1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ksju [112]
1 year ago
8

a large, family-owned dairy farm operating in the western part of virgina is preparing its annual tax return, and the cfo's obje

ctive to pay as little tax as possible while not violating tax laws. how would you expect the cfo to calculate depreciation expense
Business
2 answers:
Schach [20]1 year ago
7 0

Annual tax return is a document which states the income and expenses of a certain firm or individual and it is given to the tax department for further checking.

Depreciation expenses is the decrease in the cost of an asset that has appeared over a period of time because of its use. Any expense that is related to a certain asset is included to calculate the depreciation expense.

Depreciation expense: Cost of the asset - residual value/ total units expected to be produced * actual units produced

To learn more about depreciation expense, click here:

brainly.com/question/15024945?referrer=searchResults

#SPJ4



makkiz [27]1 year ago
3 0

It would be suitable to compute the depreciation using the "Double declining balance" depreciation technique to achieve the CFO's goal of paying the least amount of tax while compiling the company's annual tax return.

Depreciation expenses are the decrease in the cost of an asset that has appeared over a period of time because of its use. Any expense that is related to a certain asset is included to calculate the depreciation expense.

When using the Double Declining Method, the depreciation is calculated at a rate that is double that of the Straight Line Method, which results in the highest Depreciation Expense. The highest allowed depreciation expense will lead to a smaller net income and, thus, a lower tax burden.

To learn more about the double declining method

brainly.com/question/28321335

#SPJ4

You might be interested in
Where are did spain settle in
Natasha2012 [34]
Christopher Columbus discovered the Jew World, but did not know that it was an unknown world. Because of his voyages, Spain was ablemto settle in present-day Florida and Mexico. Spain also settled down in most of Latin America. Also, Spain settled in half of South America. Although, now al of the places they settled in have revolted and gained independence from Spain, or were sold to other countries and later got their independence.
6 0
3 years ago
Suppose that the market for haircuts in a community is perfectly competitive and that the market is initially in long-run equili
zloy xaker [14]

Answer:

C) earning an economic profit.

Explanation:

Since the market is in long run equilibrium, the demand = the supply of haircuts, and an increase in the quantity demanded will increase the equilibrium price in the short run, generating economic profits at least until more suppliers enter the market and long run equilibrium is established again. Economic profit doesn't exist when the market is at long run equilibrium.

*Economic profit = accounting profit - implicit costs. So economic profit being $0 in the long run doesn't mean the businesses are not making an accounting profit.

5 0
2 years ago
Define technology for class 7
Dafna1 [17]

Answer:

<h2><u>Required</u><u> Answer</u><u> </u><u>:</u><u>-</u></h2>

Technology - Technology is defined as the information about some thing. We may also use these technologies in our business

Ex :- Internet is a technology.

\\

8 0
2 years ago
What are the tips for the car that would also apply to the human body?
IRINA_888 [86]
You can wash the car and you can also wash yourself
3 0
3 years ago
Holdup Bank has an issue of preferred stock with a stated dividend of $4.25 that just sold for $93 per share. What is the bank’s
Aleks04 [339]

Answer:

cost of preferred stock will be equal to 4.56 %

Explanation:

We have given dividend on the preferred stock = $4.25

As the stock is sold for $93 per share so current price = $93

We have to find the preferred stock

We know that preferred stock is given by

Preferred stock =\frac{dividend}{current\ price}=\frac{4.25}{93}=0.0456 = 4.56 %

So cost of preferred stock will be equal to 4.56 %

6 0
2 years ago
Other questions:
  • My answer b am I right
    7·1 answer
  • Stressors and negative emotions are both
    15·1 answer
  • Which of the following are the ways that a company can finance the purchase of assets? (You may select more than one answer. Sin
    5·1 answer
  • Mr. Smith, a cash-basis, calendar-year taxpayer, owns a duplex. He lives in one unit and rents the other unit to an unrelated in
    7·1 answer
  • Carter Industries has two divisions: the West Division and the East Division. Information relating to the divisions for the year
    15·1 answer
  • Banks offer higher interest rates on eurocurrency deposits than on deposits made in the home currency because eurocurrency depos
    14·1 answer
  • Which of the following scenarios describe an object being acted on by a non-conservative force?a. A puck hovers and glides acros
    7·2 answers
  • In which of the following games is it clearly the case that the cooperative outcome of the game is good for the two players and
    8·1 answer
  • If a firm has a sales price per unit of $6.00, a variable cost per unit of $4.00, and a break-even point of 40,000 units, fixed
    11·1 answer
  • he auditors have some uncertainties, but these uncertainties are not so material that they cannot form an opinion on the fairnes
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!