You: How do I set up the adjusting entry for accrued interest?
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A project costs $50,000 and returns $18,000 a year for 4 years at 10%. Do we accept it?
NPV = $7,056.95 — accept the project.
Here's how to get there, step by step.
1
Bring each year's $18,000 back to today's value.
Year 1: 18,000 ÷ 1.10 = 16,363.64
2
Add the four discounted amounts.
Total today: 57,056.95
3
Subtract what the project costs now.
57,056.95 − 50,000 = 7,056.95
The calculation
| Year 1, in today's dollars | 16,363.64 |
| Year 2, in today's dollars | 14,876.03 |
| Year 3, in today's dollars | 13,523.67 |
| Year 4, in today's dollars | 12,293.61 |
| Total today | 57,056.95 |
| Cost of the project | −50,000.00 |
| NPV | 7,056.95 |
All the numbers in one place, in case you want to double-check anything.
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Interest expense = 2,000 × 0.08 × 3/12 = 40.00
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