All categories

3 years ago

Under MACRS, the salvage value ____ is

Business

1 answer:

tankabanditka [31]3 years ago

5 0

Answer:

C. Ignored

Explanation:

Marcs is a tax depreciation system that helps to determine the actual cost of an asset by depreciating it yearly. There are many aspects of this technique that allows recovering the cost basis of various assets. In MACRS salvage value is completely ignored. This technique allows the measurement of the cost of an asset by completely ignoring the salvage value.

You might be interested in

Type the correct answer in the box. Spell all words correctly. Help Please!!!

Flura [38]

Answer:

Which non-cash expense is added back to the net profit in the indirect method of preparing a cash flow statement? DEPRECIATION

The indirect method of preparing a cash flow statement adds a non-cash expense, such as DEPRECIATION and or AMORTIZATION, to the net profit.

Explanation:

Cash flow statement is a statement of account or financial statement prepared by firms or organisations that shows how money comes or flow into a company. It also shows the amount of money that a company receives from sales of their goods and services.

Cash flow statement also shows us the money invested my the company in outside ventures which is used for generating revenues for the company.

There are two methods of preparing Cash flow statements

a. Indirect method.

b. Direct method

The indirect method of preparing a cash flow statement involves stating the net income of the firm and then adding back non cash expenses such as Depreciation, Amortization back to the net profit. After which the determination of the actual inflow or outflow of cash from firm in carried out.

5 0

3 years ago

Holly's is currently an all-equity firm that has 12,000 shares of stock outstanding at a market price of $36 a share. The firm h

vagabundo [1.1K]

Answer:

$31,104

Explanation:

EBIT / 12,000

= [EBIT - ($120,000 × .072)] / [12,000 - ($120,000 / $36)]

EBIT = $31,104

Therefore the minimum level of earnings before interest and taxes that the firm is expecting will be $31,104

8 0

4 years ago

How do you know what particulars are required in a journal entry

Blizzard [7]

$\huge\bold\blue{ AnSwEr}$

Whatever you were learning, write about it. Since this is post is in middle school, your teacher probably expects atleast half a page to be written in. Write about whatever was asked to be written in the entry. If you're reading a book for class, it may need to be a summary of what you read in the book. If you had an assignment, it's probably about the assignment. "Journal entry" means to write in your notebook, so this wasn't very clear what you need help with, ask a classmate about what assignment needs to be written about

AnSwEr bY : WZDGirl ❤

8 0

3 years ago

Botox Facial Care had earnings after taxes of $292,000 in 20X1 with 200,000 shares of stock outstanding. The stock price was $45

krok68 [10]

Answer:

Explanation:

use the correct formula

3 0

3 years ago

Russell and Sons, a CPA firm, established the following standard labor cost data for completing what the firm referred to as a C

geniusboy [140]

Answer:

a. Total labor variance:

= (Actual labor cost - Standard labor cost) * No of returns completed

= [ (34.50 * 3.6) - (30 * 4) ] * 600

= $2,520 Unfavorable

Unfavorable because the budget was exceeded by the actual costs.

b. Labor Price variance:

= (Actual labor cost - Standard labor cost) * Actual hours

= (34.50 - 30) * 600 returns * 3.6 hours per return

= $9,720 Unfavorable

Budget was exceeded so unfavorable.

c. Labor usage variance:

= (Actual labor hours - Standard labor hours) * Standard labor rate

= [ (3.6 hours * 600 returns) - (4 hours * 600) ] * 30

= -$7,200

= $7,200 favorable

Budget was not exceeded so this is a Favorable variance.

7 0

3 years ago