Answer:
$11,250
Explanation:
Deferred tax asset = Warranty expense in excess of deductible amount * Tax rate
Deferred tax asset = $25,000 * 25%
Deferred tax asset = $6,250
Deferred Tax liability = Depreciation in excess of financial statement amount * Tax rate
Deferred Tax liability = $70,000 * 25%
Deferred Tax liability = $17,500
Non-Current deferred tax liability = $17,500 - $6,250 = $11,250
Hence, Fieval should report $11,250 as the deferred income taxes in its 2021 balance sheet
Answer: Option a
Explanation: Payback period in capital budgeting comes from a time needed to recover or exceed the break-even point of the funds spent on a project. Moreover, the payback period does not take into account the time value of money.
It is based on the number of years it would take for the funds spent to be recovered. Thus, payback period only evaluates a project on the basis of time period it takes to recover back the investment this results in ignorance of cash flows, which might be huge in amount, that results after the pay back period.
Answer:
$90,400
Explanation:
Mondale Winery depreciates it's equipment by making use of the group method.
The cost of equipment that was purchased in 2021 totaled $565,000
The residual value of the equipment was $54,000
The group depreciation rate is 16%
= 16/100
= 0.16
Therefore, the annual depreciation can be calculated as follows
Annual depreciation= Cost of equipment × Group depreciation rate
= $565,000×0.16
= $90,400
Hence the annual depreciation for the group is $90,400
Answer:
<em><u>Self-efficacy.</u></em>
Explanation:
Self-efficacy at work is a personality trait that impacts the attitude employees will take when performing challenges and tasks in an organization.
When the level of self-efficacy is high, employees are self-motivated to commit more and more deeply to their work, setting goals and objectives to achieve complex tasks, which are seen as results of personal effort and overcoming.
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