Present value interest factor of $1 per period at i% for n periods, PVIF(i,n). 47:34 1% 1.75% 2.0% 2.25% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 7.0% 8.0% 10% 15% 20% 25% 1 0.9901 0.9828 0.9804 0.9780 0.9756 0.9709 0.906209615 0.6569 0.9524 0.9348 0.9250 0.0001 0.8898 0.8333 0.8000 2 0.9803 0.9650 0.90120.9586 0.9518 0.9420 0.9335 0.9240 0.9157 0.9070 0.8734 0.8573 0.8264 0.7581 0.6944 0.6400 3 0.9708 0.9403 0.9423 0.8354 0.9280 0.0151 0.9019 0.8890 0.8783 0.8638 0.8103 0.7838 0.7513 0.0576 0.5787 0.5120 4 0.9810 0.9330 0.9238 0.9148 0.9080 0.8885 0.8714 0.8548 0.8386 0.8227 0.7829 0.7350 0.6830 0.5718 0.4823 0.4096 5 0.0515 0.0169 0.9057 0.8947 0.8839 0.8628 0.8420 0.8219 0.0025 0.7835 0.7130 0.6800 0.6209 0.4972 0.4019 0.3277 6 0.9420 0.9011 0.8880 0.8750 0.8623 08375 0.8135 0.7903 0.7679 0.7482 0.0063 06302 0 5845 0.4323 0 3349 0.2821 7 0.9327 0.8856 0.8706 0.8558 0.8413 0.8131 0.7980 0.7500 0.7348 0.7107 0.8227 0.5835 0.5132 0.375 0.2701 0.2097 8 0.9235 0.8704 0.8535 0.8389 0.8207 0.7804 0.7504 0.7307 0.7032 0.6768 0.5820 0.5403 0.4685 03289 0.2328 0.1078 9 0.9143 0.8554 0.8368 0.8185 0.8007 0.7884 0.7337 0.7020 0.8729 0.6448 0.5439 0.5002 0.4241 02843 0.1938 0.1342 10 0.9053 0.8407 0.8203 0.8005 0.7812 0.7441 0.7089 0.6756 0.0430 0.0130 0.5083 0.4632 0.3855 0.2472 0.1615 0.1074 111 08983 0.8203 0.8043 0.7829 0.7821 0.7224 0.6849 0.6498 0.0162 0.5847 0.4751 0.4280 03505 02149 0.1348 0.0859 12 0.8874 0.8121 0.7885 0.7857 0.7430 0.7014 0.8818 0.6246 0.5897 0.5668 0.4440 0.3071 0.3186 0.1869 0.1122 0.0687 131 0.8787 0.7081 0.7730 0.7488 07254 0.8810 0.6304 0.6000 0.5843 0.5303 0.4150 0.3677 0.2897 0.1625 0.0935 0.0550 14 0.8700 0.7844 0.7570 0.7323 0.7077 0.6811 0.8178 0.5775 0.5400 0.5051 0.3878 0 3405 0.2633 0.1413 0.0779 00440 15 0.8813 0.7709 0.7430 0.7182 0.6905 0.8410 0.5000 0.5553 0.5167 0.4810 0.3624 0.3152 0.2304 0.1229 0 0040 0.0352 181 0.8528 0.7576 0.7284 0.7005 0.8738 0.8232 0.5767 0 5330 0.4945 0.4681 0.3387 0.2919 02170 0.10800 0541 0.0281 171 0.8444 0.7446 0.7142 0.8851 0.6572 0.6050 0 5572 0.5134 0.4732 0.4383 0.3168.0.2703 0.1978 0.0929 0.0451 0.0225 181 0.8380 0.7318 0.7002 0.8700 0.6412 0.5874 05384 0.4936 0.4528 0.4156 0.2950 0.2502 0.1799 0.0808 0.0378 0.0180 10 08277 0.7102 0.6884 0.6552 0.0255 0.5703 0 5202 0.4746 0.4333 0.3957 0.2765 0.2317 0.1635 0.0703 0.0313 0.0144 20 0.8195 0.7008 0.6730 0.6408 0.8103 0.5537 05028 0.4584 0.4140 0.3780 0.2584 0.2145 0.1488 0.0811 0.0261 0.0115 25 0.7709 0.6481 0.0005 0.5733 0.5304 0.4778 0.4231 0.3751 0.3327 0.2963 0.1842 0.1480 0.0923 0.0304 0.0105 0.0038 301 0.7410 0.5042 0.5521 0.5130 04767 0.4120 0.3563 0.3083 0.2870 0.2314 0.1314 0.0994 00573 0.0151 0.0042 0.0012 35 0.7050 0.5449 0.5000 4500 0.4214 0.3554 0.3000 0.2534 0.2143 0.0037 0.0878 0.0358 0.0075 0.0017 0.0004 40 0.6717 0.4098 0.4529 0.4100 0.3724 0.3088 02528 0.2083 0.1710 0.1420 0.0088 0.0460 0.0221 0.0037 0.0007 0.0001 50 0.0080 0.4200 0.3715 0.3287 0.2009 0.2281 0.1791 0.1407 0.1107 0.0872 0.0330 0.0213 0.0085 0.0009 0.0001 0.0000 0.1813 . Prey 1 of 20 E Next > 22 Saved He 3 4 8 7 Present value interest factor of an (ordinary) annuity of $1 per period at i% for n periods, PVIFA(i.n). # 196 1.75% 2% 2.25% 2.5% 3.0% 3.5% 4.0% 4.5% 5% 7% 8% 10% 15% 20% 2596 1 0.9901 0.0828 0.9804 0.9780 0.0750 0.9709 0.9082 0.9615 0.9580 0.9524 0.9348 0.9250 0.9001 0.8698 0.8333 0.8000 2 1.9704 1.9487 1.04 16 1.9345 1.9274 1.9135 1.8997 1.8881 1.8727 1.8504 1.8080 1.7833 1.7355 1.6257 1.5278 1.4400 2.9410 2.8990 2.8839 2.8809 2.8560 2.8286 2.8288 2.8016 2.7751 2.7751 2.7490 2.7232 2.6243 25771 2.4869 22832 2.1005 1.9520 3.9020 3.8309 3.8309 3.8077 3.7847 3.7820 3.7171 3 6731 3.6209 3.5875 3.5480 3.3872 3.3872 3.3121 3.1099 2.8550 2.5887 2.3016 54.8534 4.7470 4.7135 4.6795 4.6458 4.5797 45151 4.4518 4.3900 4.3295 4.1002 3.9927 3.7908 3.3522 2.9908 26893 5.7955 5.8490 5.6014 5.5645 5.5081 5.4172 5.3288 5.2421 5.1579 5.0757 4.7865 4.6229 4 3553 3.7845 3.3255 2.9514 6.7282 6.5348 6.4720 6.4102 8.3404 6.2203 6.1145 8.0021 5.8927 5.7864 5.3893 5.2084 4.8884 4.1604 3.6046 3.1811 8 7.8517 7.4051 7.3255 7.2472 7.1701 7.0197 6 8740 8.7327 6.5950 6.4632 5.9713 5.7408 5.3349 4.4873 3.8372 3.3289 8.5880 8.2605 8.1622 8.0857 7.9700 7.7861 7.8077 7.4353 72888 7.1078 6.5152 6.2460 5.7500 4.7716 4.0310 3.4631 10 9.4713 9.1012 8.9826 8.8662 8.7521 8.5302 8.3106 8.1100 7.91277.7217 7.0230 7.0238 6.7101 6.1446 5.0188 4.1925 3.5705 111 10.3878 9.2275 9.7868 9.6491 9.5142 9.2528 9.0018 8.7605 8.5289 8.3084 7.4987 7.1390 8.4951 5.2337 4.3271 3.6584 12] 11.2551 10.7395 10.5753 10.4148 10.2578 9.9540 9.6833 9.3851 0.1188 8.8633 7.9427 75381 6.8137 5.4208 4.4392 3.7251 13 12. 1337 11.5376 11.3484 11.1638 10.9832 10.6350 10.3027 9.9858 9.8829 0.3938 8.3577 79038 7.1034 5.5831 4.53273.7801 14 13.0037 12.3220 12.1062 11.8950 11.6909 11.2981 10.9205 10.5831 10.2228 9.8988 8.74558.2442 7.3807 5.7245 4.8106 3.8241 15 13.8851 13.0929 12.8493 12.6122 12.3814 11.9370 11.5174 11.1184 10.7395 10.3707 0.10798.5695 7.8081 5.8474 4.6756 3.8593 10 14.7179 13.8505 13.5777 13.3126 13.0560 12.5811 12 0941 11 6523 11.2340 10.8378 2.4488 8.8514 7.8237 5.9542 4.7208 3.8874 17 15.5823 14.5851 14 2919 13.9977 13.7122 13.1661 12.6513 12. 1657 11.7072 11.2741 9.7832 9.1216 8.0216 8.0472 4.7746 3.2009 18 18.3983 15.3260 14.2020 14.6677 14.3534 13.7535 13.1897 12.6593 12.1600 11.6898 10.0501 9.3719 8.2014 8.1280 48122 3.9270 19 172260 10.0481 15.6785 15.3229 14.978914.3238 13.7098 13.1339 12 5933 12.0853 10.3356 0.8038 8.3849 8.1962 4.8435 3.9424 20 18.0458 16.7529 16.3514 15.9637 15.5892 14.8775 142124 13.5003 13.0079 12.4822 10.5040 9.8181 8.5138 6.2503 4.8698 3.6539 25 22.0232 20.1088 19.5235 18.9624 18.4244 17.4131 16.4815 15.6221 14.8282 14.0939 11.6536 10.8748 0.07708.4641 4.0476 3.9849 30 25.8077 23.1858 22,3985 21.6453 20.9303 19.6004 18.3920 17 2920 18.2889 15.3725 12.4090 11.2578 0.4289 6.5880 49789 3.9950 35 29.4088 28.0073 24.9888 24.0458 23.1452 21.4872 20.0007 18.6846 17.4610 16.3742 12.0477 11.8548 0.8442 6.6186 4.9915 3.9984 40 32.8347 28.5042 27.3555 28.1935 25.1028 23.1148 21.3651 19.7928 18.4016 17.1591 13.3317 11.9246 9.7791 6.8418 4.9988 3.9995 50 30.1961 33.1412 31.4236 29.8344 28.3823 25.7298 23.4556 21.4822 19.7820 18.2559 13.8007 12.2335 0.9148 8.8805 4.9995 3.9999 Prey 1 of 20 I Next > On January 1, 2020, Layton Corporation made a basket purchase of land, a building, and furniture and fixtures. The total purchase price was $420,000. Layton also paid $6,000 for title fees and $8,000 in legal fees related to the purchase. Appraised values at the time of the purchase were: land $100,000; building, $350,000; and furniture and fixtures, $50,000. Required: 1. Make the journal entry to record the purchase of the assets, with cost based on appraised values. 2. The building had an estimated useful life of 20 years and residual value of $50,000. Make the journal entry to record depreciation for 2020 using the declining-balance method and a 150% acceleration rate. 3. The furniture and fixtures are expected to have useful lives of 4 years and no residual value. What is the amount of depreciation on the furniture and fixtures for 2020, assuming that Layton uses the straight-line method of depreciation for such assets? 4. Based on the information in part 3, what is the book value of the furniture and fixtures at the end of 2020? 5. Under IFRS, would Layton be able to use the declining-balance method for the building and the straight-line method for furniture and fixtures? Discuss briefly