Question: Remaining Time: 1 hour, 50 minutes, 38 seconds. Question Completion Status: Lane Co. has a machine that cost $900,000. It is to be leased for
Remaining Time: 1 hour, 50 minutes, 38 seconds. Question Completion Status: Lane Co. has a machine that cost $900,000. It is to be leased for 20 years with rent received at the end of each year. Lane wants a retum of 10% Calculate the amount of the annual rent A) Present value of 1 at 10% for 20 periods 0.14864 B) Future value of 1 at 10% for 20 periods 6.72750 C) Present value of an ordinary annuity at 10% for 20 periods 8.51356 D) Future value of an ordinary annuity at 10% for 20 periods 57 27500 Express your answer as an integer without sign (Round all computations to the nearest dollar. For example, input "100.000 your answer is $100,000 22). QUESTION 22 Adele Inc. reports the following information: Correction of understatement of depreciation expense in prior years, before taxes Dividends declared Income before income tax Retained earings, 1/1/20, as reported Effective income tax rate $ 1,075,000 480,000 2,500,000 6,000,000 40% Determine: 1. Adele should report the beginning balance of retained camnings after prior period adjustment, 1/1/20, at 2. Assuming that you computed the beginning balance of retained earnings after adjustment to be $5,330,000. Adele should report retained earnings, 12/31/20, at Express your answer as an integer without $ sign (Round all computations to the nearest dollar. For example, input "100.000 your answer is $100,000 22) Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save Al Answers MacBook Air
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