Highsmith Rental Company purchased an apartment building early in 2018. There are 20 apartments in the building and each is furnished with major kitchen appliances. The company has decided to use the group depreciation method for the appliances. The following data are available:

Appliance Cost Residual Value Service Life (in Years)

Stoves $39,000 $3,000 6
Refrigerators 34,000 4,000 5
Dishwashers 32,000 3,000 4

In 2021, two new refrigerators costing $3,900 were purchased for cash. The old refrigerators, which originally cost $3,900, were sold for $1,400.

(1) Calculate the group depreciation rate, group life, and depreciation for 2018.
(2) Prepare the journal entries to record the purchase of the new refrigerators and the sale of the old refrigerators.

Tiana daniels enterprise’s trial balance as at december 31, 2016 did not balance. on february 15, 2017 the following errors were detected: errorsi. water rates had been undercast by $2, 000.  ii. a cheque paid to yvonne walch of $2, 680 had been posted to the credit side of her account.  iii. discount received total of $1, 260 had been posted to the debit side of the discount allowed account as $1, 620.  iv. rent paid in the amount of $24, 000 had been posted to the credit of the rent received account.  v. wayne returned goods valuing $1, 680 to daniels enterprise but had been completely omitted from the books.    required: 1. prepare the journal entries to correct the errors.  (narrations required)                    14.5 marks  2.    prepare the suspense account showing clearly the original trial balance error.          8 marks

If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?

Take it all away has a cost of equity of 11.11 percent, a pretax cost of debt of 5.36 percent, and a tax rate of 40 percent. the company's capital structure consists of 67 percent debt on a book value basis, but debt is 33 percent of the company's value on a market value basis. what is the company's wacc