Answer:
so big what is this I can't understand
Answer: C. $210,000
Explanation: Looking at the accumulated depreciation balances in 2004 and 2005 respectively
= $600,000 and $800,000
= $200,000 (is the increased depreciation value)
Therefore the accumulated depreciation on the property sold is (Property Cost - Property Sold)
= $50,000 - $40,000
= $10,000
Depreciation charged to operations in 2005 is
= increment in depreciation value balances + accumulated depreciation on property
= $200,000 + $10,000
= $210,000
I hope this helps!
Answer:
personally guarantee that you will be responsible for the business loan
Explanation:
personal guarantee will help the business owner get approved for a loan. If the business fails the bank can go after the business owners personal assets or property. To get this loan the business owner makes the guarantee promising to pay for business debts using his or her personal asset, which might include cash, real estate, assets or investments.
Answer:
<em>$13,945</em>
Explanation:
The gross receipts of $20,000 will be decreased by both the parts' $2,500, the marketing expense $2,000, and the telephone expense $400.
That $15,100 is a net self-employed income.
Net self-employment earnings are net self-employment earnings, lowered by the organization's share of FICA taxation (.0765) times the tax payers. net self-employment earnings.
The $15,100 should therefore be decreased by an extra $1,155 ($15,100 multiplied by $0.0765), <em>culminating to $13,945 net self-employment earnings. </em>
Answer:
$6,666.67
Explanation:
According to the given situation, the computation of the value of a perpetuity is shown below:-
Value of Perpetuity = Quarterly Payment ÷ Quarterly Interest Rate
Now, we will put the values into the above formula to reach the value of a perpetuity
= $100 ÷ (6% ÷ 4)
= $100 ÷ 0.0150
= $6,666.67
Therefore for computing the value of perpetuity we simply applied the above formula.
