Answer:
D) $600,000
Explanation:
The double-declining-balance method of depreciation = Depreciation factor x cost of asset
Depreciation factor = 2 x (1/useful life of the asset)
Depreciation factor = 2 / 5 = 0.4
Deprecation expense = 0.4 x $1,500,000 = $600,000
I hope my answer helps you
Answer:
$800
Explanation:
The computation of the tax saving from using LIFO is shown below:
= Cost of goods sold under LIFO × tax rate - Cost of goods sold under FIFO × tax rate
= $10,000 × 40% - $8,000 × 40%
= $4,000 - $3,200
= $800
By applying the above formula, the tax saving resulted from using the LIFO is $800 and the same is to be considered
Answer:
Final Good
Products that are bought by individuals or households for personal use.
<span>account number
social security number</span>
Answer:
The state of New York should offer bonds at 4.76% to make indifference to purchase their bonds than Surething Inc.
Explanation:
the corporation has to pay income taxes while the State of New York do not pay for income taxes thus his yield is after-tax.
Surething Inc after tax rate:
pre-tax x (1 - tax-rate) =6.8% x ( 1 - 30%) = 0.068 x (1-0.30) = 0.0476 = 4.76%
Currently the corporation bond yield a higher rate than the State of New york (4.76% against 4.10%)
