During its current tax year (year one), a pharmaceutical company purchased a mixing tank that had a fair market price of $120,000. It replaced an older, smaller mixing tank that had a BV of $15,000. Because a special promotion was underway, the old tank was used as a trade-in for the new one, and the cash price (including delivery and installation) was set at $99,500. The MACRS class life for the new mixing tank is 9. 5 years. (7. 4, 7. 3)
a. Under the GDS, what is the depreciation deduction in year three?
Total of the old and new mixing costs ($15,000 + $99. 00) = $114,500
b. Under the GDS, what is the BV at the end of year four?
c. If 200% DB depreciation had been applied to this problem, what would be the cumulative depreciation through the end of year four?
Answers
The cumulative depreciation through the end of year four is $74,176 ($25,263 + $20,227 + $15,982 + $12,704).
Under 200% DB depreciation, the initial year's depreciation is twice the straight-line depreciation rate, or (2/9.5) x $120,000 = $25,263.
The second-year depreciation is twice the declining BV from the first year, or (2/9.5) x ($120,000 - $25,263) = $20,227.
The third-year depreciation is twice the declining BV from the second year, or (2/9.5) x ($94,737 - $20,227) = $15,982.
The fourth-year depreciation is twice the declining BV from the third year, or (2/9.5) x ($78,755 - $15,982) = $12,704. Thus, the cumulative depreciation through the end of year four is $74,176 ($25,263 + $20,227 + $15,982 + $12,704).
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Related Questions
How do plants obtain the water required for photosynthesis?
Answers
Answer:
from their roots
Explanation:
the roots dig into the ground and absorb water for the plant
Answer:
they obtain their water from the roots of the plant and roots take the water from the soil.
The best way to achieve significant increases in interest accrual in a savings account is through-----------A) Increases in interestB) Increases in principalC) Increases in timeD) Compounding
Answers
D) Compounding is the most effective strategy to achieve notable improvements in interest accrual inside a savings account.
The process of compounding?As the money you earn on your savings starts to earn a return on itself, it is what is known as compound interest. As interest increases, it starts to accumulate more quickly and grows exponentially. Your funds may be significantly impacted.
Compounding is it legal?State pharmacy boards oversee the practice of compounding. If hospital and community compounding pharmacists adhere to the rules established in Section 503A, they are granted exemptions from the Food And drug regulations, Chemical, and Cosmetic Act of 1938.
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name two of accounts used in commercial banks
Answers
Saving account
The following selected accounts and normal balances existed at year-end. Make the four journal entries required to close the books: Accounts receivable $45,000, Prepaid insurance 4,500, Land 50,000, Accounts payable 39,000, Notes payable 55,000, Retained earnings 12,000, Dividends 2,000, Fees earned revenue 65,000, Selling expenses 34,500, Administrative expenses 12,750, Miscellaneous expense 1,250.
Answers
The required Journal Entries that are required to close the book for the selected four accounts at year-end include the following:
Journal Entries:
December 31,
Debit Fees earned revenue $65,000
Credit Income Summary $65,000
To close the Fees revenue to income summary.
Debit Income Summary $34,500
Credit Selling expenses $34,500
To close the selling expenses to income summary.
Debit Income Summary $12,750
Credit Administrative expenses $12,750
To close the administrative expenses to income summary.
Debit Income Summary $1,250
Credit Miscellaneous expense $1,250
To close the miscellaneous expenses to income summary.
Data Analysis:
1. Accounts to be closed to Income Summary are:
Fees earned revenue $65,000 Income Summary $65,000
Income Summary $34,500 Selling expenses $34,500
Income Summary $12,750 Administrative expenses $12,750
Income Summary $1,250 Miscellaneous expense $1,250
2. Assets and Liabilities accounts:
Accounts receivable $45,000
Prepaid insurance 4,500
Land 50,000
Accounts payable 39,000
Notes payable 55,000
Retained earnings 12,000
Closed to Retained earnings: Dividends 2,000
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Should citizens participating in
criminal trials should have some requirements such as someone who
has a degree? Or someone who makes at least $20,000 per year? Why
or why not?
Answers
Citizens participating in criminal trials should not be required to have a degree or make a certain amount of money per year. This is because such requirements would create inequalities in the justice system and violate the principle of equal protection under the law that is enshrined in the US Constitution.
First, requiring citizens to have a degree in order to participate in criminal trials would discriminate against those who cannot afford higher education. This would create an unfair advantage for those who are more affluent and better-educated, and it would prevent many people from serving on juries or as witnesses.
Secondly, requiring citizens to make a certain amount of money per year would also create inequalities. Poorer citizens would be excluded from participating in criminal trials, which would violate their rights to equal protection under the law. Moreover, wealth is not necessarily a measure of a person's ability to serve as a juror or a witness. A person's income level does not necessarily correlate with their intelligence, education, or integrity
.In conclusion,citizens should not be required to have a degree or make a certain amount of money per year in order to participate in criminal trials. Doing so would violate the principle of equal protection under the law, create inequalities, and prevent many people from participating in the justice system.
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In 2013, the CPI was about 2.5 times its level in 1981. The price of a pack of cigarettes was one dollar at 1981 and five dollars in 2013, then the real price has blank since 1981. They inflation address price today should be white if there had been no real close and the price of a path
Answers
The real price of a pack of cigarettes in 1981, adjusted for inflation, would be two dollars. Inflation refers to the sustained increase in the general price level of goods and services in an economy over a period of time.
In 2013, the Consumer Price Index (CPI) was approximately 2.5 times its level in 1981, indicating an inflationary increase in prices over that period.
If the price of a pack of cigarettes was one dollar in 1981 and increased to five dollars in 2013, we can calculate the real price change since 1981 by adjusting for inflation.
To find the real price change, we divide the price in 2013 by the CPI ratio (2.5) to adjust it to the 1981 level:
Real price in 1981 = Price in 2013 / CPI ratio
Real price in 1981 = $5 / 2.5
Real price in 1981 = $2
Therefore, the real price of a pack of cigarettes in 1981, adjusted for inflation, would be two dollars. This means that the price of cigarettes, in real terms, has increased from one dollar in 1981 to two dollars in 2013, considering the inflationary impact on prices.
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You get a part time job through an employment service. The service charges you ten percent of your forst weeks pay as payment for getting the job. tax or no tax
Answers
Answer:
No tax
Explanation:
____________ is defined as monitoring performance, comparing it with goals and taking corrective action as needed. a. Controlling b. Planning c. Leading d. Measuring e. Organising
Answers
Answer:
A) Controlling
Explanation:
Controlling is a function of management and can be described as monitoring performance, comparing performance to pre-determined goals, and taking corrective action as needed.
Answer: Planning
Explanation: planning is the basic step to develop or to grow the company or any of things because without planning we cannot achieve our goals, or complete any of the tasks therefore planning is the basic step which has to take in the beginning.
planning helps an individual to achieve his goals in a proper way and it helps to get a good performance if our planning is good, if our planning is not good then it would effect our goals.
therefore planning is defined as monitoring performance, comparing it with goals and taking corrective as needed
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Which of the following approaches to internationalization of business has the disadvantage of shared ownership?
a. Importing
b. Licensing
c. Exporting
d. Joint ventures
e. Direct investment
Answers
Exporting is the approach to internationalizing business that has the disadvantage of shared ownership.
When a company exports its products to a foreign country, it sells them to distributors or agents in the target market who take ownership of the products before selling them to local customers. This means that the company has to share the ownership of its products with these intermediaries, which can result in a loss of control over its brand and quality.
Exporting has several advantages, such as low investment costs, minimal risk, and quick entry into a new market. However, it also has some disadvantages, such as lack of control over distribution and marketing, language and cultural barriers, and limited profit margins due to the involvement of intermediaries.
Exporting is suitable for businesses that want to test the waters in a new market without making significant investments or commitments. However, it is not a long-term strategy for sustainable growth, and companies that rely solely on exporting may miss out on the opportunities of direct investment in the foreign market.
Direct investment, on the other hand, involves establishing a physical presence in the foreign market, such as setting up a subsidiary, a joint venture, or acquiring an existing company. This approach provides greater control over operations, marketing, and distribution and allows companies to leverage their strengths and expertise in the foreign market. However, it also involves higher risks, costs, and complexities compared to exporting.
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You want to buy a T-bill that will pay $1,000,000 when it matures in 90 days.
a) If you want a discount yield of 5.0% on the T-bill, what should be the purchase price?
b) What is the bond equivalent yield for the T-bill? Show all calculations or calculator inputs.
Answers
The purchase price of the T-bill with a discount yield of 5.0% should be approximately $982,684.54.
The bond equivalent yield for the T-bill can be calculated using the formula: Bond Equivalent Yield = (Discount Yield / (1 - Discount Yield)) * 100.
a) To calculate the purchase price of the T-bill with a discount yield of 5.0%, we can use the formula: Purchase Price = Face Value / (1 + Discount Yield * (Days to Maturity / 360)). In this case, the face value is $1,000,000 and the days to maturity is 90. Plugging in these values, we get Purchase Price = $1,000,000 / (1 + 0.05 * (90/360)) = $982,684.54.
b) The bond equivalent yield for the T-bill is calculated using the formula: Bond Equivalent Yield = (Discount Yield / (1 - Discount Yield)) * 100. In this case, the discount yield is 5.0%, so the bond equivalent yield = (0.05 / (1 - 0.05)) * 100 = 5.26%.
Therefore, the bond equivalent yield for the T-bill is approximately 5.26%.
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one type of shipping document is the ________, which is a written contract between the carrier and the seller of the receipt and shipment of goods.
Answers
One type of shipping document is the bill of lading, which serves as a written contract between the carrier and the seller regarding the receipt and shipment of goods.
A bill of lading contains essential information such as the names and addresses of the shipper and consignee, a detailed description of the goods being transported, the quantity or weight of the goods, and the terms and conditions of the shipment. It acts as a receipt when the goods are delivered to the carrier, acknowledging that they have been received for transportation. Additionally, it serves as a document of title, allowing the consignee or its authorized agent to take possession of the goods upon arrival.
The bill of lading has several key functions. Firstly, it serves as a contract of carriage, outlining the obligations and responsibilities of the carrier and the shipper. It specifies the agreed-upon terms, such as the mode of transportation, the delivery location, and the liability for any loss or damage to the goods during transit. Secondly, it serves as a receipt, confirming that the goods have been loaded onto the carrier's vessel or other means of transport.
Lastly, it can function as a negotiable instrument, enabling the transfer of ownership or the assignment of rights over the goods to a third party through endorsement. Overall, the bill of lading plays a crucial role in facilitating the smooth and secure movement of goods in international trade.
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A basic belief of Classical Economists is that
the economy is unstable in the long-run.
prices and wages are "sticky."
government intervention is needed to control problems in the economy.
prices and wages are self-correcting.
the economy may operate at less than full employment.
Answers
Therefore, the best answer is C. prices and wages are self-correcting.
who knows where you cant get your mom to stop yelling
Answers
Answer:you cant my parents do the same
Explanation:
theres no help
Answer:
if u mom yells at you for a certain (for example if she yells at u for not cleaning up then u should maybe clean so she wouldn't have to yell at u for that reason)
Explanation:
If during the fiscal year, the federal government takes in $3 trillion in taxes, but
spends $4 trillion, the government will have run what is called
Answers
Answer:
A fiscal deficit
Explanation:
A fiscal deficit is a condition where the government expenditures exceed its income. It is when the total budgeted expenditure estimates are more than the projected government's income. A government that budget deficits year after year is living beyond its means.
The actual fiscal deficit can be calculated by subtracting the expenditure from the projected income. In this case, the government fiscal deficit will be $1 trillion.
Why did President Trump feel that more aggressive trade policies with China were necessary?
Answers
Answer:
President Donald Trump is leading one of the most radical changes in America’s stance toward China in decades.Where past presidents engaged Beijing in good faith on issues like improving its human rights record or its conduct in cyberspace, Trump has preferred to treat the country as a strategic competitor that requires a more aggressive response by the United States.
The US has a lot to be angry about. Among other indiscretions, Beijing has stolen US technological and personnel secrets for its own advantage, antagonized US allies in the South China Sea, killed or imprisoned more than a dozen American informants, and taken millions of US jobs over the past 15 years.
But instead of working to fix at least some elements of strained US-China relations while putting up with the bulk of China’s misbehavior, Trump has chosen to completely reshape the relationship and go after Beijing on all of it.
“This administration is not really focused on just a couple of things,” says Bonnie Glaser, a China expert at the Center for Strategic and International Studies think tank in Washington, “it’s really focused on everything.”
Explanation:
Hope it helps
Although research questions usually concern a _________, the actual research is typically conducted with a ________. sample, statistic population, parameter sample, population population, sample
Answers
Research questions usually concern a population, but the actual research is typically conducted with a sample. A population refers to the entire group of individuals or objects that the researcher wants to study, while a sample is a subset of that population that is selected for the actual research study.
To understand this concept, let's consider an example. Imagine a researcher wants to investigate the eating habits of college students in a particular city. The population would be all the college students in that city. However, it would be impractical and time-consuming to collect data from every single college student. Therefore, the researcher would select a smaller group, called a sample.
which could be a representative group of, let's say, 500 college students. The researcher would then collect data from this sample to draw conclusions about the eating habits of the entire population of college students in that city. In summary, research questions typically concern a population, but the actual research is conducted with a sample. The sample is a smaller subset of the population that is selected for the research study.
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In general, governments around the world carry out fiscal policy
by: * 10 points
a. slow but accurate
b. fast but not accurate.
c. slow and inaccurate.
d. fast and accurate.
Answers
Fiscal policy is the method by which the government adjusts its spending levels and tax rates to keep the economy stable.
Governments around the world carry out fiscal policy with varying degrees of speed and accuracy. However, in general, governments tend to move relatively slowly in implementing fiscal policy, and accuracy is not always guaranteed.
Fiscal policy is a complex process that involves balancing the government's spending and taxation levels to achieve the desired economic outcomes. When the economy is in a recession or depression, for example, the government may increase its spending and reduce taxes to stimulate demand and encourage investment.
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What two things do many employers use to judge an employee's performance?
Answers
24. When documenting animal data, what is typically not included in the record?
pedigree
breeding plan
weight
estimated lifespan
Answers
GIVE ME THE IDEAS FROM THIS CASE AND WHAT WE HAVE LOOKED AT IN THE PICTURE!!
Answers
Answer:
Tobago is effect Corona various
Is very harmful
I only have few ideas
I hope you like it
Which was the first company ever to get a capitalization of $1 trillion?
Answers
On August 2, 2018, Apple became the first publicly traded U.S. company to reach a $1 trillion market capitalization.
On August 2, 2018, Apple became the first publicly traded U.S. business to reach a $1 trillion market capitalization. On August 19, 2020, just over two years later, it reached a $2 trillion valuation. Peers of Apple aren't far behind. Microsoft is at over $2.5 trillion, and Amazon is worth roughly $1.75 trillion. In 2021, Apple stock increased 34%.
In January 2022, Apple's market capitalization reached $3 trillion. The landmark, which is largely symbolic, shows that investors have recognised Apple's achievements over the past few years, during which time the company has announced numerous record-breaking quarters of significant growth across all of its product lines.
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Mainstreet is engaged in a large project that proposes to redevelop an area that will impact two separate neighborhoods, neighboring retail businesses, and restaurants. It will also affect the traffic flow of two busy streets. Mainstreet estimates there are at least 30 key stakeholders that may influence this project. How many communication channels will Mainstreet have to manage? 15 435 1,030 90
Answers
The correct option is B. Mainstreet will have to manage 435 communication channels with the 30 key stakeholders involved in the project.
calculate the number of communication channels as n(n-1)/2, where n is the number of stakeholders.
Plugging in n = 30, we get:
30(30-1)/2 = 435
Stakeholders in humanities refer to individuals or groups who have a vested interest or concern in the study, practice, or application of the humanities. The humanities are academic disciplines that study human culture, history, language, and philosophy, among other areas.
Stakeholders in humanities include scholars, researchers, educators, students, cultural institutions, government agencies, nonprofit organizations, and the general public. Each of these stakeholders has a unique role and perspective in advancing the humanities, whether it's through research, teaching, preservation, or dissemination of knowledge. For example, scholars and researchers in humanities are stakeholders who contribute to the development of new theories and knowledge in their respective fields, while educators and students are stakeholders who benefit from this knowledge and apply it in their teaching and learning.
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If you are the buyer and your closing costs are 4% of the loan amount, how much will you pay if the loan amount is $200,000?
Answers
Answer:
$8,000
Explanation:
Closing costs are fees levied on mortgage takers. They are paid at the closing stages of a mortgage to cover the costs of transferring the title to the buyer and other expenses.
If the mortgage is $200,000 and closing costs at 4%, the actual amount to be paid as the closing cost will be,
= 4% of $200,000
=4/100 x $200,000
=0/04 x $200,000
=$8,000
hich pricing strategy involves setting a high price for an exclusive, high-end product?
Answers
Define and compute opportunity cost
Answers
Answer:
opopportunity cost is the value of the next best alternative or option. this value may not be measure on money
value can also be satisfaction. one formula to calculate opportunity cost could be the ratio of what you are sacrificing to what you are going
How do I find the first four terms?
Answers
Answer: 300, 350, 400, 450
Explanation:
a1 = first term = 300
d = common difference = 50
2nd term = a+d
= 300 + 50
= 350
3rd term = a + 2d
= 300 + 2(50)
= 300 + 100
= 400
4th term = a + 3d
= 300 + 3(50)
= 300 + 150
= 450
Therefore, the first four terms are 300, 350, 400, and 450.
anyone like jschlatt here
Answers
Answer: yes.
Explanation:
cause he's amazing, he's jschlatt, and he's awesome
thank you for coming to my TedTalk :)
The coordinate of the vertice of a polygon are the point 1 comma 2, the point 1 comma negative 1, the point negative 6 comma negative 1, and the point negative 6 comma 2.
What i the perimeter of the polygon?
Answers
The line that connects the first two is split in the ratio l:k, and the line that runs from the division point to the opposing angular point is divided in the ratio m:k+l.
What is the coordinate of vertices?The coordinates with one point in the coordinate system are included in an ordered pair. An set of points of the form of a point's name is (x, y). Its first integer stands for the x-coordinate, and the next for the y-coordinate.
The coordinates of a position are a set of integers that exactly identify its location on a the double plane. The coordinates of a given point indicate where on each axis it is located.
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Maya is concerned about her credit problems and is worried
about the debt she's accumulated throughout college. Which
of the following strategies is the most advisable for Maya?
automatically apply for bankruptcy
immediately consolidate her loans
look for a reputable credit counselor
Answers
Answer:
C!
Explanation:
Debts are often referred to as money owed by individuals and they have no way to pay for it. The
best strategy that is the most advisable for Maya is to look for a reputable credit counselor
A credit counselor often tells an individual the right steps to take concerning any credit be it debt or any other things.If you can't make a payment or meet the options given, it is better to discuss payment options, contact your lenders to explain your situation or a credit counselor.
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Which career field is likely to experience increased job openings and security over the
next few years? (10 points)
O Retail
O Nursing
O Government
O Manufacturing
Answers
Answer: government
Explanation:
Government is the career field is likely to experience increased job openings and security over the next few years. Hence, option C is correct.
What is Government is the career?Public Sector Employment is "a particular government responsibility or action. A "government job" is widely defined for recruitment purposes as any position in any department or entity that works for the government. Consequently, a position carrying out government business is a government employment ".
Among the job options in the U.S. government are political jobs working for the executive, judicial, and legislative branches of the federal government.
Government employees are employed by the military, the post office, federal law enforcement organizations, and other governmental agencies and departments.
Thus, option C is correct.
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