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bixtya [17]
2 years ago
15

All-Star Enterprises purchased a machine on January 1. The company uses straight-line depreciation for financial reporting and a

ccelerated depreciation for tax purposes. Depreciation for tax purposes during the year was $36,000 greater than depreciation for financial reporting. Assuming a 30% tax rate will apply in the future, how much will be recorded as a deferred tax liability during the year
Business
1 answer:
maks197457 [2]2 years ago
3 0

The amount that will be recorded as a deferred tax liability during the year is $10800.

<h3>How to calculate the tax liability?</h3>

From the information given, the depreciation for tax purposes during the year was $36,000 greater than depreciation for financial reporting and a 30% tax rate will apply in the future.

Therefore, the amount that will be recorded as a deferred tax liability during the year will be:

= 30% × $3600

= 0.3 × $36000

= $10800

Learn more about tax on:

brainly.com/question/25783927

#SPJ1

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yes,superior will be liable

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When she makes a presentation, Alice wants to see thumbnails and assess the slide sequence to make quick changes to it. Which vi
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The following information is available for Department X for the month of August: Work in process, August 1: Materials $ 8,480 Co
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a) $8.00

Explanation:

Beginning work in progress, conversion             $15,900

Conversion costs incurred during period             $26,500

Total costs to account for                                     $42,400

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Therefore, Department X's cost per equivalent unit for conversion costs using the weighted average method would be $8.00

5 0
3 years ago
Suppose 1-year T-bills currently yield 7.00% and the future inflation rate is expected to be constant at 4.70% per year. What is
mixas84 [53]

Answer:

2.30%

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Yield for 1 year T-bill = 7.00%

Future inflation rate = 4.7%

In order to find the risk-free rate of return we need to deduct future inflation rate from the yield for the year

Risk-free Rate of return = 1 year T-bill yield - inflation

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5 0
4 years ago
Edgar owns 234 shares of Cawh Consolidated Bank, which he bought for $21.38 apiece. Each share pays a yearly dividend of $3.15.
Nataliya [291]

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The stocks yields 14.73% per year

the bonds yields 7.89% per year

The stock provide a better yield, which is 6.84% greater than bonds yield

Explanation:

the return will be calculate as follow:

return/ investment cost

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return 3.15 dividends

cost 21.38 each stock

yield:

3.15 / 21.38 = 0,14733395 = 14.73%

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<em>Difference:</em>

stocks 14.73 - bonds 7.89 = 6.84

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