Answer: $400,000
Explanation:
When calculating the amortization of a patent, we either use the legal life or the useful life depending on which is shorter which in this case is the useful life.
Annual Amortization;
= (Cost - Salvage value) / 5 years
= (8,000,000 - 0) / 5
= $1,600,000
Patent was purchased October 1. October to December is 3 months.
Depreciation for the year is therefore;
= 1,600,000 * 3/12
= $400,000
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Answer:
there is capital recovery of share by $1
Explanation:
given data
share = 100
pays = $40 per share
market price = $60 per share
dividend = $4 per share
taxable = $3 per share
nontaxable dividend = $1 per share
to find out
tax effects of these events
solution
we know that Reported as gross income and does not effect basis of stock i.e $3
and basis of the stock is reduces by non taxable dividend that is also excluded from the gross income that is
gross income = $1 × 100 share
gross income = $100
so that
finally the adjusted basis in stock is $40 - $1
adjusted basis in stock is $39
so that It is reduced because
there is capital recovery of share by $1
Answer:
Price increase is about 4.2%
Explanation:
Price Elasticity of Supply (PES) is a measure of the responsiveness of the quantity of a particular good/service supplied to a change in price.
The price elasticity of supply is mathematically the ratio of the percentage change in quantity supplied to the percentage change in price.
Answer:
A state of Equity is present when there is a fair condition and just inclusion into a society.
Equity exists when those who have been most neglected have equal access to opportunities, power, participation and resources available. They also have good sources to safe, healthy, productive and fulfilled lives.
