Answer:
A. $54,000
B. $9,000
Explanation:
A. Computation for the depreciable cost of the equipment
Book value, 1/1/17 $58,000
($76,000 – $18,000)
Less salvage value $4,000
Depreciable cost $54,000
($58,000-$4,000)
Therefore the depreciable cost of the equipment is $54,000
B. Computation for the revised annual depreciation
Revised annual depreciation = $54,000÷6 years
Revised annual depreciation = $9,000
Therefore the revised annual depreciation is $9,000
Answer:
$7,580
Explanation:
In April of this year, Tim paid $1,160 with his state income tax return for the previous year.
Tim had $5,200 of state income tax
Tim made estimated payments of $1,220 of state tax.
Therefore:
$1,160 + $5,200 +$1,220=$7,580
Tim can deduct the state taxes paid with state income tax return for the previous year, state tax which was withheld during the year, and estimated payments of state tax, a total of $7,580 in which the expected refund next year will not affect the deductions for this year, due to the fact that it may be taxable next year under the tax benefit rule.
Answer:
$2,256
Explanation:
Given that,
Number of units sold = 150 units
Selling price = $60
Tax rate = 40%
Unit Cost/unit
2/1/18 Purchase 56 $50
3/14/18 Purchase 92 $41
5/1/18 Purchase 66 $50
Cost of goods sold:
= (66 units × $50) + [(150 units - 66 units) × $41)
= $3,300 + $3,444
= $6,744
Sales:
= Number of units sold × Selling price
= 150 × $60
= $9,000
Gross profit:
= Sales - Cost of goods sold
= $9,000 - $6,744
= $2,256
Answer:
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Explanation:
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The answer to this question is Finishes <span>a Feature-benefit sequence
Features-benefit sequence refers to marketing tactics that focused on making cosumers aware about the feature of our product and make them aware how that feature will benefit the consumers in their life.
The check back in this context is used in order to find out if the potential consumers already developed their awareness upon those two things.</span>