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butalik [34]
3 years ago
15

Firm W and Firm X both have goodwill and going-concern value worth approximately $1 million. However, only Firm X reports an amo

rtization deduction with respect to its goodwill and going-concern value on its tax return. Can you explain this difference in tax treatment between the two firms
Mathematics
1 answer:
Ganezh [65]3 years ago
8 0

Answer:

Step-by-step explanation:

Firm W owns the business , both goodwill and going concern value are owned by it. So it has no tax liabilities and chooses not to report in its business tax return.

Firm X may have been acquired, it must amortize both goodwill and going concern for 15 years and that is why reported it on its tax return as deduction.

*Intangible assets that may not be listed on balance sheet during acquisition, must be amortized for 15 years.

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To receive a driver license, sixteen year-olds at Culliver High School have to pass both a written and a practical driving test.
Lesechka [4]

Answer:

Both statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient.

Step-by-step explanation:

Consider the provided information.

Sixteen year-olds at Culliver High School have to pass both a written and a practical driving test.

Everyone has to take the tests, and no one failed both tests.

30% of the 16 year-olds who passed the written test did not pass the practical,

Statement 1: There are 188 sixteen year-olds at Culliver High School.

That means 30% of 188 passed in written test.

Or 70% of 188 sixteen year old passed in one or both test.

But we need to find the number of sixteen year-olds at Culliver High School received their driver license?

Which is not possible,

Thus, the statement is insufficient.

Statement 2: 20% of the sixteen year-olds who passed the practical test failed the written test.

That means 20% passed in practical test only and we know that 30% of  sixteen year-olds passed in written test.

Therefore, 50% of total passed in both.

But this tells us the percentage of student passed in both and we wants a definite number,

Thus, the statement is not sufficient alone.

Therefore, Both statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient.

6 0
4 years ago
Hi can you help me guys please
aliina [53]

The height of the cylinder will be 5 units based on the information given.

<h3>How to calculate the height?</h3>

The cylinder has a volume of 45π cubic meters and the radius is 3 units.

The height will be calculated thus:

Volume of a cylinder = πr²h

45π = πr²h

45π = π(3²)h

45π = 9πh

h = 45π/9π

h = 5

Therefore, the height of the cylinder will be 5. units.

Learn more about volume on:

brainly.com/question/12410983

#SPJ1

7 0
2 years ago
Find an equation for the line which is parallel to y= 1/4x + 5/3 and passes through the point (5,6)
amm1812

the answer is:

y=1/4x+19/4

6 0
3 years ago
Which point shows a reflection of point Y(-5, -7) over the y-axis?
Nikolay [14]

Answer:

(5, -7)

Step-by-step explanation:

A reflection across the y axis changes the sign of the x coordinate but nothing else.

7 0
2 years ago
Read 2 more answers
For trapezoid JKLM, A and B are midpoints of the legs. Find AB.
romanna [79]

Answer:

29

Step-by-step explanation:

The length of the median of a trapezoid equals one-half the sum of the lengths of the bases.

\begin{array}{rcl}AB & = & \frac{1}{2}(JK + LM)\\\\& = & \frac{1}{2}(19 + 39)\\\\& = & \frac{1}{2}\times 58\\\\& = & \mathbf{29}\\\end{array}

8 0
3 years ago
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