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Vlad1618 [11]
3 years ago
6

A resident being interviewed live by a television reporter stated that, "the biggest problem in this city is corruption in city

government, particularly the mayor." the mayor has now brought an action for defamation against the resident. at trial, the mayor has produced testimony as to his honesty and good character. as part of his defense, the defendant seeks to offer into evidence the fact that the mayor was convicted two years ago of taking a bribe to award a city contract for solid waste disposal. is the evidence admissible?
Business
1 answer:
nataly862011 [7]3 years ago
6 0

<span>The defendant seeks to offer into evidence the fact that the mayor was convicted two years ago of taking a bribe to award a city contract for solid waste disposal. Yes, this is a documentary evidence and is admissible because the mayor is already proven convicted of corruption.</span>

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B. a demand forecast.

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Net sales revenue for 2024 was and for 2025 was . what is the percentage of increase or decrease in net sales revenue for the tw
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The percentage of increase or decrease in net sales revenue  a decrease is 15.45%

Sales in 2024 = $110000

Sales in 2025 = $93000

Decrease in sales between two periods = ($110000 - $93000) = $17000

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2 years ago
A software company in China has decided to become a multinational enterprise (MNE). The company desires to completely own its su
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Acquisition

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Graham Freightway provides freight service. The company's balance sheet includes Land, Buildings, and Motor-Carrier Equipment. G
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Graham Freightway

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Debit New Motor-carrier Equipment $236,000

Debit Accumulated Depreciation $92,000

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Credit Gain on Equipment Disposal $24,000

To record the trade-in of old equipment for a new one.

July 1:

Debit Cash Account $90,000

Debit Note Receivable $590,000

Debit Accumulated Depreciation 286,750

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Credit Gain on Building Disposal $386,750

To record the sale of building.

Oct. 31:

Debit Land $204,000

Debit Building $396,000

Credit Cash Account $600,000

To record the purchase of land and building for cash.

Dec. 31:

Depreciation Expense on New Motor-carrier Equipment $34,080

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Credit Accumulated Depreciation on Building $2,225

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a) Data and Calculations:

1. Gain on Equipment of $24,000 is based on the difference between the net book value of the equipment and the trade-in cost.

2. The same is also applicable on the Building.

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Depreciation rate = $213,000/ 1 million = $0.213

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Depreciable amount = $356,000 ($396,000 - 40,000)

Useful life = 40 years

Estimated residual value = $40,000

Depreciation rate = $8,900 ($356,000/40)

For three months, depreciation expense = $8,900/12 * 3 = $2,225

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