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Pilot Plus Pens is deciding when to replace its old machine. The old machine's current salvage value is $2 million. Its current book value is $1 million. If not sold, the old machine will require maintenance costs of $400,000 at the end of the year for the next five years. Depreciation on the old machine is $200,000 per year. At the end of five years, the old machine will have a salvage value of $200,000 and a book value of $0. A replacement machine costs $3 million now and requires maintenance costs of $500,000 at the end of each year during its economic life of five years. At the end of the five years, the new machine will have a salvage value of $500,000. It will be fully depreciated by the straight-line method. In 5 years, a replacement machine will cost $3,500,000. Pilot will need to purchase this machine regardless of what choice it makes today. The corporate tax rate is 34 percent and the appropriate discount rate is 12 percent. The company is assumed to earn sufficient revenues to generate tax shields from depreciation. Should Pilot Plus Pens replace the old machine now or at the end of five years?
Sears collected $57000 from the issuance of bonds with a face value of $50000. A portion of the cash receivable, $2000 was accrued interest. give the journal entry made on sears book to account the issuance of the bonds.
Financial information for KTM Corporation (www.KTM.com) follows:
a. determine teh equivalent units of porduction and teh unit production costs for the assembly department.b. determine
Explain what is meant by the test data approach. What are the major difficulties with using this approach? Define parallel simulation with audit software and provide an example of how it can be used to test a client's payroll system.
darnley companys break-even point is 12200 units. each unit generates variable costs of 2.20 and is sold for 4.90. what
1 a bottled gas company has 500000 common shares authorized 400000 common shares issued and 15000 common shares in
Compare and contrast GAAP and income tax accounting. Describe how they are similar and why there are differences.
Discuss how these technologies have changed the way accounting is performed in your organization or in an organization of your choice
Compute CC's expected cash receipts from customers
Compute the revenue to be recognized in fiscal year 2008 for the two operating divisions of Simona Amanar Industries in accordance with generally accepted accounting principles.
while reconciling snyder companys bank statement an accountant discovered that the bank had collected one of the
Why can't optimal regulation be determined? If optimal accounting regulation cannot be determined, how can a regulatory body such as the SEC or FASB make good decisions?
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