Question
(Kindly type out all steps with no images attached, thank you) Q1. Linux Inc. had an operating cash flow of $950, change in net working
(Kindly type out all steps with no images attached, thank you)
Q1.
Linux Inc. had an operating cash flow of $950, change in net working capital of $320 and cash flow from assets of $560. In addition, it had deprecation of $125 and a beginning fixed asset value of $450. Given this information, calculate the company's ending fixed asset value. Show calculations in detail.
Q2.
Robex Corporation purchased a long-term asset for $90,000. The asset has a 25% CCA rate. At the end of year 5, Robex sold the asset for 27,000. Given this information, determine the value of the terminal loss or recapture at the end of year 5. Show calculations in detail.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started