Answer: $615,810
Explanation:
The Book Value of the Asset at the end of 4 years will be;
= Cost of equipment - Accumulated Depreciation
= 3,250,000 - ( 3,250,000 * ( 20% + 32% + 19.20% + 11.52%))
= 3,250,000 - 2,688,400
= $561,600
The Equipment will be sold at $645,000 meaning a gain is made
= 645,000 - 561,600
= $83,400
Tax to be paid is;
= 83,400 * 0.35
= $29,190
After-tax salvage value of the equipment = Sales Price - Tax
= 645,000 - 29,190
= $615,810
The answer is B.$7.47.
Let's first calculate how much in total 75 shirts cost:
- first 19 (less than 20) cost $10: 19 * $10 = $190
- the next 30 cost $8: 30 * $8 = $240
- the rest (26 = 75 - 19 - 30) cost $5: 26 * $5 = $130
So, in total 75 shirts cost $560:
19 * $10 + 30 * $8 + 21 * $5 = $190 + $240 + $130 = $560
Since 75 shirts are ordered, there must be 75 employees, so each employee must pay $7.47:
$565 ÷ 75 = $7.47
Property taxes are usually the largest source of revenue for local governments.
Property taxes account for a large portion of revenue, typically 35%. Depending on the state or territory, natrual resources could also account for a big portion of income for local governments.
Lots of states have an overabundance of natrual resources, which is used to their advantage to collect more profit. But the majority of states don't have an overabundance of a single resource, which is why property taxes are usually the largest source of revenue for local governments.
Answer:
The answer to this question is, it depends on the motive for the dissolution.
Explanation:
Partnerships can be very rewarding. Yet they are the most unstable of all the legal personalities which can be created for the purpose of for-profit operations or not-for-profit operations.
The dissolution of a partnership can happen for any of the following reasons:
- Bankruptcy
- Change in business practices
- Death
- Partner negligence
- Poor cash flow and
- Retirement
If a person maliciously deploys any of the scenarios as an excuse to dissolve the partnership, then it becomes unethical. This, of course is difficult to prove. A very unethical case would be to dissolve a partnership a partnership, make away with business secrets to start another. If this is discovered and can be proven, the aggrieved party may seek redress in the law court.
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