Reverse Mortgage

Dakota asked: Coley Company issued $30 million face amount of 9%, 10-year bonds on June 1, 2009. The bonds pay interest on an annual basis on May 31 each year. My Question is: Calculate the interest expense that Coley will show with respect to these bonds in its income statement for the fiscal year ended [...]

plantecody asked: I’m looking to calculate when my loan will finish (paying above the minimum payment) rather than how much i will be paying. I just need the name of what this would be called. any help is appreciated. Thanks in advance

yuko13224 asked: Dec 31 2010 Patents (70,000 cost less 7,000 amortization) 63,000 During 2011 Jan 2 27,000 legal fees to defend patent July 1 12,000 for legal costs to acquire new patent What would be the amortization expense for 2011? And the balance sheet figure for patents for Dec 31 2011? Please answer, any help [...]

handsome asked: am i right to say that amortization is for intangible assets and depreciation is for tangible assets?

alaum asked: Income statement: Sosa Corporation recently reported an EBITDA of $31.3 million and $9.7 million of net income. The company has $6.8 million interest expense, and the corporate tax rate is 35 percent. What was the company’s depreciation and amortization expense?

Big A asked: I am given EBITDA, Net Income, Interest Expense, and Tax Rate

ViewSonic asked: what are the concepts of depreciation and amortization.

moor questions asked: When I got to the part about depreciation in my tax software, the first question was “what amortization cost did you have”. I’m not certain exactly what items are involved.

wynette2000 asked: We just paid off our mortgage, but have an outstanding home equity loan, which we took out to benefit from the tax deduction. Now that the mortgage is paid off, we’re wondering if the loan is still deductible.

crazysweetguy asked: I bought the sign on Jan 9 of 2007 and need to know how many years the recovery period is on my taxes this year.