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Ronch [10]
1 year ago
6

The Modified Accelerated Cost Recovery System (MACRS) is a depreciation method which expenses an asset over a single year becaus

e capital acquisitions must be expensed in the year purchased. is required by the SEC. is used for tax purposes. must be used for financial statement purposes.
Business
1 answer:
ollegr [7]1 year ago
5 0

The Modified Accelerated Cost Recovery System (MACRS) is used for tax purposes.

<h3>What is depreciation?</h3>

Depreciation refers to the devaluation in the value of the tangible assets after a particular period of time. When the depreciation value of the assets becomes zero or negative. It becomes outdated or obsolete.

Modified Accelerated Cost Recovery System is the system introduced by the United States which is the tax depreciation system used to estimate the value of the assets depreciated.

Initially, it was introduced to attract the investors to invest in the depreciating assets. the benefit of this system is that it gets higher tax exemptions.

Learn more about devaluation here:

brainly.com/question/1457256

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There are a few people in line waiting to be served. you are taking care of one customer and she insists you gave her the incorr
Leto [7]
You enforce the rules, state you did correctly count the amount of money, no exceptions.
5 0
3 years ago
If one-year nominal interest rate in the U.S. is 3%, while the one-year nominal interest rate in Australia is 5%. The spot rate
Mariana [72]

Answer:

to get 5,00,000 australian dollar at the forward rate we are goign to need 4,704,000 US dollars

Explanation:

spot x (1 + (US rate - Australia rate) x time)

0.96 x (1+(0.03-0.05)x1 year) =

0.96 x 0.98 = 0.9408 forward exchange rate

$5,000,000 Australian Dollar * 0.9408 = 4,704,000 US dollars

3 0
3 years ago
Terapin Company engages in the following external transactions for November. 1. Purchase equipment in exchange for cash of $23,4
uysha [10]

Answer:

Journal Entries

Journal 1 :

Equipment $23,400 (debit)

Cash $23,400 (credit)

Being Purchase of Equipment

Journal 2 :

Cash  $6,800 (debit)

Service Revenue  $6,800 (credit)

Being Service rendered for Cash

Journal 3 :

Salaries Expense $2,100  (debit)

Cash $2,100 (credit)

Being Salaries expense paid

Explanation:

Narrations have been provided to explain the transaction. Remember to use the account titles provided in accounting for the transactions.

8 0
3 years ago
Suppose an economy has 10,000 people who are not working but looking and available for work and 90,000 people who are working. W
Daniel [21]
<h3>In the given scenario unemployment rate is 10% </h3>

Explanation:

In the given problem,

Number of People who are working is 90,000

Number of People who are not working but looking and available is 10,000

Unemployment rate = Percentage of the total labor force that is unemployed but actively looking for employment and ready to  work.  

Unemployment rate = ((Unemployed people * 100) / (Total people in an economy (Working + Available for work)))

Unemployment rate = ((10000 * 100) / (90000+10000))

Unemployment rate = (1000000 / 100000)

Hence, Unemployment rate = 10%

5 0
3 years ago
Read 2 more answers
What does a balanced lifestyle look like? choose a job you would like to have and describe how you could keep your life balanced
Stels [109]

Balance life is the ability to manage one's life effectively, given attention to all that is needed.

<h3>What is balance lifestyle?</h3>

Balanced lifestyle occurs when an individual is able to manage all aspect of life without affecting each other.

The individual is able to work effectively and still have a good time with his or her family.

An individual with a personal business can have a flexible schedule to accommodate all that matters to his lifestyle.

Therefore, Balance life is the ability to manage one's life effectively, given attention to all that is needed.

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8 0
2 years ago
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