The credit balance in the accumulated depreciation account represent: <span> the amount of depreciation taken in past years
In accounting, we must reduce the value every year we held an asset in order to show the true amount of the total asset values. This occurence is called a depreciation. If the amount of depreciation is add-up for several years, this account is called accumulated depreciation
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Answer:
b. The policy made decisions for other departments in the company.
Explanation:
John Smith made the policy alone without involving the other managers. When the policy was implemented, it had to work with other departments to ensure success.
As there are 3 managers and 3 departments at BSG Labs, John Smith should have formulated the new policy with the other managers, so that issues such as scheduling and coordination between bthe various departments will run smoothly.
<span>the answer for this question is 10.50%</span>
Answer:
9,315
Explanation:
The 83(b) election of the IRC which allows the employe of restricted stock to pay taxes on the fair market value at the time were granted.
It applies when the stocks are subject to vesting
The 83(b) election becomes useful when the employee has confidence that market value will increase and thus, saving taxes in the future.
If the market price decrease over the years or the company files for bankrupcy, the taxpersons will have pay income taxes for a worthless amount.
Also, if he leaves the company before esting the shares, it would had pay taxes for shares it won't receive.
So, resuming: under election 83(b) we use granted time value
1,035 x 9 = 9,315
Over 300 since a lot of people tend to use more than one
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