What information does the following XBRL tag provide? 20000
What will be an ideal response?
Answer:
1. The IFRS taxonomy is used.
2. The context in which asset held for sale appears is current as of a specified date.
3. The unit of measure used is Euros.
4. Two decimal places are used.
5. The amount of asset held for sale is 200.00.
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FITCO is considering the purchase of new equipment. The equipment costs $350,000, and an additional $110,000 is needed to install it. The equipment will be depreciated straight-line to zero over a five-year life. The equipment will generate additional annual revenues of $265,000, and it will have annual cash operating expenses of $83,000. The equipment will be sold for $85,000 after five years. An inventory investment of $73,000 is required during the life of the investment. FITCO is in the 40% tax bracket and its cost of capital is 10%. What is the project NPV?
A. $52,122. B. $64,090. C. $97,449.
Although technology has evolved, fans are still consuming sport through the same levels today as they have for the past two decades
a. true b. false