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Fesco Jewelers Ltd. purchased store fixtures, display cases, and a maximum-security commercial safe for a lump-sum price of $34,000 from a bankrupt competitor. Appraised values

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Fesco Jewelers Ltd. purchased store fixtures, display cases, and a maximum-security commercial safe for a lump-sum price of $34,000 from a bankrupt competitor. Appraised values were as follows: store fixtures, $26,000; display cases, $29,000; commercial safe, $25,000 Required: What cost should be recorded for the commercial safe? (Do not round intermediate calculations.) Cost of commercial sale 5 11.050 Stuck Holdings Corp. incurred the following expenditures: $3,800 cost to replace the transmission in a company-owned vehicle: 517100 cost of annual property insurance on the company's production facilities: $14,500 cost to develop and register a design patent: $62.900 cost to add a security and monitoring system to the company's distribution center: $1,100 cost to repair paint damage on a company-owned vehicle caused by normal wear and tear. Required: which, if any, of these expenditures should be capitalized? (Select all that apply.) DODGE $ 1.100 $14.500 562.900 E 3 17.100 51100 Backstreets Co. recently acquired all of Jungleland Inc's net assets in a business acquisition. The cash purchase price was $6.6 million, Jungleland's assets and liabilities had the following appraised values immediately prior to the acquisition: land, $1.5 million; buildings, $32 million, Inventory. $2.0 million; long-term notes payable, for which Backstreets Co. assumes payment responsibilities, $1.3 million Required: How much goodwill will result from this transaction? (Enter your answers in whole dollars.) Goodw Backstreets Co. recently acquired all of Jungleland Inc's net assets in a business acquisition. The cash purchase price was $12.6 million Jungleland's assets and liabilities had the following appraised values immediately prior to the acquisition: fand, $2.4 million, buildings, $5.8 million inventory. $3,4 million; long-term notes payable, for which Backstreets Co. assumes payment responsibilities, $25 million Required: How much goodwil will result from this transaction? (Enter your answers in whole dollars.) 200 Goodwid 40 Congratulations! You have just won $2 billion in the largest Powerball jackpot payoff ever! You will receive payments of $100,000,000 per year for the next 20 years. Use Table 6.5. (Use appropriate factor from the table provided.) Required: Calculate the present value of your lottery winnings, assuming an interest rate of 4%. (Round your answer to the nearest whole dollar.) Present value

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