 31 equipment, aircraft $22,250,000 $32,700,000 accumulated depreciation 13,125,000 13,900,000 book value $9,125,000 $18,800,000 required: 1. assume that airco did not sell any aircraft during the year. determine the amount of depreciation expense and the cash spent for aircraft purchases for the year.

In a fixed-term, level-payment reverse mortgage, sometimes called a reverse annuity mortgage, or ram, a lender agrees to pay the homeowner a monthly payment, or annuity, and expects to be repaid from the homeowner’s equity when he or she sells the home or obtains other financing to pay off the ram. consider a household that owns a $150,000 home free and clear of mortgage debt. the ram lender agrees to a $100,000 ram for 10 years at 6 percent. assume payments are made annually, at the beginning of each year to the homeowner. calculate the annual payment on the ram.