Answer:
The correct option is B
Explanation:
As Harold is the one who is driving the car too fast and due to that the car collides with truck and the truck carrying explosives which lead to explosion. The explosion cause injuries to Ida who is working inside the building and John who was walking down the street nearby was seriously injured due to the explosion. So, due to fast driving of Harold cause proximate injury to John.
Answer:
b.) The equipment should be capitalized and depreciated according to the tax code
Explanation:
Depreciation under the Income Tax Act is a deduction allowed for the decline in the real value of a tangible or intangible asset used by a taxpayer. The Income Tax Department uses the concept of depreciation for the purpose of writing off the cost of an asset over its useful life.
Budgeting involves planning
<span>A. Cell phone case is $10. Shipping and handling is $3 and is not taxable. Tax is 5% loos like the best deall.</span>
In the given transaction Marvin Company has purchased a new building for $250,000. Marvin paid a $100,000 down payment and will pay off the remainder over seven years it means the balance (250000-100000) = 150,000 is a liability for Marvin company.
So there is an Increase in the asset by $250,000 due to purchase of the building and there is a decrease in assets by $100,000 due to the payment of cash. Hence the Net increase in the assets is (250,000-100,000) = $150,000.
And there is an increase in the liabilities by $150,000.
Hence the correct answer is:
d. $150,000 net increase in assets and $150,000 increase in liabilities