Mathematics, 30.11.2020 04:20 davienwatson8
You have the following information about an impairment process of McDonalds Co. machine At the end of 2019
McDonalds Co. tests a machine for impairment. The machine has a historical cost of $210000 and residual value of $10000. It has an estimated remaining useful life of 6 years. Because there is little market-related information on which to base a recoverable amount based on fair value, McDonalds Co. determines the machine’s recoverable amount should be based on value-in-use. McDonalds Co. uses a discount rate of 10 percent McDonalds Co. analysis indicates that its future cash flows will be $30,000 each year for 6 years, and it will receive the residual value at the end of the five years. It is assumed that all cash flows occur at the end of the year.
Added information
1- Machine accumulated depreciation is $20000 (straight Line Method)
2- Present value of $1 payment for 6 years is: 4.8522
3- Present value of $1 payment after years is 0.5822
Required:
You are required to:
1- Make impairment test for the equipment
2- Journalize the result of the impairment
Answers: 2
Mathematics, 21.06.2019 12:40
Question 6 (10 points) ✓ saved what is the center of a circle described by the equation x2 + y2 +10y = -16? . (0,-5) (0,5) (-5,0) (5,0)
Answers: 1
Mathematics, 21.06.2019 13:20
Aboard game uses a fair six-sided die and a spinner with five equal-sized sections colored dark blue, green, light blue, red, and yellow. players roll the die and then spin the spinner. match each probability statement to its correct value.
Answers: 1
Mathematics, 21.06.2019 19:10
The linear combination method is applied to a system of equations as shown. 4(.25x + .5y = 3.75) → x + 2y = 15 (4x – 8y = 12) → x – 2y = 3 2x = 18 what is the solution of the system of equations? (1,2) (3,9) (5,5) (9,3)
Answers: 1
Mathematics, 21.06.2019 20:30
Aswimming pool had 2.5 million liters of water in it. some water evaporated, and then the pool only had 22 million liters of water in it. what percent of the water evaporated?
Answers: 2
You have the following information about an impairment process of McDonalds Co. machine At the end o...
Mathematics, 17.10.2019 23:00
Chemistry, 17.10.2019 23:00
English, 17.10.2019 23:00
Mathematics, 17.10.2019 23:00
Biology, 17.10.2019 23:00
Mathematics, 17.10.2019 23:00
English, 17.10.2019 23:00
Mathematics, 17.10.2019 23:00
English, 17.10.2019 23:00
History, 17.10.2019 23:00