Answer:
The aftertax salvage value of the equipment is $302,964
Explanation:
In order to calculate the aftertax salvage value of the equipment, first we would need to calculate the Book value of the equipment after 4 years as follows:
Book value of the equipment after 4 years = Purchase price *(1-depreciation rate each year)
= $2,000,000*(1-0.2-0.32-0.192-0.1152)
=$345,600
Loss on sale = $281,000-345,600
= 64600
Tax benefit on loss = $64,600*34% = $21,964
Therefore, After tax salvage value = selling price + tax benefit
= $281,000 + $21,964
=$302,964
The aftertax salvage value of the equipment is $302,964
Answer: $342,000
Explanation:
Cost of goods manufactured = Beginning work in process inventory + Direct materials used + Direct labor + Manufacturing overhead - Ending work in process inventory
Direct materials used = Beginning raw materials inventory + purchases of raw materials - ending raw material inventory
= 14,000 + 68,000 - 16,000
= $66,000
Cost of Goods manufactured:
= 21,000 + 66,000 + 119,000 + 155,000 - 19,000
= $342,000
Answer:
The correct answer is Quitclaim deed.
Explanation:
A quitclaim deed is an executable document legally used to transfer property rights without having to provide any guarantee for the beneficiary or any that the assignor still owns the property. Basically, the transferor of a deed of resignation says: "I transfer my property rights, if I have any, to the beneficiary." With the minimal assistance of a lawyer, executing a waiver deed to transfer property rights can be simple and brief.
Networking is a socioeconomic business activity by which business people and entrepreneurs meet to form business relationships and to recognize, create, or act upon business opportunities, share information and seek potential partners for ventures.
