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Please provide the correct answers. there are several answers and i need the corrects ones. 1.Compute the cost of the property, plant and equipment at

Please provide the correct answers. there are several answers and i need the corrects ones.

1.Compute the cost of the property, plant and equipment at the end of the current year.Explain your answer.

2.What was the approximate age of the property, plant and equipment at the end of the current year?

3. Compute the fixed asset turnover ratio for the current year.Explain your results.

4. What is the excess cost over fair value of assets acquired?

5. On the consolidated statement of cash flows, why are the depreciation and amortization amounts added to income from continuing operations?

Christy Company operates in the entertainment industry. In June 2013, Christy purchased Matts Movies which produces and distributes various video products. The purchase resulted in $2.7 million in goodwill. Since then, Christy has undertaken a number of business acquisitions and diversifications as the company expands. Selected date from a recent annual report are as follows: ((dollars in thousands)

Property, Plant & Equipment and Intangibles Balance Sheet

Current Year

Prior Year

Film cost (net of amortization)

$1,272

$ 991

Artists Contracts and other Entertainment Assets

761

645

Property, Plant & Equipment (net)

2,733

2,559

Excess of Cost over Fair Value of Assets Acquired

3,076

3,355

Accumulated Depreciation on Property, Plant & Equipment

1,178

1,023

Income Statement

Total Revenue

9,714

10,644

Statement of Cash Flows

Income from Operations

880

445

Adjustments

Depreciation

289

265

Amortization

208

190

Other Adjustments

-1,618

-256

Net Cash provided by Operations

-241

644

Required

Compute the cost of the property, plant and equipment at the end of the current year.Explain your answer.

What was the approximate age of the property, plant and equipment at the end of the current year?

Compute the fixed asset turnover ratio for the current year.Explain your results.

What is the excess cost over fair value of assets acquired?

On the consolidated statement of cash flows, why are the depreciation and amortization amounts added to income from continuing operations?

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