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Homework answers / question archive / On January 1, 2018 ALTA S
On January 1, 2018 ALTA S.A. acquires a machinery from BAJA S.A. in exchange for a note that does not accrue interest for a value of ¢ 900,000, whose maturity date is December 31, 2020. The fair value of the machinery is
1)- AMORTIZTION TABLE
Taking the rate of depreciation as 15% on machinery and with respect to Straight Line method the rate of depreciation comes as 6.33%.
Date |
Interest |
Principal |
Balance |
Jan, 2018 |
$4,748 |
$35,275 |
$864,725 |
Feb, 2018 |
$4,561 |
$35,461 |
$829,264 |
Mar, 2018 |
$4,374 |
$35,648 |
$793,616 |
Apr, 2018 |
$4,186 |
$35,836 |
$757,780 |
May, 2018 |
$3,997 |
$36,025 |
$721,754 |
Jun, 2018 |
$3,807 |
$36,215 |
$685,539 |
Jul, 2018 |
$3,616 |
$36,406 |
$649,133 |
Aug, 2018 |
$3,424 |
$36,598 |
$612,534 |
Sep, 2018 |
$3,231 |
$36,791 |
$575,743 |
Oct, 2018 |
$3,037 |
$36,985 |
$538,758 |
Nov, 2018 |
$2,842 |
$37,181 |
$501,577 |
Dec, 2018 |
$2,646 |
$37,377 |
$464,200 |
2018 |
$44,470 |
$435,800 |
$464,200 |
Jan, 2019 |
$2,449 |
$37,574 |
$426,626 |
Feb, 2019 |
$2,250 |
$37,772 |
$388,854 |
Mar, 2019 |
$2,051 |
$37,971 |
$350,883 |
Apr, 2019 |
$1,851 |
$38,172 |
$312,712 |
May, 2019 |
$1,650 |
$38,373 |
$274,339 |
Jun, 2019 |
$1,447 |
$38,575 |
$235,763 |
Jul, 2019 |
$1,244 |
$38,779 |
$196,984 |
Aug, 2019 |
$1,039 |
$38,983 |
$158,001 |
Sep, 2019 |
$833 |
$39,189 |
$118,812 |
Oct, 2019 |
$627 |
$39,396 |
$79,416 |
Nov, 2019 |
$419 |
$39,604 |
$39,812 |
Dec, 2019 |
$210 |
$39,812 |
$0 |
2019 |
$16,070 |
$464,200 |
$0 |