Answer:
$17,820,000
Explanation:
The amount of tax due to government authorities for the current period is referred to as current portion of income tax expense. It is calculated by product of current or enacted tax rate and taxable income for the period
Taxable income for 2021 = $66million
Enacted or current tax rate for 2021 = 27%
Current portion of income tax expense for 2021 = Taxable income x current tax rate = $66 million x 27% = $17,820,000million
Hence Current portion of income tax expense = $18 million
If Aneko typically purchases radio and television commercial time slots for local customers. These commercials are examples of <u>measured </u>media.
<h3>What is Measured Media?</h3>
Measured media is a media that comprises of the following:
- Newspaper
- Publishing
- Radio broadcast
- Television broadcast
Measured media is important as it enables business owners to know the best media platform to choose when it comes to advertising their product.
Therefore these commercials are examples of <u>measured </u>media.
Leatn more about measured media here:brainly.com/question/24018854
Answer:
A. Year 2 $31,500
Year 2 $31,500
B. Year 1 = 63,000
Book Value of Tractor $252,000
Year 2 $ 50,400
Book Value of Tractor $201,600
Explanation:
a. Calculation to Determine the depreciation for each of the first two years by the straight-line method
Year 1 = $315,000 / 10
Year 1 = $31,500
Year 2 = $315,000 / 10
Year 2= $31,500
B) Calculation to determine the depreciation for each of the first two years by the double-declining-balance method
Based on the information given we are first going to calculate the percentage of depreciation using straight line method and then double it
Percentage = $ 315,000 *10%
Percentage=$31,500
Now let depreciation the book value each year by 20% Using the double-declining-balance method method
Year 1=20% of $ 315,000
Year 1= 63,000
Book Value=$315,000 - $63,000
Book Value= $ 252,000
Year 2= 20% of 252,000
Year 2 = $ 50,400
Book Value=$ 252,000 -$50,400
Book Value= $201,600
Company debt normally takes the form.of global bonds which can be traced anywhere.
<h3>What is global bonds?</h3>
Global bonds is also called Eurobond and it is a form of bond that is granted or isdued and traded using a country currency in a country where the currency of the bond is denominated. Global bonds can have a fixed or floating rate with maturities which can be between one to 30years. This kind of bond normally take place outside a country's dormain.
Therefore, Company debt normally takes the form.of global bonds which can be traced anywhere.
Learn more about global bonds from the link below.
brainly.com/question/25596583
