Answer:
The correct answer is Limited Liability Partnerships.
Explanation:
A Limited Liability Company is a type of mercantile company, in which the liability is limited to the capital contributed, and therefore, in the event that debts are incurred, it does not respond with the personal assets of the partners, but to the one contributed in said Limited company. It presents as a capitalist-type society in which capital, which will be divided into social interests, will be integrated by the contributions of all partners, who will not respond personally to social debts.
Social ACTIONS are not equivalent to the actions of corporations, as there are legal obstacles to their transmission. In addition, they do not have a "value" character and cannot be represented by means of securities or account entries, and their transmission by means of the public document that will be registered in the partner register book is mandatory. It will be constituted in a public deed and subsequently in the registration of the commercial register, at which time it acquires legal personality.
Answer:
B
Explanation:
Original Cost -$120,000
Useful life -10 years
Residual Value - $20000
Annual depreciation - $(120,000-20000)/10 = $10,000
Accumulated depreciation for 4 years = 10*4= $40000
Book value at disposal = $120,000-$40000= $80000
Sales value = $35,000
Loss on disposal = $80,000-$35000= $45,000
Answer:
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Explanation:
Answer:
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Explanation:
Hope this helps :)
Answer:
Regressive, proportional, progressive
Explanation:
There are three main tax categories: regressive, proportional, and progressive.
Regressive Tax
Regressive taxes are type f tax accessed as a percentage of the value of an asset purchased or possessed. Under this system, low-income earners tend to pay a higher amount compared to high income earners because it has no correlation with what the taxpayer earns or their income level.
Proportional Tax
In a proportional tax system, everyone irrespective of their income pay the same rate. This tax system affects everyone equally.
Progressive Tax
A progressive tax has it name implies is progressive in nature.The tax rate increases as the income level of the tax payer increases. Therefore high-income earning individuals pay more than low-income earning individuals