the fiscal year ended June 30, 2004 ($million):
Assuming the firm uses straight line depreciation, the average age and the average depreciable life of Bao’s fixed assets are closest to:
A. 7 years for average age and 20 years for average depreciable life.
B. 6 years for average age and 14 years for average depreciable life.
C. 6 years for average age and 20 years for average depreciable life.
第1题
Lazlo Ltd, a European-based telecommunications providers, follows IASB GAAP and capitalizes new product development costs. During 2012 they spent €25 million on new product development and reported an amortization expense related to a prior year’s new product development of €10 million. Other information related to 2012 is as follows:
An analyst would like to compare Lazlo to a US-based telecommunications provider and has decided to adjust their financial statements to U.S.GAAP. under U.S.GAAP, and ignoring tax effects, the return on asset (ROA) and cash flow from operations (CFO) for Lazlo would be closestto:
第2题
rranged financing for the construction of a new plant. The company:
·Borrowed NZ$5,000,000 at an interest rate of 8%.
·Issued NZ$5,000,000 of preferred shares with a cumulative dividend rate of 6%, and
·During the first year of construction of the company was able to temporarily invest NZ$2,000,000 of the loan proceeds for the first six months and earned 7% on that amount.
The amount of financing costs to be capitalized (NZS) to the cost of the plant in the first years isclosest to:
A.330,000.
B.400,000.
C.630,000.
第3题
nd capitalizes new product development costs. During 2008 they spent€25 million on new product development and reported an amortization expense related to a prior year’s new product development of €10 million. Other information related to 2008 is as follows:
An analyst would like to compare the European company to a similar U.S. based company and has decided to adjust their financial statements to U.S. GAAP. Under U.S. GAAP, and ignoring tax effects, the cash flow from operations (€ millions) for the company would be closest to:
A. 265.
B. 275.
C. 290.
第4题
The cost of the facility (exclusive of the underlying land) is $25 million and it is expected to provide a 10-year useful life, after which time the company will demolish the building and restore the underlying land. The cost of this restoration and cleanup is estimated to be $3 million at that time. The facility will be amortized on a straight-line basis. The company’s discount rate associated with this obligation is 6.25 percent. The total expense that will be recorded in the first year associated with the asset retirement obligation on this property isclosest to:
A. $163,618.
B. $224,945.
C. $265,879.
第5题
noted.
A company has equipment with an original cost of $850,000, accumulated amortization of $300,000 and 5 years of estimated remaining useful life. Due to a change in market conditions the company now estimates that the equipment will only generate cash flows of $80,000 per year over its remaining useful life. The company’s incremental borrowing rate is 8 percent. Which of the following statements concerning impairment and future return on assets (ROA) is most accurate? The asset is:
A. impaired and future ROA increases.
B. impaired and future ROA decreases.
C. not impaired and future ROA increases.
第6题
f estimated salvage value and useful life will most likely produce the highest net profit margin?
A. low salvage value estimates and long average lives.
B. high salvage value estimates and long average lives.
C. high salvage value estimates and short average lives.
第7题
has experienced a decline in the demand for its products. The following information relates to the company’s printing equipment as of 31 December 2010.
The impairment loss (in C$) is closest to:
A. 0.
B. 60,000.
C. 70,000.
第8题
evaluation model to value land. At the end of the current year the land value of the land has increased and will be adjusted on the balance sheet. Which of the following statements is most accurate? In the current period the revaluation of the land will:
A. increase return on sales.
B. increase return on assets.
C. decrease the debt to equity ratio.
第9题
ng equipment for the fiscal year ended December 31, 2010 using the information below. The company takes a full year’s depreciation in the year of acquisition.
The depreciation expense (in MXN) will most likely be:
A. 180,000 lower using the straight-line method compared with the double-declining balance method.
B. 140,000 higher using the units-of-production method compared with the straight-line method.
C. 112,000 higher using the double-declining method compared with the units-of-production method.
第10题
increase the value of a capital asset that had been previously written down?
A. Management wants to increase ROE in future periods.
B. The company is approaching the leverage limits of its borrowing agreement.
C. Management is concerned that income for the current year will fall below levels expected by analysts.
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