I need all these questions answered.. Thank you

I need all these questions answered.. Thank you

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1. The Modified Accelerated Cost Recovery System (MACRS) specifies which of the following
depreciation methods for buildings?
A. 150% declining-balance.
B. Double-declining-balance.
C. Straight line.
D. Buildings are not depreciable assets
.
2. The Modified Accelerated Cost Recovery System (MACRS) specifies which of the following
depreciation methods for land?
A. 150% declining-balance.
B. Double-declining-balance.
C. Straight line.
D. Land is not a depreciable asset.
3. If an organization has an obligation to pay $5,000 to a supplier two years from now, the
present value of the obligation:
A. is less than $5,000.
B. is $5,000.
C. is more than $5,000.
D. could be calculated using an annuity factor from the present value tables.
4. Depreciation, in accounting, is a process that results in:
A. depreciable assets being reported in the balance sheet at their fair market value.
B. accumulating cash for the replacement of the asset.
C. an accurate measurement of the economic usefulness of an asset.
D. spreading the cost of an asset over its useful life to the entity.
Use the below present value tables for problems 5, 6 and 7

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5. The present value of $3,000 to be received in 7 years at 10% is:
A. $616.22
B. $1,539.60
C. $3,000.00
D. $5,845.67
6. The present value of $3,000 to be received every year for 9 years, at 10%, is:
A. $7,073.80
B. $12,273.00
C. $17,277.00
D. $27,000.00
7. The present value of an obligation of $4,000 payable in 7 years at 8% is:
A. $1,760
B. $2,334
C. $3,206
D. $3,680
8. A particular common stock has an annual cash dividend of $2.00 per share and is predicted to
have a market value of $30 per share 5 years from now. Assuming a discount rate of 10%, a fair
market price for the stock today is:
A. $20.00
B. $26.21
C. $37.58
D. $56.21
9. Psyche Company wants to acquire Trim Company. Trim’s ROI has been above average for its
industry; net income has averaged $70,000 a year more than the industry average. These
“excess” earnings are expected to continue at this amount for 5 years. Assuming a discount rate
of 8%, how much goodwill will arise from Psyches’ purchase of Trim?
A. $40,836
B. $88,157
C. $279,489
D. $350,000

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