1.

Cost 100,000,000 x 80% 80,000,000

legal expense 3,000,000 x 80% 2,400,000
total 82,400,000

2. cost 100,000,000
legal expense 3,000,000
103,000,000

3. cost 120,000,000 investment property

4. cost none property, plant & equipment

5. fair value 55,000,000

6. net selling price 2,500,000

7. cost 330,000
import 10,000
purch taxs 15,000
transport 5,000
installation 5,000
total 365,000

8. land 855,000 x (300/900) 285,000

warehouse 855,000 x (200/900) 190,000
office building 855,000 x (400/900) 380,000
total 855,000

9. cash price 116,000

installation 2,000
total 118,000

10. invoice price 1,500,000

discount -75,000
freight 25,000
installation 25,000
total 1,475,000

11. 80,000 x 5.712 456,960

12. fair value 35,000,000

legal cost 220,000
total 35,220,000

13. Machine-new 810,000

Accum Depn 600,000
Machine-old 1,200,000
 Cash 160,000
Gain 50,000

14. Equipment-new 185,000

Equipment-old 120,000
Cash 65,000

15. Equipment-new 135,000

Cash 65,000
Loss 20,000
Equipment-old 220,000

16. cost 4,000,000

legal fees 50,000
title guarantee 30,000
total 4,080,000

**Note: used as factory site (all other fees charged to new building)

17. purch price 2,500,000

handling cost 200,000
site preparation 600,000
consultants 700,000
dismantling cost 300,000
total 4,300,000

18. cash price 651,460

19. 3-year note 3,000,000

non-interest note:
first payment 1,000,000
1M x 1.69 1,690,000 2,690,000
total 5,690,000

20. Vehicle 420,000

Cash 90,000
Machine 450,000
Gain 60,000

21. Machine 510,000

Vehicle 300,000
Cash 90,000
Gain 120,000

22. Asset R 16,000

Asset Givenup 12,000
Cash 4,000
23. Asset R 15,000
Cash 4,000
Asset Givenup 19,000

24. New truck 1,880,000

Accum Depn 1,200,000
Loss 80,000
Cash 1,560,000
Old truck 1,600,000

25. cost 1,000,000

legal fees 3,480
title insurance 2,400
assessment 6,400
cost to tear down 40,000
proceeds -5,400
total 1,046,880

26. 40 x 10,000 shares 400,000

proceeds -50,000
total 350,000

27. cash price 20,500

cash payment 6,000
fair value 14,500
carrying amount 16,800
loss on exchange 2,300

28. fair value 60,000

cash paid 75,000
total 135,000

29. sinking fund jan 4,500,000

add'l investment 900,000
dividends 150,000
interest revenue 300,000 1,350,000
total 5,850,000
administration cost 50,000
sinking fund dec 5,800,000

30. 5,000,000/5.11 978,500

31. annual deposit (6,000,000/6.34) 946,400

32. annual deposit (5,000,000/5.98) 836,120

33. principal amount 5,000,000
fv of 1 for 6 @ 10% 1.77 multiply
fv of annuity 8,850,000

34. fv at maturity 7,160,000

fv of for 10 @ 6% 1.79 divide
initial investment 4,000,000

35. annual premium 20,000

less:inc in csv:
54,000 - 43,500 10,500
dividend received 3,000 13,500
life insurance exp 6,500

36. premium paid 40,000

less:inc in csv:
108,000 - 87,000 21,000
life insurance exp 19,000

37. cash price-new 2,050,000

less: cash payment 600,000
fv of old mach 1,450,000
less: ca 1,680,000
loss on exchange -230,000

38. ca of truck given 1,200,000

cash received -200,000
cost of new truck 1,000,000

39. fv of shares issued (5,000 x 4,400) 22,000,000

40. fv of ts (100,000x40) 4,000,000

scrap value -50,000
cost 3,950,000

41. fv of bonds (600,000 x 102) 612,000

fv of shares (40,000 x 19) 760,000
total cost 1,372,000

42. dp 400,000
pv of NP (600,000 x 2.58) 1,548,000
shipping 200,000
installation 350,000
cost 2,498,000

43. current market value of land 2,400,000

44. architect fee 950,000
new building 8,000,000
total 8,950,000

45. escrow fee 100,000

property tax 150,000
real estate comm 300,000
cost to be allocated 550,000

cost of bldg 4,000,000

remodeling 500,000
550,000 x 4/5 440,000
total 4,940,000

46. purchase price 2,400,000

cost to tear 240,000
salvage value -20,000
legal fee 15,000
title insurance 10,000
special assessment 30,000
total 2,675,000

47. architect fee 100,000

building contractor 6,000,000
insurance 25,000
total 6,125,000

48. price 1,260,000

shipping 30,000
installation 40,000
testing 50,000
total 1,380,000

49. pv of future payments (200,000 x 5.712) 1,142,400

50. fv of inventory given 2,100,000

cash payment 100,000
total 2,200,000