NO.PZ2018062018000052
问题如下:
Company M purchased a $500,000 equipment with a 5-year useful life at the beginning of 2016, considering the salvage value is zero. The equipment was capitalized and depreciated on straight-line method. At the end of 2016, ending shareholders’ equity of company M is 15,000,000, the tax rate is 27%, net income is 900,000, no dividend is taken into account. All else equal, if the equipment were expensed rather than capitalized, company M's return on equity at the end of 2016 would be:
选项:
A.
6.3%.
B.
4.1%.
C.
5.6%.
解释:
B is correct.
If the equipment were expensed rather than capitalized, company M’s net income and shareholders’ equity would be $292,000 lower than before: ($500,000-$500,000/5)× (1-27%) = $292,000
- NI 90万加回已经计提的折旧10万*(1-27%)再减去费用50万*(1-27%)得到费用化后的NI,这样的思路对吗?