Question
Bonds given for 10-year, $2,000,000 face value, 6% bonds, at par.Each $1,000 bond is convertible into 16 shares of common stock.The net income in 2018
Bonds given for 10-year, $2,000,000 face value, 6% bonds, at par.Each $1,000 bond is convertible into 16 shares of common stock.The net income in 2018 was $425,000, and tax rate was 35%.A 100,000 shares of common stock outstanding throughout 2018.None of the bonds were converted in 2018.
What formula do I use to calculate the earnings per share and the diluted earnings per share for 2018
Accumulated Depreciation for a machine at December 31, 2018 Using Declining Balance
The information below
- Cost of machine$800,000
- Estimated useful life5 Years
- Estimated salvage value$50,000
- Double Declining200%
- Purchase Date January 1, 2017
For this I calculated this below, is this the correct method?
- 100%/5=20% straight-line
- 800,000-50,000=750,000
- 200%/5 =40% DDB Rate
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