Brittney Brooker
MEMORANDUM
To: Manager of Snowy Ridge Ski Resort
From: Kate Smith, Chief Accountant for Recreational Properties, Inc.
Date: October 27, 2010
RE: Fair Value Assessment
The subsequent valuations are consistent with the Statement of Financial Accounting Standards no. 157, defined as “the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.”
Snowy Ridge Ski Resort was acquired on June, 30th, 20X0 by Recreational Properties for $46,050,000. The fair value of identifiable assets and liabilities acquired are reported as $42,500,000, resulting in a computed goodwill of $4,000,000.It should be noted that goodwill
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It should be noted that an income approach could have also been used. Using a determined market discount rate of 6% and current year revenue of $3,028,000 at a four year discounted rate, the value would have been $12,040,548. Because adequate market information was available to make a more accurate estimate of the fair value, this is the estimate that was chosen.
The real estate division was estimated to have a fair value of $13,890,000. This was determined by totaling the number of lots expected to sell within the next four years and multiplying it by the price per lot of $180,000. After determining total lot sales, a 20% discount rate was applied as suggested by current market conditions. Given the unique nature of the real estate development, it is not believed that there are any comparable developments to find a market multiple.
After calculating the fair value of Snowy Ridge’s assets it was necessary to test for impairment. Impairment was tested by comparing the carrying value of each asset to its fair value (see table 2). The carrying value of marketable securities as of June 30th was $4,500,000. The current fair value of marketable securities was found to be 4,565,000, a positive difference of$ 65,000. Changes in marketable securities are reported even without impairment, thus an adjustment was made (see table 3). The carrying value of the mountain division as of June 30th was $12,360,000. The current fair
The acquisition of the so-called “former Champion lands” resulted from one of the most complicated land deals in Vermont history. The Champion Lands in Vermont were part of a larger deal involving almost 300,000 arces in New York, New Hampshire as well as Vermont. The specifics of how the property was transferred to the current owners are relevant because in some cases the provisions of the transfer mandate certain types of management or constrain management in other ways.
Of the four properties, Stony Walk has the highest net cash from sale ($8347.87), net book value ($9649.72), amortization and reserve, taxable income, tax benefits, and monthly mortgage rate ($8000). However, Stony Walk has the lowest gain on sale.
An interest, a hobby, or a lifestyle? Nordic skiing has put many tolls on my life. Through hard work and dedication; I have put myself in a position where not only would my application be incomplete without mentioning skiing, but my life would be unthinkable without it. To be a successful skier, there are many obstacles a person must overcome. Which all include an unimaginable prize to be won.
An appraiser recently valued Plyler’s fixed assets at $600,000 and determined that $40,000 of their accounts receivable was non collectible. Based on only this information, what was the market value of Plyler’s shareholders’ equity at the end of 2015?
According to the calculation of Laflin in year five, NOI is $216,784. At a 10% cap rate the property is worth $2,167,840. My adjusted calculation yields a valuation
The value of the property is to be determined at the time of the trail.
The lot has a relatively square shape, and level with road access directly off of the Bull Run Road. The subject lot is surrounded by improved lots on three sides, one of which includes the appellant's residence. The subject lot was made buildable in 2015 due to the fact that the owner had paid valid market price of $452,000, and the lot is adjoined to improved lots and comparable vacant lots which are considered buildable and have approved septic fields. Consequently, its assessed value was increased from $60,000 to $311,000. The new improved lots in the area are approved for above ground septic
It takes only 45 minutes to reach Park City Ski Resort from Salt Lake City International Airport. You could be carving a turn in the Greatest Snow on Earth before most people get out of Denver. And you'll have twice as much to do when you get here. Regardless of your group’s dynamics, Park City Mountain Resort has something for everyone. Fine-tune your skills in our skiing or snowboarding school then let loose on our NASTAR and Mountain Cross courses. There's enough diversity in the terrain to please every level of skier or snowboarder. And when you decide to call it a day, we've got a nice little mining town that will make you feel more at home than home! You'll find everything you’ve dreamt of in Park City, Utah, and more!
During 2012 sales on account were $145,000 and collections on account were $86,000. Also, during 2012 the company wrote off $8,000 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at $54,000. The change in the cash realizable value from the balance at 12/31/11 to 12/31/12 was (Points : 2)
While you may not initially suspect that it’s possible to place an actual dollar value on this beloved Oahu mountain range, certain aspects of it can actually be described in terms of monetary value. The drinking water that this forest supplies may actually be valued at between $4.6 billion and $8.5 billion. The value of the habitat surrounding the watershed can be valued at $567 million, and the aesthetic worth of the
While various components become possibly the most important factor, at last a property's worth is judged by one and only figure - what amount would somebody say somebody is readied to pay for it at the time? The hugest contemplations for evaluating a property are late deals and current rivalry. The previous is a survey of what different properties of this sort have sold for, while the last considers comparative homes that are in the blink of an eye available.
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This report provides an analysis and evaluation of the current and prospective profitability of the Shady Trails property. Methods of analysis include trend, horizontal and vertical analysis as well as calculations such as Return on Assets, Return on Equity, Loan-to-Value ratio and the Gross Rent Multiplier. All calculations are found in the appendices.
When reviewing the 9 assets that were listed as of October 31, 2017, comparing the initial list price, current list price and “recon value” (which is the SAM reconciled value used to list a property), 1 of the assets had a variance (sales price as a percentage of the initial list price) outside of what RMS believes is an acceptable range. This is a low value asset in Gary Indiana and RMS has questioned why SLS took the asset to foreclosure.
Based on the balance sheets of 2012 to 2014 financial years of the two well-known Australian mining companies listed on the Australia Stock Exchange (ASX), which are BHP Billiton and Rio Tinto, it can be seen the relationship between relevance value (the capability of making a difference in user decisions) and reliability value (if the information is realistic, verifiable and neutral for capitalization of assets). BHP Billiton only reports two intangible assets which are goodwill and other intangibles, goodwill being the difference in consideration paid for a business combination where it exceeds the fair value of the of the identifiable net assets acquired, which is immediately recognized in the income statement as it is attributable to a non-controlling interest in a business combination and since it is determined on a transaction by transaction basis.