5 On 1 January 2016 a company had plant and equipment with a cost of $150,000 and accumulated depreciation thereon of $60,000. During the year ended 31 December 2016 the cost of plant additions was $30,000 and plant was disposed of with a cost of $20,000 for $18,000. This plant was bought on 30 September 2014. The depreciation policy is to make an allowance of 25% per annum on the reducing balance with a full charge in the year of acquisition and none in the year of disposal.
What is the depreciation charge for the year ended 31 December 2016?
A. $27,188
B. $27,500
C. $27,891
D. $28,750

rural residential development company and suburban real estate corporation form a joint stock company. the longest duration a joint stock company can be formed for is

The struter partnership has total partners’ equity of $510,000, which is made up of main, capital, $400,000, and frist, capital, $110,000. the partners share net income and loss in a ratio of 80% to main and 20% to frist. on november 1, adison is admitted to the partnership and given a 15% interest in equity and a 15% share in any income and loss. prepare journal entries to record the admission of adison for a 15% interest in the equity and a 15% share in any income and loss under the following independent assumptions. (1) record the admission of adison with an investment of $90,000 for a 15% interest in the equity and a 15% share in any income and loss. (2) record the admission of adison with an investment of $120,000 for a 15% interest in the equity and a 15% share in any income and loss. (3) record the admission of adison with an investment of $80,000 for a 15% interest in the equity and a 15% share in any income and loss.

Your father offers you a choice of $120,000 in 11 years or $48,500 today. use appendix b as an approximate answer, but calculate your final answer using the formula and financial calculator methods. a-1. if money is discounted at 11 percent, what is the present value of the $120,000?