Determining Depreciation Recapture.
Sale Value = $99,000
Less: Adjusted basis(book value) = ($75,000)
Depreciation recapture = $24,000
So Depreciation recapture = $24,000
The marginal tax rate is the amount of additional tax paid for each additional dollar earned in income. The average tax rate is the total tax paid divided by total income. A marginal tax rate of 10% means that 10 cents from the next dollar you earn will be tax deductible.
In taxation, a tax rate is a rate at which a company or individual is taxed. There are several ways to express tax rates, including statutory, average, marginal, and effective. These tax rates can also be presented using different definitions (inclusive and exclusive) that apply to the tax base.
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Answer: Supplier selection process
Explanation: The process of selecting a supplier for the procurement of raw material for producing output is referred to as supplier selection process. In this process, the purchases analyzes deals from various alternatives of suppliers and choose the one that maximizes the purchasers profit.
Thus, from the above explanation we can conclude that the given case illustrates the supplier selection process.
The level which indicates the point of maximum economic efficiency IS THE LOWEST POINT ON AVERAGE COST CURVE.
The average cost curve is the curve that graphically represents the relationship between average cost by a company and the product produced. The point of maximum efficiency on the curve is the lowest point on the curve.
It is TRUE because when you're looking at these factors you think of flexibility and whether or not you should choose a job. If your a mom you probably wouldn't choose a job where you had to work on weekends.
The reported ending inventory was $43,112 thousand. If FIFO were used exclusively, the ending inventory would have been $6,964 thousand higher than reported, or $50,076 thousand.
Inventory refers to all the items, goods, goods, and materials that a business holds for sale in the market to make a profit. Example: If a newsagent uses a vehicle to deliver newspapers to customers, only the newspapers are considered inventory. A car is treated as an asset.
The manufacturer has three types of inventory. There are raw materials (awaiting processing), work in process (processed), and finished goods (preparing for shipment). The LIFO method assumes that the most recently purchased inventory units are sold.
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