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Advanced Thermal Ltd is proposing the construction of a new plant in Thailand. It has recently completed a $100,000, two-year study on its latest project. It estimated that 20,000 of its new geothermal heat pump could be sold annually over the next eight years at a price of $9,000 each. Subcontractors would install the pump at a cost of $7,200 per installation. Fixed costs of $12 million per annum will be incurred.
The initial outlay includes $80 million to build production facilities and $3 million in land. The $80 million facility will be depreciated usingthe prime cost method over the project's life (fully depreciated at the end of the project). At the conclusion of the project the facilities (including the land) will be sold for an estimated value of $10 million.
The firm is an ongoing profitable business and pays taxes at a 30% rate in the year of income. It uses a 15% discount rate on the new project. Using the NPV approach, determine whether the project should be undertaken (use the relevant tax rate in your analysis).
What will be reported on government-wide financial statements in connection with this gift and how does the answer to need (a) change if the government decides to depreciate this asset over a 10-year period using straight-line depreciation?
What total amount of expenses relating to these two items should Philo report in its quarterly income statement for the three months ended June 30?
Answer for the company's break-even point in unit sales using the equation method
digging foundation for the road, $3,000; laying and paving driveway, $25,000; lighting $7,500; signs $1,500. list out the items and amounts that should be included in the land account
May 3, 2010, Leven Corp. negotiated a short- term loan of $ 685,000. The loan is due October 1, 2010, and carries a 6.86% interest rate. Use ordinary interest to calculate the interest. What is total amount Leven would pay on the maturity date?
The appropriate interest rate for this lease is 12%. Compute the amount to be recorded as a leased asset and the associated lease liability.
sunhine service center received a 120-day, 6% note for $40,000, dated April 12 from a customer on account. What is the due date of the note?
Locate Note 35 in BA's financial statements. What three items comprise “Other reserves” as reported in the balance sheet? If British Airways used U.S. GAAP, illustrate what would be the likely account titles for the three items?
Find out how any losses resulting from the activity are treated under the passive activity loss rules
Amortization of prior service cost was $48,000 for 2008. What is the amount of Prada's prepaid pension cost at December 31, 2008?
The income to be recognized each year is based on the proportion of cost incured to the total estimated costs for completing the contract. Find out the estimated income on the construction contract.
evaluate the amount of funds ms.crawley needs to borrow for June, suppose that the beginning cash balance is zero and evaluate the amount of interest expense the restaurant will report on June pro forma income statement.
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