Answer:
D) None of the above is true.
Explanation:
Mark cannot deduct the gift give to his brother. Gift deduction are only allowed to charitable contribution on qualified organization.
In fact, a gift to high could provoke Mark to be subject to gift taxes.
As this is a gift Rick will not report this as income.
Knowledge, skills, automation and techniques are<u> "Resources in ORM".</u>
The term operational risk management (ORM) is characterized as a persistent cyclic process which incorporates chance appraisal, chance basic leadership, and usage of hazard controls, which results in acknowledgment, relief, or evasion of hazard. ORM is the oversight of operational hazard, including the danger of misfortune coming about because of deficient or fizzled inner procedures and frameworks; human components; or outside occasions.
Answer:
Computer equipment:
year 1: (using 20% depreciation rate)
20% × 6000 = 1200 × (9÷12) = 900
Year 2: 1200
Dog grooming furniture:
year 1: 20% × 7000 = 1400 × (7÷12) = 817
Year 2: 7000
Pickup truck:
year 1: 20% × 10000 = 2000 × (3÷12) = 500
Year 2: 2000
Commercial building:
year 1: 20% × 280000 = 56000 × (2÷12) = 9333
Year 2: 56000
Land (one acre):
Land is not dereciated because it has infinite life.
Answer:
$816
Explanation:
Calculation for Dunbar Incorporated Ending inventory
Formula for Ending inventory units using FIFO method:
Ending inventory units = Beginning balance + Purchase -sales
Leg plug in the formula
490+410 - 600
= 300units
Calculation for Ending inventory
Ending inventory = 300*2.72
= $816
Therefore the Ending inventory assuming FIFO method is use would be $816