Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

SHOW COMPLETE SOLUTION ABCD Corporation had the cashflow from year 2001 to 2019 as shown in the figure (year-end basis). Furthermore, the list below shows

SHOW COMPLETE SOLUTION

ABCD Corporation had the cashflow from year 2001 to 2019 as shown in the figure (year-end basis). Furthermore, the list below shows the detailed fixed assets acquisition of the company. Acquisition year: 2001 Equipment : Walk behind compactor Initial cost : 155,000.00 Mobilization : 2,000.00/yr Electricity : 18,000.00/yr Service life : 7 years Salvage value : 10,000.00 Acquisition year: 2001 Equipment : 5.0 kW Diesel generator set Initial cost : 52,800.00 Mobilization : 1,500.00/yr Electricity : 20,000.00/yr Fuel : 14,000.00/yr Service life : 12 years Salvage value : 500.00 Acquisition year: 2013 Equipment : 7.5-ton capacity Dump truck Initial cost : 5.0M Miscellaneous : 85,000.00/yr Service life : 12 years Salvage value : 10% of initial cost Upon reaching service lives of the equipment indicated, the company immediately repurchase these fixed assets for replacement. If all the transactions made in the cashflow diagram were 3% compounded annually, costs of equipment do not vary during the given timebound, and the book depreciation used is straight-line method, determine the: 1. The total revenues acquired by the company at the end of 2019.

image text in transcribed

That's all the given question, you can refer to the figure shown

image text in transcribed

That's all the given in the problem.

Thats all the information about the question. Theres nothing I can add.

The specific question is find net income on year 2005 and net income on year 2015.

P15.2M P2.5M P1.8M 2001 HU P1.68M P4.2M P15.2M P2.5M P1.8M 2001 HU P1.68M P4.2M

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Profit First For Dentists Proven Cash Flow Strategies For Financial Freedom

Authors: Barbara Stackhouse, Drew Hinrichs, Mike Michalowicz

1st Edition

1735907804, 978-1735907802

More Books

Students also viewed these Accounting questions

Question

Writing a Strong Introduction

Answered: 1 week ago