Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
<span>What is the primary purpose of a cash discount? Pay promptly incentive to purchase a specialty item. </span>There are different stores that offer discounts if you pay with cash instead of a card because they don't lose the fee when a card is swiped. They also receive the money instantly so because the customer is essentially helping them, that is their way of helping out as well. <span>
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Answer:
c. $7,500 ordinary gain
Explanation:
Depreciated value of Machine = $55,000 - $12,500
= $ 42,500
Sale price of Machine = $ 50,000
Gain on sale of Asset = $ 50,000 - $ 42,500
= $ 7,500
Therefore, The amount and character of Butte's gain or loss is $7,500 ordinary gain.
Answer:
True
Explanation:
Base on the scenario been described in the question which, Darren was eligible to assist to a traditional of 401,000 in 2019, but we were told he forgot and later he paid in 15, June 2020, he is look as though he paid in 2019 because and it is true.
The reason why the answer is true is that Darren is that the time he paid the money in July 15, 2020, it was still within the time he allowed to still pay for the year 2019, that's why he considered as though he paid in 2019.
