Answer:
$144,592
Explanation:
The computation of the after tax salvage value is shown below;
We assume that after 2 years, 52% of the equipment cost would be written off so the remaining basis i.e.
= $319,000 × 48%
= $153,120
The tax loss is
= $153,120 - $140,000
= $13,120
ANd, the tax rate is 35%
So,
= $13,120 × 0.35
= $4,592
Now the after tax salvage value is
= $140,000 + $4,592
= $144,592
Answer:
<h2><u>
Credit Card Statements</u></h2><h2><u>
Tax Returns </u></h2><h2><u>
Bank Statements</u></h2>
Explanation:
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Answer:
Option (A) is correct.
Explanation:
If it contracts with a private firm, for 1st contract,
profit = [(2 × 0.25) + (1 × 0.4) - (1 × 0.35)]
= 0.55 million dollars
If it contracts with the government, or second contract
,
profit = ($4 × 0.4) - ($2.5 × 0.6)
= 0.1 million dollars
Therefore, it is clear from the above calculations that the contract with a private will offer more profit as compared to the contract with the government.
Answer:
a) Permanent source of finance
b) Spontaneous source of finance
c) Permanent source of finance
Explanation:
With transaction b), The credit is for day to day operations making it a spontaneous funding but credit usually do not take more than 90 days to pay therefore temporal can also fit in nonetheless Spontaneous is more appropriate as the credit is a spontaneous source of funding.
