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Question g)

A company was established in 20x1 and is engaged in the production and sale of Product Y. During 20x1, the company has produced 2,000 units of Product Y and has 400 units left in stock as of 31.12.x1.

In addition to these 400 units, the company has raw materials (input factors) in stock as of 31.12.x1 which has an acquisition cost of NOK 600,000. Purchases of raw materials in 20x1 had an acquisition cost of NOK 4,400,000.

Variable manufacturing costs (excluding raw materials) were NOK 6,500,000 and fixed manufacturing costs amounted to NOK 2,000,000 for the entire production (2,000 units). What is the book value of the inventory of Product Y per 31.12.x1 when the full manufacturing cost is used as the basis for the assessment?

Select one option

None of these options

NOK 2,060,000

NOK 1,700,000

NOK 2,460,000

Question h)

A company invested NOK 10,000,000 in a machine on 01.01.x1. The expected economic life of the machine was 5 years and the company estimated that the machine would generate net cash flows (before depreciation) of NOK 3,500,000 (year 1), NOK 3,500,000 (year 2), NOK 3,500,000 (year 3) , NOK 3,000,000 (year 4) and NOK 2,937,600 (year 5). At the time of investment, this gives an expected internal rate of return from the investment of 20%. What will be the annual result in year 2 if the company uses an internal interest rate-based depreciation plan as the basis for accounting for the investment?

Select one option

NOK 1,800,000

None of these options

NOK 1,700,000

NOK 2,000,000

Question i)

A company entered into an agreement on 01.01.x1 to rent a 3D printer from the company Print AS. The rental period is 5 years, which corresponds to the most important part of the printer's expected economic life. The company shall pay NOK 510,000 (year 1), NOK 510,000 (year 2), NOK 510,000 (year 3), NOK 510,000 (year 4) and NOK 617,420 (year 5). If the company were to buy the 3D printer as of 01.01.x1, the acquisition cost would be NOK 2,000,000. In preparing the annual accounts, the company treats the lease as a financial lease with an implicit contract interest of 10% p.a. throughout the period. What amount is to be accounted for as paid installments related to the agreement in 20x1 (year 1)?

Select one option

None of these options

NOK 459,000

NOK 510,000

NOK 310,000

Question j)

The company UTLEIE AS bought a building on 01.01.x0 with an acquisition cost of NOK 100,000,000. The building is depreciated on a straight-line basis over 50 years. The building is rented out to a number of tenants on short leases. As of 31.12x9, the book value of the building is NOK 80,000,000. At this time, a failure occurs in the rental market and the expected sales value for the building at this time is estimated at NOK 75,000,000, while the value in use is estimated at NOK 81,000,000. should the building be capitalized in the accounts for 20x5?

Select one option

NOK 81,000,000

NOK 80,000,000

NOK 75,000,000

None of these options