Answer:
A) $8,125
Explanation:
Note Slotkin Products uses the double-declining balance method. Under the double-declining balance method depreciation expense is calculated as :
Annual depreciation expense = 2 x SLDP x BVSLDP
where,
SLDP = 100 ÷ Useful life
= 12.5 %
and
BVSLDP = Cost in first year or Book Value for other succeeding years =
therefore,
Annual Depreciation expense = 2 x 12.50 % x $65,000 = $16,250
thus,
Partial depreciation from July 1, 2017 to Dec 31, 2017 - 6 months will be :
Depreciation expense = $16,250 x 6/12 = $8,125
Conclusion :
Depreciation for 2017 is $8,125
Answer:
B - $13,556.82
Explanation:
Amount to be invested is equal to the present value of future inflows
Present value = future value/(1+Interest rate)^Number of years
The actual amount at the end of the first year should be $3000 if there is an answer in the options
The amount at the end of the second year is $4000
The amount at the end of the third, fourth and fifth year is $5000
Hence, amount to be invested = 3000/(1.17) + 4000/(1.17)^2 + 5000/(1.17)^3 + 5000/(1.17)^4 + 5000/(1.17)^5
= $13,556.82
Hence, the answer is $13,556.82
Answer: (c) A limited amount of compensatory and punitive damage
Explanation:The civil rights act as enacted in 1964 gave the courts the authority to offer a limited amount of compensation and punitive damage to violations that has to do with malice or reclex indifference by emloyers of labor. The civil Rights act was signed into law by president Lyndon Johnson on July 2,1964.
The civil Rights movement caused as a result of the discrimination of an African-American woman in Montgomery,Alabama. Who refused to go to the back sit of a bus because is a black.
D) the company’s raw materials
The reason being is that it’s the only option where it has more unique potential cause the other ones anyone could get
Answer:
$1,260,000 Asset
Explanation:
The amount that Kerry Corp should report is as follows:
Amount to be reported = $3,600,000 * 35% = $1,260,000 asset.
Deferred tax arises because of temporary differences which results in future deductible amount. Future deductible amount leads to reduce taxable income and will provide future economic benefits of the company.
