You are the CEO of an engineering business that purchased a Gulfstream G550 executive jet for $61.5 million. Assume that your company will keep this jet for 10 years and sell it at an expected salvage value of $20 million. a) Based on the Table 11-2 for the MACRS GDS Property Classes, what is the property class for this asset? b) At the time that the aircraft is sold, which of the following situations will apply? c) At the end of the 5th year, what is the book value of this aircraft based on MACRS depreciation with half-year correction (million dollars)? Give answer to two decimal places. d) At the end of the 5th year, what is the value of this aircraft taking into account the salvage value and assuming that it would operate for a book life of 10 years, based on straight-line depreciation (million dollars)? Give answer to two decimal places. e) At the end of the 5th year, what is the value of this aircraft taking into account the salvage value and assuming that it would operate for a book life of 10 years, based on Sum of Years' Digits depreciation (million dollars)? Give answer to two decimal places.
Answers: 2
Business, 22.06.2019 08:50, terrancebest
Comprehensive illustrative problem: mira's store on february 1 20a4 mica delaman opened astore that sells school supplies her main customer are the students and teachers of happy students school that is situated in front of her store. mira wanted to know the financial position of mira's store. mira knew you were studying accounting. so she asked for . 1. to start her business mira's opened a checking account in the name of mira's store . the statement of account from the bank shows that the checking account has a balance of 31,535 of december 31,20a4
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Business, 22.06.2019 10:00, caz27
Your uncle is considering investing in a new company that will produce high quality stereo speakers. the sales price would be set at 1.5 times the variable cost per unit; the variable cost per unit is estimated to be $75.00; and fixed costs are estimated at $1,200,000. what sales volume would be required to break even, i. e., to have ebit = zero?
Answers: 1
Business, 22.06.2019 11:40, tansebas1107
You are a manager at asda. you have been given the demand data for the past 10 weeks for swim rings for children. you decide to run multiple types of forecasting methods on the data to see which gives you the best forecast. if you were to use exponential smoothing with alpha =.8, what would be your forecast for week 22? (the forecast for week 21 was 1277.) week demand 12 1317 13 1307 14 1261 15 1258 16 1267 17 1256 18 1268 19 1277 20 1277 21 1297
Answers: 3
You are the CEO of an engineering business that purchased a Gulfstream G550 executive jet for $61.5...
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