It is a technique under which depreciation of a company is managed as such there is tax saving due to this. This is called tax reduction technique. Under this technique, depreciation is deducted from the taxable income so that there is tax saving. Copy the link given below and paste it in new browser window to get more information on Depreciation Tax Shield:- http://www.transtutors.com/homework-help/finance/depreciation-tax-shield.aspx
Creating Value Through Financial Management.Zil Shah
The ultimate objective of financial management is value creation.
A business proposal creates value only if its net present value is positive.
The fundamental finance principle can be applied to major corporate decisions
Profit is essential for a firm to sustain long-term growth.
Creating Value Through Financial Management.Zil Shah
The ultimate objective of financial management is value creation.
A business proposal creates value only if its net present value is positive.
The fundamental finance principle can be applied to major corporate decisions
Profit is essential for a firm to sustain long-term growth.
Fluid Dynamics- Surface and body forces – Euler’s and Bernoulli’s equations for flowalong a stream line for 3 -D flow and Problems, Momentum equation and its applications – forces on pipe bend and problems. Practical applications of Bernoulli’s equation - Pitot tube, Venturi meter and orifice meter. Flow over Rectangular, Triangular, Trapezoidal stepped notches and Problems – Broad crested weirs.
Fluid Dynamics- Surface and body forces – Euler’s and Bernoulli’s equations for flowalong a stream line for 3 -D flow and Problems, Momentum equation and its applications – forces on pipe bend and problems. Practical applications of Bernoulli’s equation - Pitot tube, Venturi meter and orifice meter. Flow over Rectangular, Triangular, Trapezoidal stepped notches and Problems – Broad crested weirs.
It is the process of considering alternative capital projects and selecting those alternatives that provide the most profitable return on available funds.
Examples of capital projects include land, buildings, equipment and other major fixed asset items.
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Sheet4Assignment 1 LASA # 2—Capital Budgeting Techniques
Sheet1
Solution
:-A) Computation of WACC:-Cost of equity (Ke) will be calculated using dividend discount model which is as under:-Price of share (P0) = D1/(Ke-g)Ke = (D1/(P0*(1-f))) + gWhere,D1 = D0*(1+g)F = Flotation costKe = ((2.50*(1+6%))/(50*(1-10%))) + 6%Ke = 11.89%i) Equity financing and debt financing are two different sources of financing being used by the organizations to procure funds. Equity and debt are two different sources of financing, equity financing represents internal source of finance whereas debt financing represent external source of finance. Mixture of both is always used by the business organizations to procure funds and is most commonly known as target ratio or capital structure ratio. This ration varies from industry to industry and company and company depending upon various circumstances, equity financing can be raised only through issuing shares in market by the help of initial public offer whereas debt financing can be raise from many sources such as bonds, long term loans, money market instruments etc.Equity Financing has following advantages:1. The total cash flows generated can be used solely for investment purpose, rather than paying back the investors.2. Funds can be raised in shorter time as compared to other sources of funds.However, in equity financing, dilution of ownership easily occurs and more investors can lead to loss of Control.Cost of debt (Kd) will be calculated as follows:-Kd = Market rate of deb*(1-tax rate)Kd = 5%*(1-35%)Kd = 3.25%Debt is a more common source of finance used by most of the organizations, the reason for the same is as follows:-a. Debt is cheaper source of finance as compared to equity the reason being the cost associated with issuing the common stock like. Underwriters commission, legal expenses, various registration charges, issuing of prospectus, printing of various documents etc.b. Debt financing provide leverage to the company which will increase the Earning per Share (EPS) which in turn leads to increase in market value of share, this helps organization to maximize its market capitalization.However, if the expansion venture does not work in favour of the company, then these obligations of repayment of principal and interest may turnout to be a burden to the company. WACC = (Ke*We) + (Kd*Wd)WACC = (11.89%*70%) + (3.25%*30%)WACC = 9.30%B) Computation of NPV of project A:-Depreciation = Cost of the asset – salvage value Life of the asset = 1,500,000/ 3 = 500,000Calculation of cash flows:Revenue – 1,200,000Less Cost – 600,000Less Depreciation – 500,000Profit - 100,000Less taxes (35%) 35,000Profit after taxes .
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Resultant of Coplanar Parallel Forces | Mechanical EngineeringTransweb Global Inc
If two or more than two forces are acting on a single plane then the forces are known as System of Coplanar Forces and if they are acting on different planes then the forces are called as Non-Coplanar Forces. Copy the link given below and paste it in new browser window to get more information on Resultant of Coplanar Parallel Forces:-
http://www.transtutors.com/homework-help/mechanical-engineering/force-systems-and-analysis/resultant-of-coplanar-parallel-forces.aspx
The force of attraction exerted by the earth on a solid body is known as Gravitational Force. It acts in a vertically downward direction and is known as weight of the body. Thus, the weight of the body is assumed to act at a point which is known as Centre of Gravity of a body. Copy the link given below and paste it in new browser window to get more information on The Centroidal Axis:-
http://www.transtutors.com/homework-help/mechanical-engineering/bending-stress/moment-of-inertia-about-the-centroidal-axis1.aspx
A force is a physical quantity that tends to change the behavior of a solid body when applied upon. This change in behavior may be change in shape of the body or motion of the body in the direction of its action. The force is a vector quantity since it has magnitude and direction. Copy the link given below and paste it in new browser window to get more information on System Of Coplanar Forces:-
http://www.transtutors.com/homework-help/mechanical-engineering/force-systems-and-analysis/system-of-coplanar-forces.aspx
Resultant of Two Unlike and Unequal Parallel Forces | Mechanical EngineeringTransweb Global Inc
A force is an external agent which changes or tends to change the behavior of any solid body. It is a vector quantity since it is designated with magnitude and direction. The forces may be of tensile or compressive in nature. Copy the link given below and paste it in new browser window to get more information on Resultant of Two Unlike and Unequal Parallel Forces:-
http://www.transtutors.com/homework-help/mechanical-engineering/force-systems-and-analysis/resultant-of-two-unlike-and-unequal-parallel-forces.aspx
Beam is a structural member whose lateral dimensions are much smaller than the longitudinal dimension and used to carry loads perpendicular to the longitudinal axis. The beams are generally used in buildings, bridges, trusses, etc., Copy the link given below and paste it in new browser window to get more information on SFD Load Diagram Examples:-
http://www.transtutors.com/homework-help/mechanical-engineering/bending-moment-and-shear-force/sfd-load-diagram-examples.aspx
A force is an external agent acting on another body. This force may moves or tends to move the body in the direction of its action. The force is a vector quantity since it is represented by its magnitude and direction. The force may be of pulling or pushing type. Copy the link given below and paste it in new browser window to get more information on Principle Of Transmissibility:-
http://www.transtutors.com/homework-help/mechanical-engineering/force-systems-and-analysis/principle-of-transmissibility.aspx
If a body is subjected to many forces on its plane at a single point then they are called as Coplanar Concurrent Forces. The effect of the forces acting on the body is unknown. It is necessary to determine the resultant force of the coplanar forces to know this effect. Copy the link given below and paste it in new browser window to get more information on Law Of Polygon:-
http://www.transtutors.com/homework-help/mechanical-engineering/force-systems-and-analysis/law-of-polygon.aspx
Similarities between Leadership and Management | ManagementTransweb Global Inc
In many aspects, leadership and management are almost known as Synonymous but both the words mean different. Similarities between Leadership and ManagementLeadership is an important and essential part of management. Without leadership, the meaning of management won’t be completed. Copy the link given below and paste it in new browser window to get more information on Similarities between Leadership and Management:-
http://www.transtutors.com/homework-help/industrial-management/leadership/similarities-between-leadership-and-management.aspx
The Rank Positional Weight Method can be used to develop and balance an assembly line. In this method, work elements are divided among workstations depending on the duration of work elements and their precedence position. Copy the link given below and paste it in new browser window to get more information on Ranked Positional Weight Method:-
http://www.transtutors.com/homework-help/industrial-management/line-balancing/ranked-positional-weight-method.aspx
Business Intelligence And Business Analytics | ManagementTransweb Global Inc
Business Intelligence is the initial basic step of Business Analytics. It refers to gathering raw and complex data, and converting it into systematic and logical information in a format that is usable by the end user. Copy the link given below and paste it in new browser window to get more information on Business Intelligence And Business Analytics:-
http://www.transtutors.com/homework-help/management/managing-information-technology/business-intelligence-analytics/
The ABC (Activity Based Costing) System is a system whereby the categorization of the cost is done one the basis of the various cost drivers. A cost driver is an activity that generates the cost. Copy the link given below and paste it in new browser window to get more information on ABC Cost Hierarchy:-
http://www.transtutors.com/homework-help/cost-management/activity-based-costing/abc-cost-hierarchy/
In today’s competitive world the term Speed to Market plays an important role for everyone. So, Speed to Market means the pace of introducing any change, innovation, creativity, any market practice for the purpose of increasing the Promotion of the product as quickly as possible in the market. Copy the link given below and paste it in new browser window to get more information on Speed To Market:-
http://www.transtutors.com/homework-help/industrial-management/product-development/speed-to-market.aspx
Hubris prevalent in an organizational context is referred as ‘managerial hubris’, which means the cognitive bias in the decision making process by one of the senior officials in an organization. Copy the link given below and paste it in new browser window to get more information on Managerial Hubris:-
http://www.transtutors.com/homework-help/finance/theories-of-merger-and-acquisition/managerial-hubris/
Conductance is an ability of a material to allow the passage of current or fluid or temperature through different materials. It is opposite of resistance through a path, higher the conductivity of material lower is its resistance. It is most commonly used with electrical circuits, though it is also used in fluid and thermals. Copy the link given below and paste it in new browser window to get more information on Conductance:-
http://www.transtutors.com/homework-help/electrical-engineering/conductance.aspx
Advantages and Disadvantages of Digital Electronics | Electrical EngineeringTransweb Global Inc
Digital Electronics circuits are those which operate with digital signals. These are discrete signals which are sampled from analog signal. Digital circuits use binary notation for transmission of signal. Copy the link given below and paste it in new browser window to get more information on Advantages and Disadvantages of Digital Electronics:-
http://www.transtutors.com/homework-help/electrical-engineering/digital-electronics/advantages-disadvantages/
Stabilization Of Operating Point | Electrical EngineeringTransweb Global Inc
Biasing of BJT amplifiers plays an important role in operation of these amplifiers. Broadly biasing means application of DC voltage for amplification of AC signal. For individual devices biasing circuit mainly includes resistance. Copy the link given below and paste it in new browser window to get more information on Stabilization Of Operating Point:-
http://www.transtutors.com/homework-help/electrical-engineering/transistors/stabilization-of-operating-point.aspx
Curves are of different types and for different purposes. Some of the curves are utility curve, margin curves, demand and supply curve, offer curves, etc. International trade is based on international specialization. Copy the link given below and paste it in new browser window to get more information on Offer Curves:-
http://www.transtutors.com/homework-help/international-economics/analytical-tools/offer-curves.aspx
Currency is any form of money in general circulation in a country. Foreign exchange is money denominated in the currency of another country or a group of countries. Simply, an exchange rate is defined as the rate at which the market converts one currency into another. Copy the link given below and paste it in new browser window to get more information on Fixed Exchange Rate:-
http://www.transtutors.com/homework-help/international-economics/economic-policy-in-open-economy/fixed-exchange-rate/
Computer Architecture is the set of pre-defined rules and methods that describes the functionality of computer system. In other words, a computer consists of both hardware and software and using some rules and methods for the interaction of both hardware and software of a computer is known as computer architecture. Copy the link given below and paste it in new browser window to get more information on Computer Architecture:-
http://www.transtutors.com/homework-help/computer-science/computer-architecture/
One of the great advantages of high-level programming languages such as c, c++, and java is that they are machine independent. Programs written in the high-level languages can run on any machine. This is possible because of the compiler. Copy the link given below and paste it in new browser window to get more information on Compilers computer program:-
http://www.transtutors.com/homework-help/computer-science/compilers-computer-program.aspx
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Biological screening of herbal drugs: Introduction and Need for
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Antifertility, Toxicity studies as per OECD guidelines
Palestine last event orientationfvgnh .pptxRaedMohamed3
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June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
Francesca Gottschalk from the OECD’s Centre for Educational Research and Innovation presents at the Ask an Expert Webinar: How can education support child empowerment?
Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
How to Make a Field invisible in Odoo 17Celine George
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Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
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The French Revolution Class 9 Study Material pdf free download
Depreciation Tax Shield | Finance
1.
2. MEANING
• Under this technique, depreciation is deducted from the taxable
income so that there is tax saving. Due to deduction of this
depreciation amount, the owner is able to save the tax amount
which is the depreciation amount multiplied by the tax
percentage.
3. Computing Depreciation
Need to know which asset class for tax purposes
Declining Balance
Multiply the undepreciated capital cost (UCC) by the CCA rate (from the Tax Act)
Half-year rule (can only deduct 50% of the usual amount in the year of
acquisition of the asset)
Can use PV of CCA Tax Shield Formula (see next page)
Straight-line depreciation
Very few assets are depreciated straight-line for tax purposes
Depreciation = (Initial cost – salvage) / number of years
4. PV OF CCA TAX SHIELD FORMULA
• WHERE:
• UCC = INITIAL COST OF ASSET, INCLUDING INSTALLATION
COSTS LESS ANY TRADE-IN VALUE RECEIVED FOR AN
EXISTING ASSET
• D = CCA RATE
• TC = CORPORATE TAX RATE
• K = DISCOUNT RATE (CORPORATION’S COST OF CAPITAL)
k
k
1
5.01
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dT
UCCPV c
CCAfrom
ShieldTax
5. Example: Depreciation and Salvage
You purchase equipment for $100,000 plus it costs $10,000 to have it
delivered and installed. Based on past information, you believe that the
equipment will have a salvage value of $17,000 in 6 years. The
company’s marginal tax rate is 40%. If the applicable CCA rate is 20%
and the required return on this project is 10%, what is the present value
of the tax shield from CCA less the present value of the tax shield lost
from salvage?
The delivery and installation costs must be added to the initial cost of
the asset and then depreciated
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0.400.20
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5.01
kd
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UCCPV c
CCAfrom
ShieldTax
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k
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0.400.20
000,17
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dT
SalvagePV
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c
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6.
7. Hey Friend,
This was just a summary on DepreciationTax Shield. For more detailed
information on this topic, please type the link given below or copy it from the
description of this PPT and open it in a new browser window.
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shield.aspx