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If you can answer it asap that would be great. Thanks! Q1 The following information relates to Yevhen Start-Up Company: Increase in property 480 Increase
If you can answer it asap that would be great. Thanks!
Q1 The following information relates to Yevhen Start-Up Company: Increase in property 480 Increase in Bank loans 1320 Gain from sale of Equipment 240 Depreciation 2 400 The Equipment bought at the launching of the Start up was recently sold for 720 and at a cost of 1'920 with an accumulated depreciation of 1'440. Instructions: From above information, compute the Cash flow from Investing. Q2 A new Start Up company (Luxury Gym Company) is assessing its Financial statements. Luxury Gym purchased Fitness and pedicure Machine - Lux model on 3 September 2021 for CHF 20'000. The company is considering whether to determine annual depreciation using the straight-line method or the double-declining balance method at 150% Accelerated rate. During the purchase, the company is said to have incurred Freight charges of CHF 1'500 and Tax expenses of CHF 1'300. Other expenses during the purchase were CHF 2'300 as Insurance costs after one month of machine operation and CHF 1'200 Taxi expenses from Zurich airport to Luzern for the Mr. Rish Sen "Poulet", the prominent machine operator recommended to come and install the machine at the gym center in Luzern. Management reports also show that the company expects to use the Machine for 10 years, at the end of which it will have an estimated salvage value of CHF 4'000. Compute depreciation for the first 3 years (2021, 2022 and 2023) under: a) Straight Line Depreciation Method (SLD) b) Double declining Depreciation method (DDB)Step by Step Solution
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