Refer to question 24 above.  24c. Using the same assumption…

Refer to question 24 above.  24c. Using the same assumption as part (a) above, prepare the journal entry at December 31, 2020, assuming the fair value of the asset has increased to $1,748,000. (If no entry is required, write “No Entry” for the account titles and enter 0 for the amounts.)   Account Title Debit  Credit  [v1] [v3]  [v2] [v4]

Round all dollar amounts to the nearest dollar. Enter a nega…

Round all dollar amounts to the nearest dollar. Enter a negative result using a minus “-” sign.   The management of Niantic Inc. is considering the purchase of equipment costing $[cost]. The equipment has a useful life of eight years, with $20,000 residual value. The use of this equipment will produce positive annual cash flow of $[cf] for eight years, as well as $20,000 from sale of the equipment at the end of the eighth year. Use the present value factors provided below to compute the net present value of this investment, discounted at an annual rate of 10%. Present value of $1 due in eight years, discounted at 10%, is 0.467. Present value of $1 received annually for eight years, discounted at 10% is 5.335.

Round your percentage to the nearest whole percent. Enter yo…

Round your percentage to the nearest whole percent. Enter your answer as a percent (i.e., if your answer is 100%, enter “100”). Rosina Company is considering an investment of $[cost] in heavy equipment, which will enable the company to be more competitive in the construction industry. The useful service life of the equipment is estimated to be 10 years, with $[sv] salvage value. Straight-line depreciation is used. The company estimates that net income will increase by $[ni] per year as a result of the company’s ability to handle a wider range of projects with the new equipment.  What is the expected rate of return on average investment (as a percentage)?