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Evaluating the investment using return on capital employed:
Annual depreciation charge = 1500000/5 = $300000
Average investment = 1500000/2 = $750000
Average annual accounting profit = 1359529/5 = $271906
Return on capital employed = 100 × (271906/ 750000) = 36%
Ever since the return on capital employed is greater than the hurdle rate of 20% the investment is financially acceptable.
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Company A subsequently sells 60% of the voting interest in Company S for $900,000. The fair value of Company A's retained interest of 10% in the voting stock in Company S is $120,0
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CAUSES OF FAILURE OF LEGACIES AND GIFTS OF RESIDUE 1) Ademption : If property which has been specifically bequeathed does not belong to the testator at the time of his death,
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