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Assume U.S.GAAP （generally accepted accounting principles) applies unless otherwise n

Assume U.S.GAAP (generally accepted accounting principles) applies unless otherwise 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.

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更多“Assume U.S.GAAP （generally acc…”相关的问题

第1题

An analyst is comparing the financial statements of Company A and Company B.both compani

es have incurred expenses of approximately $250 million in the current year to expand their production facilities.Company A is highly leveraged.Company B does not have any outstanding debt and paid the $250 million from internal cash reserves.The most likely effect of the difference in the capital structures of the two companies will be:

A.Company A will report higher asset balances related to the facilities under construction.

B.The companies will report the same asset balances related to the facilities under construction.

C.Company A’s interest coverage ratio will be lower than it would have been if the company had expensed all interest.

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第2题

The effects on a firm’s financial statement in the initial year when cost of an asset i

s expensed rather than capitalized are:

A.Pre-tax cash flow is lower and the debt-to-equity ratio is higher.

B.Pre-tax cash flow remains the same and the debt-to-equity ratio is lower.

C.Pre-tax cash flow remains the same and the debt-to-equity ratio is higher.

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第3题

An analyst has gathered the following information from the current year fixed asset disc

losures of three competing companies:

Based on this information, which company is depreciating its building over the longest average period?

A.Company X.

B.Company Y.

C.Company Z.

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第4题

Which of the following would most likely be lower in the early years of an asset’s life

using accelerated depreciation methods rather than straight-line depreciation?

A.Investing cash flow

B.Shareholder’s equity

C.Cash flow from operations

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第5题

A company records an asset retirement obligation (ARO) because of environmental damage.W

hich of the following will most likely result from the recording an ARO in any given year?

A.An increase in return on equity and an increase in depreciation expense

B.An decrease in return on equity and an increase in depreciation expense

C.An decrease in return on equity and an decrease in depreciation expense

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第6题

An analyst gathers the following information ($ millions) about three companies operati

ng in the same industry:

Although the companies have different levels of sales and assets, they are all experiencing sales growth at about the same rate and use the same type of equipment in the manufacturing process.All three companies also use the same depreciation method.Which company is least likely to require major capital expenditures in the near future? Company:

A.1.

B.2.

C.3.

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第7题

A company prepares its financial statements in accordance with U.S.GAAP (generally acce

pted accounting principles).It expected to be the sole supplier for a state-wide school milk program and had production facilities valued at $28.4 million.Recently several other companies were also granted milk-supply contracts throughout the state and the company now estimates that it will only be able to generate cash flows of $3 million per year for the next 7 years with its facilities.The firm has a cost of capital of 10%.

The impairment loss (in $-millions) on the production facilities will most likely be reported in the company’s financial statements as a:

A.13.8 reduction in operating cash flows..

B.13.8 impairment loss in the income statement

C.7.4 reduction in the balance sheet carrying amount.

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第8题

Two software companies that report their financial statements under U.S.GAAP (generally

accepted accounting principles) are identical except as to how soon they judge a project to be technologically feasible.One firm does so very early in the development cycle while the other usually waits until just before the project is released to manufacturing.Compared to the company that judges technological feasibility early, the one that waits until closer to manufacturing will most likely report lower:

A.financial leverage.

B.total asset turnover.

C.cash flow from operations.

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第9题

A Canadian printing company which prepares its financial statements according to IFRS h

as 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.

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第10题

Which of the following is the least likely reason as to why a firm’s management would

Which of the following is the least likely reason as to why a firm’s management would 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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