Answer:
<em>options:</em>
- <em>Deferred tax asset</em>
- <em>Deferred tax liability</em>
<em>ANSWER : DEFERRED TAX LIABILITY</em>
Explanation:
<h3><em>
Deferred tax</em> refers to the tax liability arising due to a temporary difference between accounting depreciation and corporate tax depreciation as represented by MACRS(modified accelerated cost recovery system).</h3><h3>Deferred tax asset occurs when accounting depreciation rate is lower than MACRS. </h3><h3>Deferred tax liability occurs when accounting depreciation rate is higher than MACRS. This results in a future tax liability of $3,318.</h3>
Answer: $403 per calculator
Explanation:
Assume the selling price is x.
400 calculators.
Upgrading them would cost $150,000 but if sold in present condition would fetch $11,200.
Expression would be;
400x - 150,000 = 11,200
400x = 161,200
x = 161,200/400
x = $403 per calculator
Answer:
$20,000 premium is amortized at the end of the first year.
Explanation:
Straight line amortization:
premium amortized = Premium / number of years
= ($5,200,000 - $5,000,000) / 10 years
= $200,000 premium / 10 years
= $20,000
Therefore, $20,000 premium is amortized at the end of the first year.
College and universities use funds from direct Stafford loan to pay for school charges first. It is offered to eligible students to help finance their education and it must be repaid and are offered to both undergraduate and graduate students.