Answer: $25,000
Explanation:
Given Data:
Gross income from coal = $250,000
Income from trucking coal = $20,000
Royalty paid to Donny = $30,000
Taxable income on call excluding depletion = $40,000
Coal depletion rate = 10%
Lease agreement = $4/ton
Therefore:
brian's percentage depletion deduction for the current year is
= gross income x coal depletion rate
= $250,000 x 0.1
=$25,000
Answer:
The reconciled balance is 7,294.14
Explanation:
bank statement 3,881.14
deposit in transit 9,555.88
oustanding check<u> (6,142.88) </u>
bank statment 7.294,14
From the bank accout we deduct the outstanding check and increase by the deposit in transit.
accounting 922.55
interst 77
service charge (38.22)
note collected 6,815.00
check <u> (482. 19) </u>
accounting 7.294,14
From the accounting we adjust for the transaciton which aren't know by the company:
the interest and service charge, the note colected and we also adjsut for mistake like the check not deducted.
in both we must reach the same final answer.
Each van carried 11 students and each bus carried 45 students
Answer:
The agency collected $ 622.5.
Explanation:
Since HRH Collection Agency keeps a collection fee of 25% of any amounts collected, to determine how much did the agency collect on a bad debt if the agency forwarded $ 2490 to a client, the following calculation must be performed:
2490 x 0.25 = X
622.5 = X
Therefore, the agency collected $ 622.5.
Answer: $500 billion
Explanation:
The country's savings will be explained below:
Savings = Domestic Investment + Net Capital Outflow
where, the net capital outflow will be:
= exports - imports
= $100 billion - $400 billion
= $-300 billion
Therefore, the country's savings will be:
= Domestic Investment + Net capital Outflow
= 800 + (-300)
= 800 - 300
= $500 billion
