For Each of the Independent Situations Below,determine the Age of the Asset

question 80

Essay

For each of the independent situations below,determine the age of the asset in question.All assets were acquired at the beginning of the year.
a.The balance in the Buildings account is $400,000 while the balance sheet shows the book value of the buildings at $217,600.The notes to the financial statements indicate that straight-line depreciation is used for all property,plant,and equipment and that residual values are estimated at 5% of cost.The estimated life of the buildings is 25 years.
b.The book value of the delivery equipment is $51,520.The cost of the delivery equipment was $80,500.The company uses the straight-line method of depreciation for delivery equipment and estimates life at 5 years or 50,000 units.So far,27,000 units have been produced.Residual value is 10% of cost.
c.The balance in the Accumulated Depreciation account for furniture is $21,875.The furniture has been amortized a total of 43.75% of its original cost.The company's notes to the financial statements indicate that double-declining-balance depreciation is used for all furniture.The company estimates useful life at 8 years and residual value at 20% of cost.

Identify different roles within the police force and their functions.

Describe the historical evolution and challenges of policing.

Recognize the characteristics and views officers have towards their profession and society.

Differentiate between various models of policing and their underlying philosophies.

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Definitions:

Expected ROE

The anticipated return on equity, predicting future profitability by estimating the rate of return on shareholders' equity.

Multistage DDM

A version of the Dividend Discount Model which assumes dividends grow at different rates in different stages of a company's life.

Treasury Bond Yields

The return investors can expect to receive from holding a government treasury bond until its maturity.

Earnings Yields

A financial metric calculated by dividing earnings per share by the current market price per share, serving as the inverse of the P/E ratio.