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In Jan 2009 iker cassilas signed a contracr to play for salsas that guaranteed him a minimum of $9955000. The guaranteed pymts were $875000 in 2009, $650000in 2010, $1m in 2012, $1m in 2013 and $300000 in 2014. Inaddition the contract calls for $5330000 in deferred money payable at the rate of $240k p.a from 2014 to 2030 and then $125k a year from 2013 to 2040.
a) If interest rate is 8% p.a and all payments are made on 1 July each year, what would be the present value of these guaranteed payments be on 1 January 2009.
b) If he were to receive an equal salary at the end of each of the 5 years from 2009 to 2014, what would his equivalent annual salary be!
Briefly explain the depreciation and impairment process in relation to approximating the fair value of fixed assets?
A company that changes from the declining-balance method of depreciation for previously recorded assets to the straight-line method should report the change as a(n)
Brennan Steel Corporation as lessee signed a lease agreement for equipment for five years, starting December 31, 2007. yearly rental payments of $32,000 are to be made at the beginning of each lease year.
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Learned Corporation recorded the following transactions for the just completed month.
ABC reported earnings before interest and taxes $600,000 for 2010 and was subject to a 40% tax rate. ABC paid dividends to all common and preferred stock shareholders during the year. Calculate ABC's basic earnings per share for 2010. Show your wo..
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