chani-contributes-equipment-to-a-partnership-that-she-purchased-2-years-ago-for-10000-the-current-bo

Question

Chani contributes equipment to a partnership that she purchased 2 years ago for $\$ 10,000$ . The current book value is $\$ 7,500$ and the market value is $\$ 9,000$ . At what value should the partnership record the equipment?
A. $\$ 10,000$
B. $\$ 9,000$
C. $\$ 7,500$
D. none of the above

Carson Merrill · Accepted Answer

so we see that there&#x27;s a new machine that cost 100 $20,000. So since it&#x27;s knew that that time zero and the cost is 1 20 1000 and then we see that at 10 years, the value is 4000. All right, so we want to find a formula that gives us the value of the machine. So what this is going to look like is we first need to find the slope. So for party, we need to find Slope first. Um and this is going to look like 120,000 minus 4000 over zero, minus 10. What that looks like is 116,000 over a negative 10 which will give us 11,600 a negative 11,600 as our M value. With that, we now need to. Since we&#x27;re finding the formula, we need Teoh finally finish the equation. So we&#x27;re going to use this point, um, to determine it. So 1 20,000 is the Y value, which is going to equal negative 11,600 Uh, time zero plus B. That means that B equals 120,000. So our formula, our value formula will be, well, USVI, for Value V equals negative 11,600 t for the number of years plus 1 20,000 So that&#x27;s the formula right there. And for Part B, it&#x27;s asking us to determine from the value. After eight years stop all we have to do. They&#x27;re just put eight in for the value of tea. So it&#x27;s going to be V equals negative. 11,600 times eight plus 120,000. 11,600 Negative 1600 times eight is negative 92,800. So V equals negative 92,800 and that still plus 1 20,000 So now if we take 120,000 minus 92,800 that tells us that the value of the machine at eight years is $27,200.

Heather Zimmers · Answer

So here we have a situation where we&#x27;re talking about the value of a building that is appreciating going up in value over time. And we can organize the data into ordered pairs where the X coordinate is the number of years since 1990 and the Y coordinate is the value of the building. So we have the numbers given in the problem. Seven years since 1991 $165,000.12 years since 1991 $180,000. And we can use these two points to find the equation of the line that models the data. First we&#x27;ll find the slope, so we&#x27;ll find the difference in wise 180,000 minus 165,000 divided by the difference in the exes 12 minus seven. And that will give us 23,000. Now that we have this slope, we can use point slope form. Why? Minus y one equals M times X minus X one where AM is our slope that we just found and x one y one will be one of our two ordered pairs. It doesn&#x27;t matter which one you used. Either one will work I&#x27;m just going to use the 2nd 1 So I substitute those numbers into the equation and I have y minus 180,000 equals 23,000 times X minus 12. And then to simplify about equation, I&#x27;ll distribute the 23,000. So why minus 180,000 equals 23,000 x, minus 276,000 and then I&#x27;ll add 180,000 to both sides to isolate. Why? So why equals 23,000 x minus 96,000. And that&#x27;s the equation that models this situation. And for part B, we want to know the value of the building in the year 2010. The year 2010 would be 20 years since 1990. So that means our X value is 20. So we&#x27;re going to take X equals 20 and substituted into our equation. So why equals 23,000 tens 20 minus 96,000 and that gives us 364,000. So that tells us that we can expect the value of the building in the year 2010 to be 364,000

Amit Srivastava · Answer

Okay, So let us all the force part of the question. So we have our future value, which is 500,000 and this will be equal to present value multiplied by here is to our de So we have to find the present value. So 500,000 is equal to BV multiplied by ears to r R. Is the rate to 9% multiplied by time with this two years. Okay, so 500,000 is equal to P. V multiplied by this value which is 1.197 The baby is equal to 500,000 divided by 1.197 which is equal to $417710.94. Let us all the be part of the question in this part, we have to find the income stream. So where we see the income stream, we&#x27;ll see that in the present values formula. So BV is equal to integration from zero to t s, here is two minus rt integration. So DT. Okay, so we have been given the present value in the previous part. Okay, so we will keep it as it is for now. And we&#x27;ll solve the question so this will be equal to s income. Stream income stream is constant, so we can take the s out. So s integration from zero to t. D is time, which is two years 0 to 2 eres tu minus rt minus R r is rate so 9% 0.9 on time T as it is on duty. So this integration will give us s multiplied by eres tu minus 0.9 d divided by minus 0.9 This will range from 0 to 2. Okay, so this value is going to ask multiplied by one minus. It is to minus 0.18 divided by 0.9 Okay, so this values equal to again s multiplied by 1.830 We had the beef. You know that PV is equal to 417710.94 which is now equal to s multiplied by 1.83 Okay, so from that will calculate the S R income stream which is equal to 417710.94 divided by 1.83 This value is equal to 2 to 8 257 such a big value 0.34 and this is our income stream if we need to calculate the amount which you have to submit apartment, so we&#x27;ll divide this amount by 12 which will give us the poor month value, which is 19,000 21.44 dollars.

Linh Vu · Answer

coming to the questions. We will have the V zero and the Thames on the value of the computer equipment is gentle. 1005 100. And then after the three years, their value becomes the drought 1003 100. So it means that for the first information here we have the bond zero on 25 wrote and a second information. Here we have a second point three and trail 300. Then we can find a former for the greedy Virginia Empty. Blessed be when I am here, you go to why do minutes late one. Thank you. L&#x27;m honest X one. So we have here will be trail 300 Manus Trendy fly home road Dividing by three men a thorough So we got a good Jew doing out 300 my enough gente my 100 Ah Nico to minus 8200 Divided by three That is gonna be the amp and then the way I had a three day week Oh, withdrew the money internally 20 to 102 103 The glass Be now we need to find a B on. We can do this information had your father be so find a trendy 500 equal. Judah Manus, 8200. Remember three D Ri coaches. Aargh! It must be. Therefore be we called your Gente 1005 100. And now we have the equal of R D it go, Jew. The minus 800 to manage a Trojan generally running by three The blessed John 90,500 on this will be the A question for levity Now in being who had to find find interpret the meaning under Alexander y intercept. So great. Uh, the bone here is the why and deceptive Because we have visa ico judo gente fi 100. So, Miss Stander Wind to seven coaches. Oh, Gen de 500. This isn&#x27;t a meeting. Why in this act, it means that under time zero ah, time zero The Valium. You were a good you know, Jen Day Townsend 500. And now the X intercept is Wonder is when they read the ego to use their off and echo cheater minus 8200 McGee, Temps de Blessed 20. How in zone 500. And now we need yourself for the day here for that brings on Tilda. I bring this into the so is a to bring this quantity here to the left And in Gonda 8200. Remember three d you go to the gentle touch and 500. That isn&#x27;t a blast. Nothing we could do three times. Trendy fired, 100 divided by 8200. And we&#x27;re equally Jew three times eternity. If I have read, remember, cut around seven on fine years. So it means that ah ah ah The £7 fine years the value, uh, the equipment. We&#x27;ll go to zero and now in safe. What is the value of a human on the animal or five years of your five ego Jew? Man, It&#x27;s a town&#x27;s on 200 revival tree times Fi Jen did 1005 100 for ego Jew. So we have here. All right? Cute and d can five remember three. I understand, sir. Just drink tea. 5000. So we only 6000 100 Victory Bon tree three on Indy When we have a history in 2000. So empty V day. Now we go to the 3000 and then coach in the minus 8200 remember? Three times a day for US journal details and 500. So we need yourself a day here. First off, when I bring this continent, you know, uh, left on. Gotta go. June day minus 3000. Tickled you minus 17,500. We go, Jim. Honest, intelligent 200 Divine Victory Day. Their father&#x27;s day week. Oh, ju minus 17 500 times Treaty. Very like minus eight. I have 200. And what you go Jew around six bone fun years.

Lily An · Answer

So for this one, we know that we see constant rate, which is key word for always. Plug it into the wise equals MX plus B formula. So we&#x27;re going to try to imitate this formula, and we know that the M it&#x27;s a slope and B is the Y intercept. So we need to find both the slope and why intercept? So let&#x27;s think about So it says the equipment was initially thirty two thousand four hundred dollars. So at the very beginning, which is zero for time, it&#x27;s going to be thirty two thousand four hundred. So that&#x27;s one of our important coordinate points from there. We also know that the equipment depreciates added value at a constant rate for twelve years. So if that&#x27;s true, then we just have to take this value and divide that by twelve. So three to four hundred divine it, I&#x27;m told. We know that&#x27;s going to be, um, subtracting two seven zero zero each year is and we have found our why intercept and our slip So we could just put that into that equation. So we have why Isaac was negative. Two seven hundred thanks plus three two forms. Euros here. So then from here, if we&#x27;re looking for how much the equipment is worth after four years, we just have to plug that foreign for the X on. Then, if we calculated out so two, seven zero zero times four, it&#x27;s going to be negative. One zero eight zero zero. Now we just have to add three to four hundred from here on DH. Then if we do that, we get to one six zero zero. So this Matthew, if you didn&#x27;t know how to subtract this, all you have to do is aligned the numbers like this and start from the back. And you knows you&#x27;re a menace. Here is Euro again. Four minus eight. There&#x27;s going to be six because we borrowed the one one comes down and then three months one is to us. Then we could see

Problem

Juan contributes marketable securities to a partn…

Problem 5 Easy Difficulty

Chani contributes equipment to a partnership that she purchased 2 years ago for $\$ 10,000$ . The current book value is $\$ 7,500$ and the market value is $\$ 9,000$ . At what value should the partnership record the equipment?
A. $\$ 10,000$
B. $\$ 9,000$
C. $\$ 7,500$
D. none of the above

Answer

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Principles of Accounting Volume 1: Financial Accounting

Mitchell Franklin, Patty Graybeal, Dixon CooperPrinciples of Accounting Volume 1: Financial Accounting

Mitchell Franklin, Patty Graybeal, Dixon Cooper

Principles of Accounting Volume 1: Financial Accounting