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LightWave Communications, Inc., spent $100 million expanding its fiber optic communication network between Chicago and Los Angeles during 2005. The fiber optic network was assumed to have a 10-year life, with a $20 million salvage value, when it was put into service on January 1, 2006. The network is depreciated using the straight-line method. At the end of 2007, the ex- pected traffic volume on the fiber optic network was only 60% of what was originally expected. The reduced traffic volume caused the fair market value of the asset to be estimated at $45 mil- lion on December 31, 2007. The loss is not expected to be recoverable.
a. Determine the book value of the network on December 31, 2007, prior to the impairment adjustment.
b. Provide the journal entry to record the fixed asset impairment on December 31, 2007.
c. Provide the balance sheet disclosure for fixed assets on December 31, 2007.
Speedy Manufacturers wishes to estimate the economic order quantity for a critical and expensive inventory item that is used in large values at a relatively constant rate throughout year.
Infinity.com, a software development firm, has stock outstanding as follows: 100,000 shares of 2% cumulative preferred stock of $20 par. Calculate the dividends per share on each class of stock for each of the five years.
economics plays a role in personal finance. describe the role that economics plays in your personal financial plan.
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what is your estimate of the value of the new project and what is the IRR of the new project? Should the firm invest in this project or not?
Explain a condition where values have been held out of equilibrium due to government intervention in the market the obvious ones discussed in the text are rent control and agricultural subsidies.
you are trying to decide whether a share of stock in angeln inc. is a good buy at 27.50 a share the most recent closing
question 1 how does government regulation affect a banks expansion in the global market? what are the possible
Quebec, Corporation, is buying machinery at a cost of 3,768,966$. The firm expects, as a result, cash flows of 979,225$, 1,158,886$, & 1,881,497$ over the next three (3) years.
Prepare a cash budget for Pur Centers for the first quarter of the year. Use January, Feb- ruary, March, and Quarter as the column headings.
the talley healthcare system had a taxable income of 365000 from operations after all operating costs but before 1
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