This statement is true hope this helps you
The initial outlay for the project after depreciation is loss of $26,700.
<h3>What is
depreciation?</h3>
Depreciation in accounting refers to two parts of the same concept: first, the real decline in fair value of an asset, such as the worth of factory equipment each year.
Depreciation is used to match the cost of a productive asset with a useful life of more than a year to the revenues received by employing the asset. The expense of an asset is frequently spread out throughout the years that it is used.
Section 32 of the Income Tax Act of 1961 contains the provision for authorising depreciation. Depreciation is a deduction allowed by the Income Tax Act for the reduction in the real worth of a physical or intangible asset used by a taxpayer.
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Answer:
<em>The missing figures for Worksheets are</em>;
<u>Type of Tax (Form)</u> - 941
This is used by Employers to report the taxes they withheld from Employee .
<u>Amount of Deposit</u> - $1,355.36
The Federal Deposit Liability per pay was $677,68. There was biweekly payments meaning 2 payments were made in the month so this figure must be multiplied by 2.
= 677.78 * 2
= $1,355.36
<u>Tax Period</u> - 4th Quarter (stated in question)
<u>To be deposited on or before</u> - November 15, 2019
This is because when paying monthly, the due date is always on the 15th of the following month.
Answer:Evensplitia operated SOCIALISM
Explanation:
Socialism is a political and economic system where every individual in the society controls the factors of production, it's means and distribution eg machinery, tools, factories used to produce goods to directly satisfy human wants and needs.
Here, ownership is acquired either through a democratically elected government or through a cooperative or a public corporation and everyone has shares.
Distribution decisions are made by the government or public corporation and individuals depend on the state for every basic thing. The government determines the output and pricing levels of these goods and services for the benefit of the community.
Loan account i believe
hope this helps :)
