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What is FCA in accounting?

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Darryn D'Souza
Darryn D'SouzaLv10
13 Feb 2021
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Related questions


Falcon Crest Aces (FCA), Inc., is considering the purchase of asmall plane to use in its wing-walking demonstrations and aerialtour business. Various information about the proposed investmentfollows:

Initial investment $ 200,000
Useful life $ 10 years
Salvage value 20,000
Annual net income generated $ 4,600
FCA's cost of capital 9 %

Assume straight line depreciation method is used.

3. Net present value (NPV).

4. Recalculate FCA's NPV assuming the cost ofcapital is 3% percent.

Directions
Reflect on the accounting and what you learned aboutaccounting . In your own words, answer the following:
• Summarize how you believe accounting class can helpedyou.
• State what you found most interesting in accounting andwhy.
• Discuss the most challenging topic or aspect of talking aaccounting course.
• Describe your understanding of accounting performanceExplain your knowledge of accounting .

1 - What are the key differences between managerial andfinancial accounting?

2 - How is managerial accounting relevant to you in your futurecareer?

3 - Why has ethical behavior in the area of accounting andfinance become so important?

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