 # ACCN 3100 Test 3 Practice 2 solutions - PartI 1. 2. 3. 4....

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Part I1. A2. C: BV = 480k – 360k = 120k. So sale price = 129,000.3. C4. D5. A6. A7. A (C is wrong because it should be numerator)8. A: DDB rate = 50%. Year 1: 39,000 x 50% = 19500. Year 2 (39,000 – 19500) x 50% = 97509.C: unit cost = (90,000 – 3000)/120,000 = .72 .72 x 18,000 = 12,96010. A: depreciation from 2010 to 2012 is 40,000 each. So in 2013: BV = 280,000. With the new information, depreciation is (280,000 – 60,000)/2 = 110,00011. C12. A13. D14. B: 800,000 + 30% x 600,000 – 30% x 200,000 = 920,00015. D: 30% x 600,000 = 180,000Problem II(a)DateExpendituresSep 1\$  150,000Oct 1Nov 1Dec 1Dec 31(b)Weighted-AverageAvoidable°
Accum. Expend.Rate Interest\$100,000.12\$  12,000  92,000.10    9,200\$192,000(c) Weighted interest rate:(100,000 x 12% + 100,000 x 10%)/200,000 = 11%                                    3pt192,000 x 11% = 21,120                                     3ptProblem III(a)Step1 : BV = 7,000,000 – 800,000 = 6,200,000 2ptBV > Future Cash flow

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Term
Spring
Professor
smith
Tags
10, 12, 192 000, DMG Radio Australia, Grocers Supply, 150 000
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