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2 years ago

Belltone Company made the following expenditures related to its 10-year-old manufacturing facility:

Business

1 answer:

scoundrel [369]2 years ago

6 0

Answer:

The journal entries are as follows:

(1) Accumulated depreciation - Building A/c Dr. $250,000

To Cash $250,000

(To record the replacement of heating system)

(2) Building A/c Dr. $750,000

To cash $750,000

(To record the new wing)

(3) Maintenance expense A/c Dr. $14,000

To cash $14,000

(To record the maintenance expense)

(4) Equipment A/c Dr. $50,000

To cash $50,000

(To record the new equipment)

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1 year ago

You are trying to decide between a par value corporate bond carrying a coupon rate of 6.25% per year and a par value municipal b

FinnZ [79.3K]

Answer:

Municipal bond because the equivalent taxable yield is 6.6%

Explanation:

we should make the important difference that municipal bonds are tax free while corporate bonds don't.

Therefore we should solve for the after tax rate fo the corporate bond:

$pretax (1-t) = after tax -rate\\0.0625(1-0.28) = 0.0625(0.72) = 0.045$

The corporate bond as a yield of 4.5% after taxes which is lower than the municipal bond. This make it more attractive

We can also solve for the pre-tax rate of the municipal bond:

$pretax(1-t) = after tax - rate\\pretax (1-0.28) = 0.0475\\pretax = 0.0475/0.72 = 0,065972 = 0.066$

the municipal bonds would be equivalent to a 6.6% corporate bonds.

This makes option D correct.

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2 years ago