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Mercury. · 2023年08月17日

require major capital expenditure in the near future是什么意思啊 没理解

NO.PZ2023020602000124

问题如下:

Assume U.S. GAAP applies unless otherwise noted. An analyst gathered the following information ($ millions) about companies operating 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 companies also use the same depreciation method. Based only on the information above, which company is least likely to require major capital expenditures in the near future?

选项:

A.Company 1 B.Company 2 C.Company 3

解释:

Average life of F/A= Accumulated depreciation/ annual depreciation expense, choose the least, which is least likely to require major capital expenditure in the near future.

RT

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王园圆_品职助教 · 2023年08月17日

同学你好,这里题目的意思是问哪个公司最有可能在不远的未来有大笔的资本支出

资本支出capital expenditures是为了购买固定资产的支出,所以本题实际是说未来哪个公司很快就要买固定资产了

由于三个公司都有“same type of equipment in the manufacturing process”,也就是固定资产是一样的。而且公司也“All companies also use the same depreciation method.”也就是折旧方法也一样,那理论上可使用的年限就应该是一样的

但是如果计算下公司的固定资产的平均已经使用年限越短,说明公司固定资产还可以用很久才要全换了,短期就不用花钱再买新的机器设备了;反之如果平均已经使用年限已经很大了,公司的固定资产就用不了多久了,短期就很可能会很快需要买新设备了

所以用以下讲义截图第一个公式,就可以计算平均已使用年限从而本题做出答案

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